For over 65 years, we've been in the business of providing

financial protection for American families.

Legal & General America is financially strong, fiscally responsible and committed to the business practices that will allow us to keep our promises to you. Keeping life insurance affordable, protecting your retirement, and providing high quality, efficient customer service are just the fundamentals for us.

Download our financial strength brochure

Our Story By the Numbers.

94% Investment Grade Portfolio

The Legal & General America operating companies are among the most financially sound life insurers. Our investment portfolio is conservatively positioned and prudently managed. It's made up of highly liquid, well-diversified, 94% investment grade corporate bonds, very highly rated structured securities, and commercial mortgage loans.2

Nearly 1,140,000 U.S. Customers

That's the number of policy owners counting on us to help provide financial security for the people they have so carefully chosen to protect.2

New Coverage Ranks Us 5th In U.S.

We issued more than $50.1 billion in new coverage in 2015. That ranked us 5th in the U.S., higher than many life insurance companies with more familiar names.1

$658 Billion of Coverage In Force

Legal & General America is growing; our life insurance in force is $658 billion big.2

Over $7.3 Billion In Assets

Another testament to our financial strength, the Legal & General America operating companies had over $7.3 billion in assets at year-end 2015.3

Capitalization is Nearly Triple Industry Average

The capitalization level of a company is particularly meaningful when considered in the context of the variability of the valuation of its liabilities and the variability in returns and value of its assets. On this basis, we are particularly strong. The "Pure" Capital Ratio measures the cushion a company has against a decline in the value of its assets. Our "Pure" Capital Ratio was 30%, nearly triple the industry average of 12.2%.4

Net Income of $150.2 Million

Profitability matters to the Legal & General America operating companies; our 2015 GAAP net income was $150.2 million.3


  1. Year-end 2015 LIMRA study; rankings based on survey participants.
  2. Year ending 2015.
  3. GAAP consolidated basis for year ending 2015.
  4. Industry average data derived from ALIRT Insurance Research.

2015 Financial Strength Ratings

A+ (Superior) from A.M. Best
AA- (Very Strong) from S&P
AA- (Very Strong) from Fitch
94 COMDEX score

Our Parent:
Legal & General Group

A History More Than 180 Years Strong

Founded in 1836 in London where it still has its headquarters, Legal & General Group Plc has operations in Europe, North America and Asia.

7th Largest in the World

Legal & General Group, Plc is the 7th largest insurance company in the world, as measured by assets under management.3

10 Million Worldwide Customers

That's the number of people who rely on L&G for life insurance, pensions, investments and general insurance plans.4

£842 Billion of Managed Assets

As of June 30, 2016, Legal & General Group Plc was responsibly investing £842 billion (over $1 trillion) around the world on behalf of investors, policyholders and institutions.

Financially Strong

Three of the world's leading independent rating agencies, Standard & Poor's, Moody's and A.M. Best, have recognized Legal & General Assurance Society Limited as one of the UK's top rated companies for financial strength.

Award Winning

Legal & General Group Plc received numerous commendations in 2014 including "Best Life Insurance Provider" at the Personal Touch Awards.

We are proud of our exceptional ratings

for overall financial strength.

A+

Superior Rating

A.M.Best

A.M. Best Affirms A+ Rating For L&G Group and U.S. Operations.

A.M. Best's financial strength rating is an independent opinion of an insurer's overall financial strength and ability to meet its ongoing insurance policy and contract obligations. It is based on a comprehensive quantitative and qualitative evaluation of the company's balance sheet strength, operating performance and business profile. In its August 26, 2016 press release, A.M. Best reaffirmed the A+ (Superior) financial strength rating and issuer credit ratings of aa- for Banner Life Insurance Company and William Penn Life Insurance Company of New York. Banner and William Penn are collectively referred to as Legal & General America (LGA). The outlook for all ratings is stable. The press release said that "the rating actions reflect LGA's strong competitive position in the U.S. term life marketplace, where it currently ranks eighth as measured by new term life annualized premiums for 2015."

The ratings also reflect "LGA's solid operating performance as measured on both a U.S. GAAP and International Financial Reporting Standard (IFRS) basis, which has been enhanced by LGA's efficient expense structure, its variable cost distribution network strategy and disciplined approach to mortality underwriting. A.M. Best also recognizes LGA's strategic importance to L&G, which has provided explicit support when needed to sustain LGA's new business growth."

AA-

Very Strong Rating

Standard & Poor's

Standard & Poor's Affirms Legal & General AA- Rating

Standard & Poor's has been rating the overall financial strength of insurance companies since 1971; it's one of the largest global rating organizations in the world. The Standard & Poor's review dated July 20, 2016 reaffirmed the AA- (Very Strong) rating we share with our parent company. Assessing our operations as "core" to Legal & General Group, the review says L&G Group has a "very strong competitive position as a leading annuity, protection, savings, and asset management solutions provider in the U.K., which is one of the more developed life insurance markets in Europe." The S&P report also credits L&G's "very strong capital adequacy and strong ability to source capital and liquidity" as one of the factors supporting the review." The report considers that "L&G has improved its management effectiveness and its focus on its strengths in recent years."

Download the S&P Report

AA-

Very Strong Rating

Fitch Ratings

Fitch Affirms Legal & General AA- Rating

In July 2016, Fitch Ratings reaffirmed ratings of 'AA-' with stable outlooks for Banner and William Penn (together, Legal & General America) due to its core status with the L&G Group. The ratings reflect L&G's "strong capitalisation, operational scale and market position as one of the leading UK life insurers."

Download the Fitch press release

94

COMDEX Score

COMDEX Score

A COMDEX score is a composite of all the financial strength ratings a company has received. Not many life companies have a score as high as ours.

Our highly rated, highly liquid portfolio

is 94% investment grade.

Fianancial strength pie chart

  • Total non-investment grade securities are only 15% of surplus compared to an industry average of 37%.1
  • 96% of Mortgage Backed Securities (MBS) holdings are rated AAA with 100% rated AA and above.2
  • 96% of Commercial Mortgage Backed Securities (CMBS) are rated AAA with 100% rated AA and above.2
  • Asset Backed Securities (ABS) are diversified with 90% rated A or above and 94% rated AAA.2
  • 100% of the Commercial Mortgage Loans (CML) are rated above investment grade.5
  • No exposure to equities.
  • No exposure to Collateralized Debt Obligations (CDOs).
  • No exposure to Collateralized Loan Obligations (CLOs).
  • No exposure to Credit Default Swaps (CDSs).
  • No owned real estate.

  1. Industry average data derived from ALIRT Insurance Research 2015.
  2. Securities ratings are provided by S&P, Moody's and/or Fitch.
  3. 2015 assets under management; 2016 study, AM Best.
  4. Year ending 2015.
  5. Ratings are derived by investment managers based on relevant loan and market data.