Wealth Management Wire
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • Home
  • »
  • Stories
  • »
  • 2018
  • »
  • September

Midland National receives its 3rd consecutive Ward's Top 50 ranking

by Carol Ostrow | Sep 13, 2018

Criteria for earning this distinction relate to a five-year record of outstanding operation.
Criteria for earning this distinction relate to a five-year record of outstanding operation. | Contributed image

Achieving a Ward’s Top 50 list for the third successive year, Midland National recently earned status among the nation's highest-performing life and health insurance companies, surpassing hundreds of contenders for its safety and consistency.

Criteria for earning this distinction relate to a five-year record of outstanding operation; this year’s recognitions acknowledged the span between 2013 and 2017 for the 700 businesses considered for the honor.

“Midland National has built upon its success by continuing to emphasize providing quality products and excellent service,” President and Chief Operating Officer Steve Palmitier said. “Our naming to this year’s list serves as further validation that our company has maintained its ability to meet stakeholder obligations.”

Midland’s inclusion in Ward’s Top 50 list signifies three consecutive years for this award, and also marks its third commendation this year, having followed an affirmation of Midland National’s A+ financial strength rating in June 2018 from Fitch (scoring as the fifth-highest out of 19); and an additional rating among the Top 10 indexed annuity carriers for 2018’s first quarter according to the Wink's Inc. Quarterly Indexed Sales & Market Report.

Additionally, Fitch awarded Midland’s parent company Sammons Financial Group with an A- in long-term Issuer Default Rating this year for “strong operating profitability [demonstrating] good relative earnings stability, driven by improving investment yields, good spread management and growing assets under management.”




More News

CHARLES SCHWAB: Put 2021 on the Fast Track with a Financial Fartlek

GENWORTH FINANCIAL: Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

GREAT WESTERN BANK: A Stronger Commitment to Our Customers

ROBERT W. BAIRD & CO. INCORPORATED: Baird BOS Serves as Financial Advisor to Halma in Sale of Fiberguide to Molex

PRINCIPAL FINANCIAL GROUP: January economic outlook: an economy that’s treading water—and why it matters for your wallet

ROBERT W. BAIRD & CO. INCORPORATED: Baird and Huntington Announce Joint Marketing Arrangement for Real Estate Investment Banking

Trending

GENWORTH FINANCIAL: Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

by Press release submission | Jan 8, 2021

GREAT WESTERN BANK: A Stronger Commitment to Our Customers

by Press release submission | Jan 1, 2021

ROBERT W. BAIRD & CO. INCORPORATED: Baird BOS Serves as Financial Advisor to Halma in Sale of Fiberguide to Molex

by Press release submission | Jan 1, 2021

CHARLES SCHWAB: Put 2021 on the Fast Track with a Financial Fartlek

by Press release submission | Jan 8, 2021

  • Copyright © 2025 Wealth Management Wire. All rights reserved.

  • News
  • About
  • Contact
  • Privacy Policy
  • Terms of Service

Alerts Sign-up