Assumption Life receives an A- (Excellent) rating for the 23rd consecutive year

11/3/2022 12:00:00 AM

Moncton (NB), November 3, 2022 - Assumption Life is proud to announce that it has been awarded an A- (Excellent) rating by the credit reporting agency, A. M. Best, for the 23rd consecutive year. This exceptional achievement is further proof of the company's financial strength.
"Once again, Assumption Life has distinguished itself with remarkable financial strength and we are pleased to have received this sought-after rating for the twenty-third consecutive year. Our excellent level of capitalization combined with our sound risk management produces excellent results year after year," stated Michel Allain, vice president, Chief financial officer and Chief actuary of Assumption Life.
Assumption Life is particularly proud of the fact that this achievement is one of the highest levels obtained by a company of its size.
"The insurance industry is a highly competitive sector, and receiving this rating once again sends a strong signal to our partners and clients. Our financial stability is an important driver of growth and supports our strategic distribution efforts. We would like to thank the members of all our teams whose daily dedication has enabled us to achieve such results for twenty-three years in a row," stated Sébastien Dupuis, President and CEO of Assumption Life.
About Assumption Life
With a 119-year history, Assumption Life continues to ensure the financial security of its clients through its innovative products, personalized services and community involvement. Through daily collaboration, coupled with the trust, commitment and leadership of its employees, Assumption Life offers one of the best experiences that makes a difference for advisors, clients and community members.
About A. M. Best
Founded in 1899, A. M. Best is the most trusted credit reporting agency serving the insurance industry. Policyholders and depositors rely on A. M. Best's ratings and analysis to assess the financial strength and creditworthiness of risk entities and investment vehicles.
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For information and interviews:
Thomas Raffy
Director of Marketing and Communications
Assumption Life
(506) 870-9153 ext. 5194