Rating Agency AM Best Announces Excellent Status
AM Best is a leading insurance ratings analyst that assesses the ability of an insurance company to pay claims, debts, and other financial obligations on time. As of Fall 2023, Catholic Life Insurance is proud to announce AM Best has rated the organization with an A-/Excellent rating. The agency defines an A-/Excellent rating as an excellent ability to meet insurance obligations. As the only credit rating agency specializing in the insurance industry, AM Best determines a company’s rating based on a comprehensive quantitative evaluation of a company’s balance sheet, operating performance, and business profile. The rating affirms Catholic Life Insurance is a company that is safe, strong, and secure as we navigate into the coming year.- Assets of $1.27 Billion
- Surplus of $114 Million
- Insurance in force of $2.15 Billion
- Solvency ratio of 109.93
- Net income of $5.36 Million