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