Company News

September 30, 2016
A.M. Best Upgrades Mutual Trust's Credit Rating to
A (Excellent)

A.M. Best upgraded Mutual Trust Life Insurance Company's Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) September 29, 2016. According to A.M. Best, the upgrade reflects the rating agency’s view of the successful integration of Mutual Trust Financial Group and the Pan-American Life Mutual Holding Company after the November 2015 merger, as well as "the strategic importance of Mutual Trust as the functional focal point of the domestic life business of the consolidated entity."

Click here to view A.M. Best's Rating Report.*

"This rating action, less than one year after the merger, is a strong indication of the significance of being part of a larger organization that has a diversified product portfolio and a commitment to exceptional financial strength," explains Steve Batza, FSA, MAAA, CLU, ChFC, President and CEO of Mutual Trust Life Insurance Company. "Mutual Trust is proud to be leading the growth of Pan-American Life Insurance Group's (PALIG) U.S. Life Business," Batza adds.

On September 29, A.M. Best also reaffirmed Pan-American Life Insurance Company's FSR of A (Excellent). According to A.M. Best, this reaffirmation reflects the benefits derived from the company’s long-established presence and name recognition in Latin America and the U.S.-Hispanic marketplace, as well as an improved balance sheet and income statement, solid consolidated risk-adjusted capitalization, a well-performing fixed-income investment portfolio, and positive net operating performance.

"As we approach the first anniversary of the merger, these ratings are further confirmation that as one company, we are stronger than ever," concludes José S. Suquet, PALIG's Chairman of the Board, President and CEO. "I am confident that the road ahead will see us attain even greater heights."

Click here to view A.M. Best's Rating Report.*

Click here to view the press release from A.M. Best.

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Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best web site, www.ambest.com.

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