A.M. Best Company, an independent insurance industry rating agency, has reaffirmed Catholic Life Insurance’s financial strength. Effective May 18, 2015, A.M. Best rated Catholic Life Insurance’s financial stability, security and management performance as A-(Excellent) with a stable outlook. This is the 32nd consecutive year that Catholic Life has earned the “Excellent” rating.
The rating is based on a comprehensive quantitative evaluation of the organization's balance sheet strength, operating performance and business profile. Insurers in the excellent category are considered to have an excellent ability to meet their ongoing obligations. Moreover, a stable outlook indicates low likelihood of a rating change due to stable financial/market trends.
In their financial strength rating rationale, A.M. Best stated, “The ratings of Catholic Life Insurance reflect its long-standing position in the fraternal industry, improved business mix from prior years, and organic growth in capitalization through continued positive statutory earnings."