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FOR IMMEDIATE RELEASE
OLDWICK - APRIL 14, 2025 10:15 AM (EDT)
AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Family Life Insurance Company (Family Life) (Houston, Texas).
The Credit Ratings (ratings) reflect Family Life’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
Family Life was sold to JAB Holding Company s.à.r.l. (JAB). JAB is a Luxembourg private equity company. The transaction was a cash deal and closed on April 3, 2025. AM Best has placed Family Life under review with developing implications until it has had sufficient discussion with the new owners as to the direction of the company’s balance sheet strength, operating performance, profile and ERM.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.