Oxford Life Insurance Company provides insurance and financial services. Specifically, they offer life insurance, annuities, and Medicare supplements. They are part of the Oxford Group, which comprises Oxford Life Insurance Company, North American Insurance Company, and Christian Fidelity Life Insurance Company.
The Oxford Group’s parent company is AMERCO, which also owns U-Haul International.
A July 30, 2020, Press Release–(Business Wire)– announced that AM Best has affirmed Oxford Life Insurance Company’s Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a-”. The outlook of these Credit Ratings is positive.
Meanwhile, A.M. Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “BBB” of North American Insurance Company. North American Insurance Company is also owned by Oxford’s parent company, AMERCO.
The outlook of these ratings is stable. These companies are owned by the group’s ultimate parent, AMERCO.
The ratings of Oxford Group reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile, and appropriate enterprise risk management.
The ratings of North American Insurance Company, which is currently in the runoff, reflect its balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, very limited business profile, and appropriate enterprise risk management.
Oxford Life Insurance Company History
Oxford Life Insurance Company was founded in the Grand Canyon State of Arizona in 1965 and remains committed to supporting the senior market through Life Insurance, Annuity, and Medicare Supplement products that meet their financial needs.
To best serve its policyholders and producers, the insurer continues to grow via the acquisition and development of companies and products.
Oxford Life and its subsidiaries, North American Insurance Company, and Christian Fidelity Life Insurance Company, work in unison to support their mission of enabling seniors to live with dignity in their retirement years through financial security.
They are a strong player in every field where it competes and constantly strive to be a leader in the industry in all categories.
Leadership
Mark A Haydukovich
President/CEO, Oxford Life Insurance Co.