JUPITER, Florida (February 25, 2011) — Teachers Insurance & Annuity Association, Northwestern Mutual Life Insurance Company and Massachusetts Mutual Life Insurance Company are among the nation’s strongest life and annuity insurers with assets of $25 billion and greater, according to the latest quarterly review by Weiss Ratings, the nation’s leading independent provider of bank and insurance company ratings. Meanwhile, Bankers Life & Casualty Company, Conseco Life Insurance Company and Philadelphia Financial Life Assurance Company are among the largest insurers considered weak based on September 30, 2010 data.
In reviewing more than 652 life and annuity insurers, 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 recommended companies receiving ratings of B+ or higher from Weiss include:
In contrast, large life and annuity insurers considered “weak”, earning a Weiss Rating of D+ or lower, include:
To view Weiss Ratings’ free list of the strongest and weakest life and annuity companies, consumers should visit www.weissratings.com/lifelists.
About Weiss Ratings
Weiss Ratings accepts no payments for its ratings from rated institutions. It is among the nation’s leading providers of independent ratings on 8,000 U.S. banks and S&Ls and the only provider of independent ratings on the nation’s 4,200 insurance companies.
# # #
Note to Editors: State-specific lists of life and annuity ratings are available upon request.