Financial Ratings
About North American Company
North American Company for Life and Health Insurance® is a privately held insurance company and a member of Sammons Financial Group, Inc. Based in West Des Moines, Iowa, the company has operated for over a century, offering a wide range of insurance and annuity products. It is known for strong financial stability, customer-focused service, and commitment to long-term policyholder security. North American is an employee-owned company that has consistently earned high ratings from third-party agencies for its claims-paying ability and operational performance.
Product Lineup
American Equity AssetShield Bonus 5 - Option 2
Fixed Indexed AnnuityFixed index annuity with premium bonuses up to 7% and market protection
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AnnuityFixed rates guaranteed for 3-10 years with tax-deferred growth
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Multi-Year GuaranteedFixed rate guaranteed for 3-10 years with tax-deferred growth
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AnnuityFixed Rates + Tax-Deferred Growth. Choose 3-10 Year Guarantees.
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AnnuityGuaranteed growth with flexibility and choice
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Fixed Indexed AnnuityGrowth potential with downside protection plus lifetime income flexibility
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Fixed Indexed AnnuityFixed index annuity with principal protection and lifetime income options
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Fixed Indexed AnnuitySmart market entry + growth potential with principal protection
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Details →Financial Ratings
Live from CANNEXRating Agency
A.M. Best
Rating
A+
Description
Superior
Effective
March 19, 2018
Rating Agency
Fitch
Rating
A+
Description
Strong
Effective
March 19, 2018
Rating Agency
Moody's
Rating
Aa3
Description
Excellent
Effective
June 1, 2023
Rating Agency
Standard & Poor's
Rating
A+
Description
Strong
Effective
March 19, 2018
Rating Analysis
Independent financial strength ratings provide insight into an insurer’s ability to meet its ongoing policyholder and contractual obligations. North American Company holds A+ ratings from A.M. Best, S&P Global Ratings, and Fitch Ratings, each placing the company within the top tier of insurers. These high marks reflect strong capitalization, consistent profitability, low financial leverage, and prudent investment performance. The A+ rating from A.M. Best (affirmed August 13, 2024) indicates a “Superior” ability to meet long-term obligations. S&P Global Ratings and Fitch Ratings both affirmed their A+ ratings in May and June 2024 respectively, citing North American’s stable operating outlook and strong market position. These ratings are not guarantees, but they are a reliable indication of the company’s current financial health and long-standing track record.
North American Company Products
Fixed Indexed Annuities
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View Products→Multi-Year Guaranteed Annuities
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View Products→Immediate Annuities (SPIA)
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View Products→Deferred Income Annuities (DIA)
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