Great American Life Insurance Company

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    Great American Life Insurance Ratings

    Great American Life Insurance CompanyRating
    301 E Fourth St., Cincinnati, OH 45202
    A.M. Best Rating (15 possible ratings)A+ (2)
    Moody's (21 possible ratings)A2 (6)
    Standard & Poor's (20 possible ratings)A+ (5)
    Comdex (percentile of all rated companies)82

    Company Profile

    Group Affiliation: Massachusetts Mutual Life Insurance Group
    State of Domicile: Ohio
    NAIC Company Code: 63312
    Year Founded: 1961

    Website: GALIC Consumer Website
    Address:
    301 E Fourth Street
    Cincinnati, OH 45202

    Assets and Liabilities

    Assets: $35,776,746,245
    Liabilities: $32,879,554,457

    Capital and Surplus: $2,897,191,788

    Assets to Liability Ratio: 108.81%

    Great American Life Insurance Company has been wholly or majority-owned by American Financial Group since 1973. The company is licensed in 49 states and the District of Columbia. It primarily writes both qualified and non-qualified fixed annuity products. In 2006, Great American introduced fixed-indexed annuities and has ranked as a top provider of these retirement products ever since.

    Great American markets themselves as producing simple, easy-to-understand fixed index annuity products, and this strategy has brought them success. In 2019, Great American Life Insurance Company was number 10 in the United States for individual Fixed Index Annuity Sales issuing just over $3.6 Billion.

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    Contact Information

    GALIC Annuity Phone Numbers:

    Customer Service Phone Number: 800.854.3649
    Sales & Marketing Phone Number: 800.438.3398

    Home Office Phone Number: 513-357-3300

    Great American Annuity Historical Performance

    Annuity, Crediting Strategy & IndexRecentBestWorst
    Index Protector 7 Non-MVA
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    4.54%5.65%3.94%
    AssuranceSelect 7 Plus
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    4.54%5.65%3.94%
    AssuranceSelect 7 Plus
    1-Year S&P U.S. Retiree Spending TR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P US Retiree Spending (T R)
    4.06%5.62%3.95%
    Index Protector 7 Non-MVA
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    4.17%5.19%3.61%
    American Legend 7
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    4.17%5.19%3.61%
    AssuranceSelect 7 Plus
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    4.17%5.19%3.61%
    American Legend 7
    1-Year S&P 500 PT P Monthly Sum Cap
    7 surrender yrs Averaging: Monthly sum Reset: Annual S&P 500® Index
    5.18%
    5.18%2.42%
    American Legend 7
    1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
    7 surrender yrs Reset: Annual S&P 500 Average DRC 10% (PR)
    3.80%4.72%3.28%
    Index Protector 7 Non-MVA
    1-Year S&P 500 PT P Cap
    7 surrender yrs Reset: Annual S&P 500® Index
    3.78%4.38%3.05%
    American Legend 7
    1-Year S&P 500 PT P Monthly Sum Cap
    7 surrender yrs Averaging: Monthly sum Reset: Annual S&P 500® Index
    4.35%4.35%2.13%

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