A.M. Best Company, an independent insurance industry rating agency, has reaffirmed Catholic Life Insurance’s financial strength. Effective April 30, 2014, A.M. Best rated Catholic Life Insurance’s financial stability, security and management performance as A-(Excellent) with a stable outlook. This is the 31st 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 reflects its growth in absolute and risk-adjusted capitalization, positive statutory operating earnings, and its active involvement in fraternal outreach programs and lodge activities.”
“Catholic Life’s risk-adjusted capitalization is more than adequate to support its business and investment risk. Capital and surplus has consistently increased over the past five years primarily due to profitable operations.”