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July 13, 2010

AM Best Report Shows Structured Annuities Issued By Largest Insurers With Long Track Record of Financial Stability

by John Darer® CLU ChFC MSSC RSP CLTC

How stable are the life insurance companies that write structured settlement annuities? 

Top 100 US Life/Health Underwriters (currently or formerly writing structured settlements, ranked by admitted assets

Source: Best's Review July 2009, from insurer annual statements)

1. Metropolitan Life and affiliated companies  $436, 091,585

2. Prudential of America Group  $367,245,599

3. AIG Life Group  $312,735,278

4. Hartford Life Insurance Group $219,495,475

5. Manulife Financial (includes John Hancock) $217,242,055

7. New York Life Group $201,809,229

8  AEGON USA Group  $179,836,971

9. ING USA Life Group $178,478,036

13.MassMutual Finl Group $132,968,358

15. Pacific Life Group  $97,906,637

21. Allstate Financial $74,067,855

22. Genworth Finl Group $63,152,639

27. Aviva USA Group $43,367,009

36. AETNA Inc. $24,263,282

40. Symetra Life Group  $21,281,572

50.  USAA Life Group 15,174,746

59. Liberty Life Assurance Comapny of Boston $12,983,175

86. Presidential Life 3,613,990

91. Continental Assurance Company $3,208,225

Life/Health Insurers Rated A.M. Best  "A" or Better for 50 Years, or better** ( and current rating, number of years A or better)

Source: Best's Review July 2009

Aviva Life and Annuity Company, A,  81 years

Canada Life Assurance Company A+, 61 years

Hartford Life Insuarnce Company A, 60 years

Massachusetts Mutual Life Insurance Company  A++ 61 years

Metropolitan Life Insurance Company  A+ 82 years

New York Life Insurance Company, A++, 82 years

United of Omaha Life Insurance Company A+  54 years

Best's includes a disclaimer with its ratings which states that its Financial Strength Rating is an independent opinion of an insurer's financial strength and ongoing insurance policy based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.

**While not noted by A.M. Best in the July 2009 report,  Symetra Life Insurance Company came about when SAFECO spun off Safeco Life Insurance Company and the company was renamed Symetra Life Insurance Company.  It should be noted by readers that during both the time period that the company was called SAFECO Life Insurance Company and the time after the spin off (when it was renamed Symetra Life Insurance Company),  the company has enjoyed at least an "A" rating from AM Best. The time periods span over 50 years.

Posted at 12:32 PM in AEGON Structured Settlements, Allstate Life Insurance Company, Allstate Structured Settlements and Structured Payment Solutions, American General Structured Settlements, Hartford CT Structured Settlements, Hartford Life Insurance Company, Insurance Company News, Insurance Company Ratings Structured Settlements, John Hancock Life Insurance/ John Hancock Life Insurance Co of NY, John Hancock Structured Settlements, Massachusetts Mutual Life, MassMutual Structured Settlements, MetLife Structured Settlements, Metropolitan Life Insurance Company, Metropolitan Life Structured Settlements, New Haven CT Structured Settlements, New York City Structured Settlements, New York Life Insurance Co. Structured Settlements, New York Structured Settlements, Newark NJ Structured Settlements, Pacific Life and Annuity Company, Pacific Life Structured Settlements, Prudential Insurance Company of America, Prudential Structured Settlements, Structured Settlement Annuity, Structured Settlement History, Structured Settlement Industry News, Structured Settlements |

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Guide to Structured Settlements 2024

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  • Top Structured Settlement Annuity Companies 2024
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  • Structured Settlement Payments | Types of Structured Settlements 2024
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  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
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  • Structured Settlement Annuity Company Customer Service Phone Numbers
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  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
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  • What Are Market Based Structured Settlements?
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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Why Take a Structured Settlement?

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