Risk spelled out with wooden blocks COMDEX Score explained article

Comdex Score: A Useful Rating From 1-100

Comdex Scores (Ratings) Table

The below table lists the Comdex Score ( you may have heard it referred to as Comdex Rating or Comdex Ranking) for top Annuity Companies. You may sort by Comdex Score, insurance company, and also search the table. If you click on the name of the insurance company it will take you to a more detailed insurer profile and review of the company.

Comdex Score: A Useful Ranking

After reading this guide to Comdex Score’s you will:

  • Know what a Comdex Score is
  • How a Comdex Score is calculated
  • Understand Insurance Company Profiles
  • Know where to access the Comdex Score for Annuity Companies

The Comdex is not a rating, but a composite of all the ratings an insurance company has received from the five main insurance company rating agencies.

There are five main insurance company rating agencies whose Insurance Company’s Ratings are widely accepted:

  1. A.M. Best
  2. Moody’s
  3. Weiss
  4. Standard & Poor’s
  5. Fitch

The Comdex score was created to take those ratings from A.M. Best, Moody’s, Fitch and Standard & Poor’s and place them all on a level playing field. The idea here is to take a sort of ‘average’ number, then find out where the carrier ranks among the others based on that ‘average.’

In order to be assigned a Comdex Score an insurance company must have a rating assigned by at least two of the five main rating agencies listed above.



Comdex Score: A Composite Index 

Comdex stands for composite index. Which makes sense as the Comdex Score compiles the ratings from all five major credit raters, and presents you with a composite score of all the evaluations a life insurance company has available.

It then puts each company into a single, 100-point scale. This method creates a percentile in which to place each company.

The higher the percentile, the higher the company’s overall rankings from the other private rating companies.

Many of the individuals shopping for an insurance product find it much easier to look at a score on a scale of 1-100 than to try to understand four different rating scales and their methodology. Below is a sample insurance company financial chart that shows different ratings available from each of the five main rating agencies, and once lesser known agency (KBRA). 

The Comdex Score takes all of these into account when creating a single Comdex Score from 1-100.

Ratings chart showing financial ratings that are combined using the comdex score


The Comdex Score: Ranking Insurers on a 100-Point Scale

The 100-point scale puts the credit rating scores in context as it allows you to see how a company compares to its competitors based on what percentile it falls into. 

For Example, a Comdex Score of 85 means the insurer is in the top 15th percentile. Or another way of putting it – rated superior to 84 percent of insurance companies.

To be assigned a number, the Comdex Score first takes a complete count of all companies who have at least two of the five rankings necessary to earn a Comdex Score.

This helps to keep it a little more consistent because not all carriers seek out more than one rating, and also gives the Comdex Score something to average out. If just one rating were being taken into consideration it would give excess weight to one rating agency’s platform.

Next, each individual rating agency’s full list of carriers is counted and divided by how many carriers were in each category.

For example, if A.M. Best rated 100 carriers and only five were able to obtain the top rate, those five would be in the 100th percentile. If another 20 got the second highest score, they would be in the next percentile, and so on.


How is the Comdex Score Calculated?

After the four agencies have their lists compiled, sorted, and calculated for carriers’ scores, the scores are then tallied up and averaged for the carriers.

He is a specific example:

Let’s say XYZ insurance company was in the 90th percentile for A.M. Best, the 85th percentile for Fitch and the 80th percentile for Moody’s, the average of the three would be a Comdex score of 85 (90+85+80=255, 255/3=85).

While, once again, this cannot be the only number you can rely on, it does help to find what percentile a company is in with a somewhat fair amount of data.

Rather than trying to compile all the life insurance providers on your radar, comparing their scores across rating companies, then seeing how they stand up against their competitors, you can simply check the percentile in which each company falls.



The Comdex score is only available in VitalSigns, a product of EbixExchange. If you’d like to review more company specific information for Ebix, they are listed on the NASDAQ Global Market (ticker symbol – EBIX).

Ebix provides a complete suite of services with seamless data flow to insurance channels around the world. They have a long history of designing innovative solutions that’s earmarked an era of excellence in the history of Ebix. 

Committed in its endeavor to answer the ever-increasing needs of Insurance organizations all over the world; Ebix is a leading international supplier of on-demand infrastructure exchanges to the insurance, financial, and healthcare industries.

In the Insurance sector, the Company’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis.



VitalSigns provides carrier financials and ratings for a little over 500 insurance companies. VitalSigns quickly and reliably qualifies a carrier’s financial strength in a variety of easy-to-understand reports.

  • Reliable Data – VitalSigns uses yearly financials reported to the NAIC and ratings from the 5 leading ratings services with a Comdex ranking helps interpret the ratings.
  • Time-Savings Features – VitalSigns aggregates all the ratings and financial data and creates a report showing a carrier’s financial strength. In addition, financial charts and tables provide a more in-depth look into the overall health of each insurance company. 


You’ll find total assets & liabilities, invested asset distribution, non-performing assets, 5-year investment returns and bond quality in addition to financial ratings from each of the major agencies.

Insurance companies are required to report annual statements to the government. This data is used to monitor the financial health of insurers and protect the interests of consumers. 

VitalSigns provides this data, for 500 companies. These statements, filed in March, contain data for the previous year. VitalSigns releases new financials each spring.

Using these yearly financials reported to the NAIC and ratings from the five leading ratings agencies, VitalSigns establishes a Comdex Score (or ranking) to help you interpret the ratings. 

VitalSigns includes explanations for each rating and a chart that compares the ratings by each service. An AM Best A+ is quite different from a Standard & Poor’s A+.


Understanding Financial Profiles

Comdex – Our exclusive composite index, the Comdex, gives you a quick summary of a carrier’s ratings and shows you how they stack up.

Numerical Equivalent – A number in parenthesis next to each rating quickly tells you where that rating fits on the scale for that rating service. A+ (2) tells you this is the second-best rating for AM Best.

Ratings Chart – A ratings chart compares the ratings for each rating service, so you can quickly compare.


Insurance Company Ratings Chart Example

To view the VitalSigns Report for a particular insurance company visit our Insurance Company Directory and select an insurer.

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Kiara Caudill

I spent the first 10 years of my career as a clinical mental health therapist and I saw firsthand that finances play a large role in one’s happiness. A good financial plan is not only important to your financial health it’s also important to your mental health. I approach financial planning from a behavioral finance perspective using a goals-based approach. Kiara holds a B.A. Degree in Psychology from Goshen College and an M.A. in Clinical Mental Health Counseling from Valparaiso University.


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