About Us
We are part of Sammons Financial Group (SFG), whose member companies offer a diverse portfolio of products, including life insurance, annuities, and retirement solutions. Sammons Financial Group includes North American Company for Life and Health Insurance®, Midland National®Life Insurance Company , Sammons Institutional Group®, and Beacon Capital Management.
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Financial Strength
A Proud History of Strength and Success
As a privately held company, Sammons Financial Group is not driven by short-term earnings pressures. We plan for the long term, which has resulted in a consistently strong performance throughout the years - even during tough economic times. We honor our commitments to our customers with a disciplined and conservative investment strategy. We closely monitor our investments, maintain a balanced and diversified portfolio, and a strong capital position. Our bottom line is the bottom line when it comes to honoring the financial commitments we make to our customers.
View our Financial Strength flyer:
Sammons Financial Group by the Numbers*
- More than 1,737,913 Life insurance and annuity policies held
- More than $115.6 billion in total assets
- $360.4 billion life insurance in force
- $1.3 billion life insurance claims paid
Ratings
The Importance of Financial Ratings
Sammons Financial Group member companies offer some of the most sought-after life insurance, annuity, and retirement planning products.
As part of a privately-held company, the leaders and employees of Sammons Financial Group remain consistently focused on long-term growth, making decisions to help allow the organization to deliver on its commitments to customers, distribution partners, its employees, and its communities.
Strong Industry Ratings
A+ (Superior) Rated by A.M. Best |
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A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance, and ability to meet its obligations to policyholders. A+ is the second highest rating out of 15 categories and was affirmed for Midland National® Life Insurance Company and North American Company for Life and Health Insurance® as part of Sammons Financial Group on July 29, 2022. For the latest rating, access www.ambest.com |
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A+ (Strong) Rated by S&P Global Ratings |
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| S&P Global Ratings awarded its "A+" (Strong) rating for insurer financial strength on February 26, 2009 and affirmed on May 24, 2023 to Midland National® Life Insurance Company and North American Company for Life and Health Insurance as members of Sammons® Financial Group Inc. The "A+" (Strong) rating, is the fifth highest out of 22 available ratings. S&P Global Ratings is an independent, third-party rating firm that rates on the basis of financial strength. Ratings shown reflect the opinion of the rating agency and are not implied warranties of the company's ability to meet its financial obligations. |  |
A+ (Stable) Rated by Fitch Ratings |
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| Fitch Ratings, a global leader in financial information services and credit ratings, on December 7, 2022 assigned an Insurer Financial Strength rating of A+ Stable for Midland National and North American. This rating is the fifth highest of 19 possible rating categories. The rating reflects the organization's strong business profile, low financial leverage, very strong statutory capitalization and strong operating profitability supported by strong investment performance. For more information, read the Fitch Ratings report. |  |
