Wellabe Receives Affirmation of Excellent Financial Strength Rating From AM Best

BY Business Wire | CORPORATE | 05/14/24 09:00 AM EDT

With the strongest confidence level on its balance sheet, Wellabe remains well-positioned to fulfill the company?s promise to always be here

DES MOINES, Iowa--(BUSINESS WIRE)-- The independent credit rating agency AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the stable outlooks for Wellabe, Inc.?s six insurance company subsidiaries.

?This affirmation demonstrates our excellent financial foundation and commitment to always be here for our customers. That?s been our promise for 95 years and will continue to be as we fulfill our vision to be the most trusted provider of health and wealth solutions in an increasingly connected world,? said Dave Keith, chief executive officer of Wellabe.

According to AM Best, the rating affirmations of Wellabe?s insurance company subsidiaries reflect the group?s balance sheet strength, which AM Best categorizes at the strongest confidence level. The stable outlooks reflect the continued expectation of Wellabe's balance sheet strength, supported by its risk-adjusted capitalization, which is also expected to remain at the strongest level.

?Our legendary ride is more than a testament to success and resilience ? it is an adventure filled with growth, opportunity, and innovation, made possible by the talents, time, and passion of Wellabe?s team members,? Keith said.

AM Best is a global credit agency, news publisher, and data analytics provider celebrating 125 years specializing in the insurance industry. The company is the world?s oldest and most authoritative insurance rating and information source. For the latest Best?s Credit Ratings, access www.ambest.com.

About Wellabe

Let's do more, worry less, and make every day better. Since 1929, we have provided insurance solutions to help our customers protect their health and financial well-being. Every day we show we care through our shared values and doing what?s right. We?ll always be here helping people be well so they can prepare for tomorrow and live better today. Learn more at wellabe.com.

Source: Wellabe

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