JUPITER, Florida (May 25, 2011) — Teachers Insurance & Annuity Association and State Farm Life Insurance Company are among the nation’s strongest life and annuity companies with assets of $25 billion and greater, according to the latest quarterly review by Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company ratings. Meanwhile, Conseco Life Insurance Company and Wilton Reassurance Company are among the largest insurers considered weak based on December 31, 2010 data.
In reviewing 591 life and annuity insurers, Weiss found that 98, or 17%, are considered strong, meriting a Weiss Financial Strength Rating of B+ or higher. Meanwhile, 81, or 14%, of life and annuity insurers are considered weak, receiving a rating of D+ or lower. Weiss Ratings assigns a financial strength rating based on its statistical analysis of each insurer’s capitalization, investment safety, profitability, liquidity, stability and other factors.
Large life and annuity companies receiving ratings of B+ or higher from Weiss include:
Large life and annuity insurers considered “weak,” earning a Weiss Financial Strength Rating of D+ or lower, include:
To view Weiss Ratings’ free list of the strongest and weakest life and annuity companies, visit www.weissratings.com/lifelists.
About Weiss Ratings
Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company financial strength ratings and sovereign debt ratings, accepts no payments for its ratings from rated institutions. It also distributes independent investment ratings on the shares of thousands of publicly traded companies, mutual funds, closed-end funds and ETFs.