News & Press Releases
Everlake Life Group Rated A (Excellent) by AM Best
On May 9, 2024, AM Best downgraded the Financial Strength Rating to A (Excellent) and the Long-Term Issuer Credit Rating to a+ (Excellent) for Everlake Life insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life). These ratings reflect Everlake Life’s balance sheet strength, which was assessed as “very strong,” as well as its “strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).” AM Best also revised Everlake Life’s outlook from negative to stable.
For the AM Best press release, please click here.
For the latest Best’s Credit Rating, please click here.
On March 15, 2023, AM Best reaffirmed the A+ (Superior) Financial Strength Rating and the aa- (Superior) Long-Term Issuer Credit Rating for Everlake Life insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life). These ratings reflect Everlake Life’s balance sheet strength, which was assessed as “very strong”, as well as its “strong operating performance, favorable business profile and appropriate enterprise risk management.” AM Best also revised Everlake Life’s outlook from stable to negative. The revised outlook reflects the challenges Everlake Life faces as a newer entrant into the increasingly competitive life and annuity consolidation market.
For the AM Best press release, please click here.
For the latest Best’s Credit Rating, please click here.
On May 24, 2022, the Association of Life Insurance Counsel (ALIC) elected Angela Fontana as President for 2022-2023. This position recognizes Angela’s skill as a leader as well as her depth of knowledge on insurance legal issues. Angela is the “ideal leader to help us achieve success,” said ALIC Executive Director Kate Brunswick.
For the detailed press release, please click here.
On March 4, 2022, AM Best affirmed the A+ (Superior) Financial Strength Rating and the aa- (Superior) Long-Term Issuer Credit Rating for Everlake Life insurance Company and Everlake Assurance Company. These ratings reflect Everlake’s balance sheet strength, which was assessed as “very strong”, as well as its “strong operating performance, favorable business profile and appropriate enterprise risk management.”
For the detailed press release, please click here.
For the latest Best’s Credit Rating, please click here.
Everlake will leverage NTT DATA’s global insurance digital platform to maintain the high quality of service to which Everlake customers are accustomed
The Allstate Corporation (NYSE: ALL) today announced that it has closed the sale of Allstate Life Insurance Company (ALIC) and certain subsidiaries to entities managed by Blackstone for total proceeds of $4 billion, which is inclusive of Blackstone’s approximately $2.8 billion purchase price, as well as increases in statutory surplus since March 31, 2020.
The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion.
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Through life’s twists and turns, we are there. With heritage back to 1957 through the acquisition of Allstate Life Insurance Company, we’ve been taking care of our customers and honoring our promises when they need it most.
