Group Affiliation: Sammons Enterprises Group
Address: 525 W. Van Buren
Chicago IL 60607
Total Admitted Assets & Liabilities:
Total Surplus & AVR: $1,786,251
Surplus as Percent of General Account Assets: 6.1%
North American Company Ratings and Review
North American Company for Life and Health Insurance offers term and permanent life insurance and annuities, including:
- fixed index annuities (FIAs)
- traditional fixed annuities
- multi-year guarantee annuities (MYGAs)
- single premium immediate annuities (SPIAs)
The company was founded in 1886 and has stood strong to help protect those who counted on the company for financial security, even though two World Wars, the Great Depression, and multiple recessions.
In 1996, North American was acquired by Sammons Financial Group.
Unlike many other financial services companies, North American is not publicly traded—meaning the company is not subject to short-term earnings pressures that are often faced by its publicly traded peers. The company maintains strong industry ratings that are a direct result of the efforts of its dedicated employee-owners and long-term growth strategy.
Address: 4350 Westown Parkway, West Des Moines, IA 50266
North American Company Financial Ratings
North American Company is rated A+ by AM Best, A+ by Standard & Poor’s, A+ by Fitch, B by Weiss and has an 89 Comdex Score.
|A.M. Best Company (Best's Ratings, 15 Ratings)||A+ (2)|
|Superior. Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders.|
|Standard & Poor's (Financial Strength, 20 Ratings)||A+ (5)|
|An insurer rated 'A' has STRONG financial security characteristics, but is somewhat |
more likely to be affected by adverse business conditions than are insurers with higher
|Fitch Ratings (Financial Strength, 21 Ratings)||A+ (5)|
|Strong. 'A' IFS ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings.|
|Weiss (Safety Rating, 16 Ratings)||B (5)|
|Good. The company offers good financial security and has the resources to deal with a variety of adverse economic conditions. It comfortably exceeds the minimum levels for all of our rating criteria, and is likely to remain healthy for the near future. However, in the event of a severe recession or major financial crisis, we feel that this assessment should be reviewed to make sure that the firm is still maintaining adequate financial strength.|
|Ranking (Percentile in Rated Companies)||89|
|The Comdex gives the average percentile ranking of this company in relation to all other companies that have been rated by the rating services. The Comdex Ranking is the percentage of companies that are rated lower than this company.|
Learn more about what these financial ratings mean
North American offers both fixed and fixed index annuities. While fixed annuities are very straightforward, fixed index annuities can vary and be quite complicated. We recommend reading The Ultimate Beginners Guide to Fixed Index Annuities before considering or shopping for indexed annuities. It may also help to be familiar with the pros and cons of fixed index annuities.
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