Global Atlantic Subsidiary Named to Ward’s 50 Top Life and Health Insurers for Fourteenth Consecutive Year
July 12 2023 - 7:30AM
Business Wire
Global Atlantic Financial Group, a leading financial services
company, today announced that its subsidiary, Forethought Life
Insurance Company, has been named a Ward’s 50® top life and health
insurance company for the fourteenth consecutive year. Forethought
Life Insurance Company is the primary issuer of annuities and
preneed life insurance products for Global Atlantic.
“We are honored to be included in the 2023 Ward’s 50 and take
pride in our string of 14 consecutive years on the list,” said Rob
Arena, Co-President of Global Atlantic and Head of Individual
Markets. “We consistently manage the business with the highest
levels of integrity for our clients, and this recognition validates
our approach.”
Annually, Ward analyzes the financial performance of more than
700 life and health insurance companies in the United States based
on publicly available data to identify the top performers. Each
Ward’s 50 company has passed all safety and consistency screens and
achieved superior performance over the course of five years.
Insurance companies must pass minimum thresholds of assets and
return levels, among other metrics, to be considered for the Ward’s
50® designation. Ward’s 50® companies outperform the industry and
report more favorable statutory return on average equity, lower
lapse ratios, greater growth in policyholder surplus, and lower
expenses relative to net premiums.
Ward, an Aon company, is the leading provider of benchmarking
and best practices studies for the insurance industry. It has
conducted the Ward's 50® analysis since 1991. For more information
about the Ward’s 50® analysis and methodology, go to
ward.aon.com.
About Global Atlantic
Global Atlantic Financial Group is a leader in the U.S. life
insurance and annuity industry, serving the needs of individuals
and institutions. With differentiated investment and risk
management capabilities, deep client relationships, and a strong
financial foundation, the company has established a track record of
delivering proven, value-added solutions and long-term growth.
Global Atlantic is a majority-owned subsidiary of KKR, a leading
global investment firm that offers alternative asset management
across multiple strategies and capital markets solutions. KKR’s
parent company is KKR & Co. Inc. (NYSE: KKR).
Global Atlantic Financial Group (Global Atlantic) is the
marketing name for The Global Atlantic Financial Group LLC and its
subsidiaries, including Forethought Life Insurance Company and
Accordia Life and Annuity Company. Each subsidiary is responsible
for its own financial and contractual obligations. These
subsidiaries are not authorized to do business in New York.
This material is intended to provide
educational information and is intended for use with the general
public. It should not be considered, and does not constitute,
personalized investment advice. The issuing insurance company is
not an investment adviser nor registered as such with the SEC or
any state securities regulatory authority. It’s not acting in any
fiduciary capacity with respect to any contract and/or
investment.
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ICR Inc. GlobalAtlantic@icrinc.com (203) 682-8268
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