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A.M. Best confirms Assumption Life’s financial solidity for the 22nd consecutive year

9/29/2021 12:00:00 AM

Moncton (N. B.), September 29, 2021 – Assumption Life has earned the rating of A- (Excellent) for the 22nd consecutive year from the credit rating agency A. M. Best, which is a real testament to its financial solidity and creditworthiness, year after year.
 
“Once again, we can attribute this A- rating to our excellent capitalization level, as well as our financial strength. Our assets are strong and of the highest quality. Moreover, our company has shown sound risk management that has served us well over the years, especially during this pandemic. Our consistent results show our capacity to manage risks during the highs and lows of the industry over the last 22 years. We are extremely proud of this achievement which is one of the highest levels obtained by a company of our size”, said Assumption Life’s Vice President, Chief Financial Officer and Chief Actuary, Michel Allain.
 
As the COVID-19 pandemic continued its disruption since March 2020, Assumption Life remained true to its commitment towards its clients, partners and communities. Its employees demonstrated core values of leadership, collaboration and engagement while quickly pivoting to continue to make a difference.
 
“Achieving a rating of A- for 22 consecutive years demonstrates our exceptional financial stability and it shows our clients and partners that Assumption Life is there for them, even during the hardships of a global pandemic. In this highly competitive industry, financial stability represents a key growth factor. Thus, we have the solidity needed to continue our innovative approach in developing products and services to reach our ambitious strategic goals and gain even more consumer trust and market shares. Thank you to our valued employees for their exceptional leadership and collaboration who are such an essential component of our continued success”, said Assumption Life’s President and CEO, Sébastien Dupuis.
 
About Assumption Life
Founded in 1903, Assumption Life offers individual and group insurance products as well as investment and retirement products and mortgages. It has offices in all provinces and territories of Canada. The Company’s head office is located in Moncton, New Brunswick.
 
About A.M. Best
Founded in 1899, A. M. Best is the most highly regarded credit rating agency serving the insurance industry. Policyholders and depositors count on A. M. Best’s ratings and analyses as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
 
 
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For information and interview:
Thomas Raffy
Director of Communications
506 870-9153 ext 5194
thomas.raffy@assomption.ca  www.assomption.ca