SWBC Life Insurance Company and SWBC Property and Casualty Insurance Company (SWBC P&C) have both had their A- (Excellent) financial strength ratings reaffirmed by AM Best, with a Stable Outlook. This recognition underscores the companies’ strong balance sheets, prudent risk management, and long-term financial stability.
SWBC Life maintained its rating thanks to a solid track record in credit insurance and reinsurance, along with strong enterprise risk oversight. SWBC P&C, recently bolstered by a successful merger, received the same rating following AM Best’s assessment of its improved scale, diversification, and financial resilience.
“We are proud to see both SWBC Life and SWBC P&C independently validated by AM Best at this level,” said Joan Cleveland, President and CEO of SWBC Life and EVP of SWBC P&C. “We are super excited about the future and remain committed to delivering the high level of service and security our clients expect.”
Jim Pangburn, President and CEO of SWBC P&C, added, “Maintaining strong ratings is always at the forefront of our thinking, planning, and execution. It’s a testament to our disciplined management and focus on long-term client security.”
These ratings further strengthen SWBC’s market position as it continues to grow and serve clients across the insurance landscape.
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