Catholic Life Insurance Earns A- Rating from AM Best in 2024: What It Means for You
Catholic Life Insurance has once again earned an A-(Excellent) rating from AM Best for 2024. This independent, third-party rating affirms the financial strength and long-term stability of the organization—important qualities for members seeking trusted, values-based life insurance and retirement products.
What Is AM Best and Why Does It Matter?
AM Best is the world’s oldest and most respected credit rating agency focused exclusively on the insurance industry. While agencies like Moody’s, Fitch, and Standard & Poor’s rate banks and corporations, AM Best specializes in evaluating insurers’ ability to meet financial obligations to policyholders.
An A- rating from AM Best means:
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The company has an excellent ability to pay claims.
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It maintains solid capital reserves and surplus.
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Its business practices are financially conservative and reliable.
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It can be trusted in both good times and economic downturns.
This designation is not a paid endorsement—it is an objective assessment based on balance sheet strength, operating performance, enterprise risk management, and business profile.
Key 2024 Financial Highlights
| Metric | 2024 Value |
|---|---|
| Assets | $1.27 Billion |
| Insurance in Force | $2.15 Billion |
| Surplus | $114 Million |
| Net Income (2023) | $5.36 Million |
| Solvency Ratio | 109.93% |
| AM Best Rating | A- (Excellent) |
| Years Rated A- or Better | 40+ consecutive years |
These figures reflect a well-managed, mission-focused organization with a strong foundation and a commitment to member protection.
Why This Matters for Policyholders and Families
Security
Your policy is backed by a company with more than enough resources to pay claims now and in the future.
Stability
Even during challenging economic times, conservative investment practices protect your family’s future.
Longevity
The company’s consistent A- rating for over 40 years shows a proven ability to weather market fluctuations.
Mission-driven focus
As a member-owned society, Catholic Life Insurance invests in communities—not shareholders—offering values-based service you can feel good about.
Final Thoughts
Catholic Life Insurance’s A-(Excellent) rating is more than a number—it’s a symbol of trust, financial discipline, and a century-long commitment to serving people with faith-based values. Whether purchasing life insurance, planning for retirement, or seeking peace of mind, you can count on Catholic Life Insurance to stand strong—today, tomorrow, and for generations to come.
