Midland National's unique direct model
Midland National® Life Insurance Company has an established history and an innovative spirit that helps keeps it on the leading edge of the insurance industry. We have been and continue to be fully committed to our independent direct partnerships.
If you don't have a direct appointment, you may be leaving benefits on the table. You can add Midland National to your preferred carriers, and still remain 100% independent.
Structure
Privately-held ESOP-owned with a long-term perspective
Independent
We make decisions with a focus on longevity, instead of short-term earning pressures.
Client-centric
Midland National employees participate in the ESOP program and have a stake in the company's success -meaning we're motivated to make sure you and your clients are taken care of.
Stability
A+ ratings from independent organizations show we honor our commitments to the 1,000,000+2 customers around the country who trust us to help secure their financial futures.
History of integrity
For over 30 years, Midland National has earned an "A+" (Superior) rating from A.M. Best based on its financial strength.
- A.M. BestA,B (SUPERIOR)
(Second category of 15) - S&P GLOBAL RATINGSB,C (STRONG)
(Fifth category of 22) - FITCH RATINGSD (STABLE)
(Fifth category of 19)
Our risk-based capital (RBC) ratio is: 419%2.
Strength
Our focus on direct partnerships and long-term relationships is backed by a powerful growing organization.
Steady growth
One of the nation's largest privately held companies - named 77th on the Forbes list of Largest Private Companies3 in 2023.
Midland National balance sheet and investments
Balance sheet as of Dec. 31, 2024 (in thousands)
Assets
Bonds$55,583,611
Stocks$3,134,161
Cash and short-term investments$2,719,145
Mortgage loans$3,893,862
Loans to policyholders$596,140
Other invested assets$5,504,098
Accrued investment income$523,659
Separate account assets$7,566,444
All other assets$3,192,253
Total assets$82,713,373
Liabilities, capital, and surplus
Life and annuity reserves$46,843,748
Interest maintenance reserve (IMR)$0
Asset valuation reserve (AVR)$894,782
Funds withheld under coinsurance$13,767,745
Accounts payable and other liabilities$9,095,044
Separate account liabilities$7,109,659
Total liabilities$77,710,978
Capital and surplus$5,002,395
Total liabilities, capital, and surplus$82,713,373
High quality investments
Midland National's asset quality is excellent. Overall net investment income provides ample margins to cover contractual obligations to all policyholders.
INVESTMENTS BY TYPE1
term
investments
BONDS BY NAIC QUALITY RATING
96% Investment grade
Our unique direct distribution model means it can offer superior customer value through competitive products and experienced producers who self-generate business and do not need the support of a marketing organization for all or a part of their business. As a result, we can provide industry leading service, quality compensation and access to a portfolio of innovative fixed annuity products.
Want to talk to someone about the benefits of adding a direct relationship with Midland National to your list of preferred carriers?
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
1. Stated as a percent of total invested assets.
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