Enterprise Updates
In December 2024, AM Best assigned Atlanta Life Insurance Company (ALIC) a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good), both with a stable outlook. These ratings reflect ALIC’s very strong balance sheet, supported by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR). The company’s operating performance and enterprise risk management were assessed as marginal, and its business profile as limited, due to its recent re-entry into the group benefits and reinsurance market. In January 2023, Atlanta Life Holdings acquired ALIC and made a capital contribution to support its strategic growth initiatives.
Mergers and Aquisitions
We recently acquired NC Mutual
