For nearly 70 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.

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Our Story By the Numbers.

Approximately 96% 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 highly liquid and well diversified with approximately 96% investment grade corporate bonds and very highly rated structured securities.1

1.3 Million 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.1

New Coverage Ranks Us in the Top Five

Legal & General America is a top five provider of term life insurance in the US, issuing more than $58 billion in new coverage in 2018. We also issued approximately $844 million in new annuity contracts in 2018 to over 20,500 annuitants. 2

$734 Billion of Coverage In Force

Legal & General America is growing; our life insurance in force is over $734 billion.1

Over $5 Billion in Assets

Another testament to our financial strength, the Legal & General America operating companies has over $5 billion in assets at year-end 2018. 3

Capitalization is More Than Double the Industry Average

The capitalization level of a company is particularly meaningful because it measures a company's solvency. It assesses the level of a company's assets available to pay future liabilities; such as current and future policyholder benefits. 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 23.6%, more than double the industry average of 11.7%.4

  1. Year-end 2018
  2. Top five term life ranking based on coverage in the brokerage channel,
    2018 LIMRA US Retail Individual Life Insurance Sales By Channel
  3. Statutory Returns 2018
  4. Year-end 2018 ALIRT Insurance Research
  5. 2017 non-banking assets, 2019 study, A.M. Best
  6. Conversions for year-end 2018, FX 1 GBP = USD 1.23

2018 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.

8th Largest in the World

Legal & General Group, Plc is the 8th largest insurance company in the world, as measured by assets under management.5

10 Million Worldwide Customers

That's the number of people who rely on L&G for life insurance, pensions, investments and general insurance plans.1

$1.3 Trillion of Managed Assets

Legal & General is one of the world’s largest insurance and investment management groups, with total assets under management of $1.3 trillion as of December 31, 2018.6

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 2018 including "Best Term Assurance Provider" at the Investment Life & Pensions Moneyfacts Awards."

We are proud of our exceptional ratings

for overall financial strength.


Superior Rating


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. In November 2018, A.M. Best reaffirmed the A+ (Superior) rating for Banner and William Penn. The review noted, "LGA maintains a strong competitive position in the term life market” and “the strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR).


Very Strong Rating

Standard & Poor's
Fitch Ratings

Standard & Poor's and Fitch Ratings 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. In July 2018, Standard & Poor’s reaffirmed the AA- (Very Strong) financial strength rating we share with our parent company, assessing our operations as “core” to Legal & General Group.

In May 2018, Fitch Ratings reaffirmed the Insurer Financial Strength (IFS) ratings for Banner and William Penn, at AA- (Very Strong).

Download the S&P Report

Download the Fitch press release




The COMDEX is a composite score ranging from 1-100, which averages all of the financial strength ratings a company has received.