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Ratings

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Ratings

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The Importance of Financial Ratings

Independent agency ratings provide a vital picture of an insurer's ability to keep its commitments to you, the customer. It's about that most valuable commodity in the insurance business: trust. You aren't just buying a product. You're buying protection for you and your family. All of Midland National's tax-deferred annuities and life insurance products are backed by the financial strength of our investment portfolio, which emphasizes high-quality bonds that provide safety, liquidity, and competitive interest rates. These ratings are based on our financial strength, operating performance, and ability to meet obligations to our policyowners and contract holders.

Midland National Consistently Earns High Ratings for Financial Strength

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A+ (Superior) Rated by A.M. Best1,2

A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance, and ability to meet its obligations to contract holders. (A+ is the second highest out of 15 categories.) As part of Sammons® Financial Group, Midland National's A+ rating was affirmed on August 2, 2018. Click here for A.M. Best's summary review of Midland National.

AM Best

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"A+" (Strong) Rated by S&P Global Ratings2

S&P Global Ratings is an independent, third-party rating firm that rates on the basis of financial strength. Midland National's "A+" rating was affirmed on September 10, 2018 as part of Sammons Financial Group Inc., and is the fifth highest rating, out of 22 categories.

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Ward's Top 503

Midland National was selected as one of Ward's 2018 top 50 life and health insurance companies. Ward Group is the leader of benchmarking and best practices services for the insurance industry. Each year, the group analyzes the financial performance of over 700 life-health insurance companies based in the United States and identifies the top performers in each segment based on objective data and subjective quality measures.

Ward's Top 50 - Safety, consistency, and performance

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A+ Rated by Fitch Ratings

Fitch Ratings, a global leader in financial information services and credit ratings, on April 24, 2018, assigned an Insurer Financial Strength rating of A+ for Midland National. This rating is the fifth highest of 19 possible rating categories. The rating reflects the organization's strong business profile, low financial leverage, very strong statutory capitalization and strong operating profitability supported by strong investment performance. For more information, read the Fitch Ratings report.

Fitch Ratings

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Ratings shown reflect the opinions of the rating agencies and are not implied warranties of the company's ability to meet its financial obligations. The above ratings apply to Midland National's financial strength and claims paying ability. These ratings do not apply to the safety or performance of the variable separate accounts which will fluctuate in value.

1 A.M. Best is a large third party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and the ability to meet its obligations to policyholders. A+ is the second highest out of 15 categories and was affirmed for Midland National Life Insurance Company as part of Sammons Financial Group on August 2, 2018. For the latest rating, access www.ambest.com.

2 Sammons Financial Group® is comprised of North American Company for Life and Health Insurance®, Midland National® Life Insurance Company, including its divisions Sammons® Corporate Markets Group, Sammons Retirement Solutions®, Inc. and Sammons Financial Network®, LLC, member FINRA.

3 The Ward's 50 Benchmark Group placement is derived from an in-depth analysis completed by the Ward Group, a Cincinnati-based management consulting firm specializing in the insurance industry.