Earlier this year we told you of the acquisition of pre-need provider Great Western Insurance Company by the American Enterprise Group of Des Moines, Iowa.  As of April 25, 2018, A.M. Best has completed their ratings on Great Western Insurance Company post acquisition.

A.M. Best has upgraded, in a report you can read here, the Financial Strength Rating of Great Western to A- (Excellent) from B++ (Good) and the Long Term Issuer Credit Rating to a- from bbb+.

Other notable items in the ratings included:

• A.M. Best ratings recognize the strength of the American Enterprise balance sheet which they suggest is “very strong”
• American Enterprise has historically reported favorable operating trends with premium growth and continued profitability.
• Operating results are expected to be strong going forward
• The addition of Great Western’s pre-need and final expense products broadens the organizations product portfolio
• The ratings of Great Western reflect its strategic role to American Enterprise as the core writer of pre-need and final expense products.

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