Company Maintains A- (Excellent) Rating and
Stable Outlook for Third Consecutive Year
DALLAS, Aug. 8, 2024
/PRNewswire/ -- Liberty Bankers Insurance Group (LBIG),
a nationally recognized provider of life, health, and wealth
products, reaffirmed its financial strength rating (FSR) of A-
(Excellent) and its issuer credit rating (ICR) of a- (Excellent)
from AM Best for the third year in a row.
The ratings reflect LBIG's balance sheet strength, which AM Best
assesses as very strong, in addition to its adequate operating
performance, neutral business profile, and appropriate enterprise
risk management (ERM).
"AM Best's reaffirmation of our A- Excellent rating showcases
the innovative and strategic approach at Liberty Bankers Insurance
Group," said Thomas Hayden, vice
president of investment strategy at LBIG. "We are proud of the
stability of our organization and our outstanding growth year over
year."
The AM Best credit report highlights LBIG's financial strength,
reporting a record high operating income of $37.5
million and adjusted capital and surplus of $420.5
million. LBIG's total premium income in 2023 was $559.5 million.
AM Best notes that Liberty Bankers continues to expand through
new lines of business, revamped product offerings, strategic
acquisitions, increased distribution, and a diverse product
offering of life, health, and annuity products.
LBIG's ERM program has strengthened through formal policies,
risk appetite statements, and transparency throughout the
organization.
"Our team utilizes a three lines approach with the board to
maintain oversight and input. We aim to align our business
practices and LBIG's long-term goals," said John Blocher,
chief risk officer, vice president, and actuary at Liberty Bankers
Insurance Group.
For the latest Best's Credit Rating, access www.ambest.com.
About Liberty Bankers Insurance Group
Based in Dallas, Texas, Liberty
Bankers Insurance Group (LBIG) is a nationally recognized and
respected group of insurance companies that offers a variety of
life, health, and wealth products. Rated A- Excellent by AM Best,
LBIG is comprised of Liberty Bankers Life Insurance Company,
Capitol Life Insurance Company, American Benefit Life Insurance
Company, and American Monumental Life Insurance Company.
More information is available at www.lbig.com.
Liberty Bankers Insurance Group
Kim Neeley
(800) 731-4300
marketing@lbig.com
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SOURCE Liberty Bankers Insurance Group