#United States #Dallas #AM Best #Insurance Group #Liberty Bankers

Liberty Bankers Insurance Group Achieves A- Rating for Fourth Year

Liberty Bankers Insurance Group (LBIG), a respected national provider of life, health, and wealth products, has once again received an A- (Excellent) financial strength rating from AM Best. This marks the fourth consecutive year that LBIG has been recognized for its robust financial health. The impressive rating emphasizes LBIG's strong balance sheet, optimal operating performance, and effective risk management practices.

Consistent Financial Strength

According to AM Best, LBIG's financial stability places it within the very strong category. The organization's assessment highlighted LBIG's risk-adjusted capitalization, which has now been evaluated in the strongest category based on the Best's Capital Adequacy Ratio (BCAR). According to Tom Hayden, LBIG's vice president of investments, this rating affirmation reflects the company's commitment to maintaining a solid balance sheet and its strategic growth initiatives. “It’s a testament to the resilience of our strategy and the trust we continue to build with our policyholders and partners,” Hayden noted.

In its latest evaluation, AM Best reported that LBIG generated an operating income of $16.4 million with adjusted capital and surplus reaching $446.5 million. Additionally, the total premium income for the year 2024 was an impressive $593 million. These figures underscore LBIG's effective management practices and operational integrity.

Path to Organic Growth

AM Best’s report points out LBIG's continued organic growth through a combination of launching new lines of business, rebranding product offerings, strategic acquisitions, and enhanced distribution strategies. This growth mindset is further reinforced by the company’s efforts to strengthen its Enterprise Risk Management (ERM) program. Initiatives have included implementing formal policies, developing risk appetite statements, and ensuring transparency across the organization.

John Blocher, LBIG’s chief risk officer, articulated the importance of these procedures: “Our risk management practices are diligently structured to align our business operations with our long-term goals,” he said. The reaffirmation of AM Best’s A- (Excellent) rating not only highlights the strength of LBIG's ERM framework but also showcases the company’s unwavering commitment to financial durability and accountability.

A Bright Future Ahead

Liberty Bankers Insurance Group, headquartered in Dallas, Texas, is comprised of several key insurance companies including Liberty Bankers Life Insurance Company, Capitol Life Insurance Company, American Benefit Life Insurance Company, and American Monumental Life Insurance Company. As LBIG continues to evolve and adapt in a dynamic market, its A- rating serves as a cornerstone of confidence for both current and prospective policyholders.

For those interested in more details regarding LBIG's financial ratings and growth initiatives, additional information can be accessed through AM Best's website.

In conclusion, Liberty Bankers Insurance Group stands as a model of financial stability and growth in the insurance industry. Its consistent recognition by AM Best is a strong indicator of its future prospects and ability to serve its clients effectively. With a solid operating foundation and strategic vision, LBIG is poised for continued success in the years to come.