Change Text Size
 
   About Us
  • Corporate Profile
  • History
  • Financial Strength
  • Corporate Structure
  • Corporate Citizenship
  • Careers
Financial Strength


Despite the global credit crunch and unprecedented economic pressures, William Penn Life Insurance Company of New York remains among the most financially sound life insurers. Our conservatively positioned and prudently managed investment portfolio has served us well during these difficult times. William Penn’s portfolio has no exposure to direct mortgage loans, collateralized debt obligations, collateralized loan obligations, credit default swaps, owned real estate or equities investments. What we do own is a highly liquid, well-diversified investment grade corporate bond and very highly rated structured securities portfolio.

William Penn remains well positioned to weather the economic storm and will continue to operate in a financially responsible manner. We intend to be here for the long run, to honor our promises to all our customers and to remain positioned as a highly rated company.

A.M. Best rates both companies, Banner Life Insurance Company and William Penn Life Insurance Company of New York, A+ (Superior) for financial strength and operating performance. To see a copy of the current A.M. Best brochure which provides information on our rating, click hereThe Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of William Penn Life Insurance Company of New York's products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best’s Rating Reports are copyright A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this website are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited. Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best website, www.ambest.com..


Both Banner Life and William Penn Life Insurance Company of New York hold an AA- (Very Strong) financial strength rating from Standard & Poor’s.

At year-end 2012, on a statutory basis, William Penn had: