FOR IMMEDIATE RELEASE: MIDLAND NATIONAL ‘S S&P RATINGS AFFIRMED
August 27, 2013 by Judy Thorpe, Director, Marketing Communications, Sammons Financial Group Member Companies
WEST DES MOINES, IA – August 26, 2013 – Even with the challenge in today’s low interest rate environment and continued economic uncertainty, Midland National Life Insurance Company remains a strong performer. As evidenced by their ratings, Midland National’s S&P rating was recently affirmed as A+ (Strong), and retained its stable outlook as of July 11, 2013. And in May, the company’s A.M. Best rating was also confirmed as A+ (Superior), a rating they have maintained since 1979.
The S&P report stressed both the strength and consistency of Midland National’s performance relative to its peers, thanks to a well-balanced portfolio. The “high quality and liquidity of the company’s investment portfolio and its stable insurance liability structure” also contributed to the company’s strong rating, according to the S&P report.
“We are proud of our continued strong ratings. They are a key component to ensuring our long-term commitment to policyholders and their retirement values,” commented Cindy Reed, President, Annuity Division. “Our agents recognize the importance of our long-term perspective and commitment to interest rate integrity.”
About Midland National
Midland National Life® Insurance Company recently ranked as having one of the top Multi-Year Annuities as published by Barron’s, Top 50 Annuities, on 05-27-13. Midland National is a leading provider of Fixed Index Annuities in the U.S. and is member company of Sammons Financial Group, Inc. (SFG) the parent of a group of member companies affiliated under the insurance Holding Company Act, including several successful financial services companies offering a variety of financial and retirement products through multiple distribution channels. With production, product development, management and operations based in West Des Moines, Iowa, Sammons Annuity Group, a division of Midland National, manufactures and distributes annuity and life insurance products through over 17,000 independent agents in 49 states and the District of Columbia. For more information, contact Judy Thorpe at 515-327-5816 or jthorpe@sfgmembers.com, 4350 Westown Parkway, West Des Moines, IA 50266.
18870Y | PRT 08-13