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FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 20, 2026 03:58 PM (EDT)
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Heartland National Life Insurance Company (HNL) (Indianapolis, IN).
The Credit Ratings (ratings) reflect HNL’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management. The company increased both their absolute and risk-adjusted capitalization within second-quarter 2026, through the partial acquisition by Lightstone and an accident and health (A&H) reinsurance transaction with Leaders Life Insurance Company. These developments should alleviate many of the company’s capital concerns surrounding new business strain. The company has demonstrated its commitment to maintaining ample capital levels as it continues to expand its A&H and annuity businesses. HNL also plans on ceding less risk to its reinsurance counterparties as in-force earnings are realized and contribute to capital growth.
The company also has a diversified product portfolio and is writing profitable business in excess of strain. HNL’s risk management program has also improved and continues to develop.
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 (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) 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.