NEW YORK, NY — July 12, 2022 — Global Atlantic Financial Group, a leading financial services company, today announced that its subsidiary, Forethought Life Insurance Company, has been named a Ward’s 50® top life and health insurance company for the fourteenth consecutive year. Forethought Life Insurance Company is the primary issuer of annuities and preneed life insurance products for Global Atlantic.
“We are honored to be included in the 2023 Ward’s 50 and take pride in our string of 14 consecutive years on the list,” said Rob Arena, Co-President of Global Atlantic and Head of Individual Markets. “We consistently manage the business with the highest levels of integrity for our clients, and this recognition validates our approach.”
Annually, Ward analyzes the financial performance of more than 700 life and health insurance companies in the United States based on publicly available data to identify the top performers. Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the course of five years.
Insurance companies must pass minimum thresholds of assets and return levels, among other metrics, to be considered for the Ward’s 50® designation. Ward’s 50® companies outperform the industry and report more favorable statutory return on average equity, lower lapse ratios, greater growth in policyholder surplus, and lower expenses relative to net premiums.
Ward, an Aon company, is the leading provider of benchmarking and best practices studies for the insurance industry. It has conducted the Ward's 50® analysis since 1991. For more information about the Ward’s 50® analysis and methodology, go to ward.aon.com.
About Global Atlantic
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).
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