North American Company

Financial Ratings

A.M. Best A+Superior

S&P Global Ratings A+Strong

About North American Company

North American Company for Life and Health Insurance® is a privately held insurance company and a member of Sammons Financial Group, Inc. Based in West Des Moines, Iowa, the company has operated for over a century, offering a wide range of insurance and annuity products. It is known for strong financial stability, customer-focused service, and commitment to long-term policyholder security. North American is an employee-owned company that has consistently earned high ratings from third-party agencies for its claims-paying ability and operational performance.

Financial Ratings

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Rating Agency

A.M. Best

Rating

A+

Description

A+

Rating Analysis

Independent financial strength ratings provide insight into an insurer’s ability to meet its ongoing policyholder and contractual obligations. North American Company holds A+ ratings from A.M. Best, S&P Global Ratings, and Fitch Ratings, each placing the company within the top tier of insurers. These high marks reflect strong capitalization, consistent profitability, low financial leverage, and prudent investment performance. The A+ rating from A.M. Best (affirmed August 13, 2024) indicates a “Superior” ability to meet long-term obligations. S&P Global Ratings and Fitch Ratings both affirmed their A+ ratings in May and June 2024 respectively, citing North American’s stable operating outlook and strong market position. These ratings are not guarantees, but they are a reliable indication of the company’s current financial health and long-standing track record.