Liberty Bankers Insurance Group's AM Best Excellent Financial Strength Rating Reaffirmed
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DALLAS, Aug. 8, 2024 ~ Liberty Bankers Insurance Group (LBIG) has once again received top ratings from AM Best, a leading credit rating agency. The company, known for its life, health, and wealth products, has been reaffirmed with an A- (Excellent) financial strength rating (FSR) and an a- (Excellent) issuer credit rating (ICR) for the third consecutive year.

According to AM Best's assessment, LBIG's balance sheet strength is very strong, and the company has shown adequate operating performance, a neutral business profile, and appropriate enterprise risk management (ERM). LBIG's vice president of investment strategy, Thomas Hayden, expressed pride in the organization's stability and impressive growth over the years. He credits this success to LBIG's innovative and strategic approach.

The AM Best credit report highlights LBIG's financial strength with record high operating income of $37.5 million and adjusted capital and surplus of $420.5 million. In 2023 alone, LBIG reported a total premium income of $559.5 million.

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AM Best also notes that Liberty Bankers continues to expand through various means such as new lines of business, revamped product offerings, strategic acquisitions, increased distribution channels, and a diverse range of life, health, and annuity products.

LBIG's ERM program has also been recognized for its strength through formal policies, risk appetite statements, and transparency throughout the organization. John Blocher, chief risk officer at LBIG stated that their team utilizes a three-line approach with the board to maintain oversight and input in order to align their business practices with the company's long-term goals.

For those interested in viewing AM Best's latest credit rating for Liberty Bankers Insurance Group or other companies' ratings, they can access it on www.ambest.com. With these top ratings from AM Best reaffirmed once again this year for LBIG by AM Best showcases their commitment to excellence and their dedication to providing quality products and services to their customers.

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