AM Best Affirms Wellabe’s Excellent Financial Strength Rating for Fifth Straight Year

DES MOINES, Iowa--(BUSINESS WIRE)--For the fifth year in a row, the independent credit rating agency AM Best has affirmed Wellabe’s Financial Strength Ratings (FSR) of A (Excellent) and held the stable outlook for its six insurance company subsidiaries.

“For 96 years, our customers have counted on us to always be here. The affirmation of our excellent financial strength is a testament to our ability to continue to uphold that promise and be a trusted provider both for our customers and distribution partners,” said Dave Keith, chief executive officer of Wellabe.

According to AM Best, the rating affirmations of Wellabe’s insurance company subsidiaries reflect the group’s balance sheet strength, which AM Best categorizes at the strongest confidence level. The stable outlooks reflect the continued expectation of Wellabe's balance sheet strength, supported by its risk-adjusted capitalization, which is also expected to remain at the strongest level.

“I am honored to be leading a passionate and talented team who is focused on executing our business strategy with a top-line growth plan and risk-aware culture. Wellabe remains a strong, stable, growing organization with the resources necessary to drive innovation and value while creating long-term sustainability to ensure we’re here for the next 96 years,” Keith said.

AM Best is a global credit agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For the latest Best’s Credit Ratings, visit ambest.com.

About Wellabe

Let's do more, worry less, and make every day better. Since 1929, we have provided insurance solutions to help our customers protect their health and financial well-being. Every day we show we care through our shared values and doing what’s right. We’ll always be here helping people be well so they can prepare for tomorrow and live better today. Learn more at wellabe.com.