Global Atlantic’s Forethought Life Insurance Company named to Ward’s 50 top life and health performers
Company named to list for seventh consecutive year
Indianapolis, IN — Global Atlantic Financial Group’s issuer of annuities and preneed life insurance, Forethought Life Insurance Company, has earned a spot on the 2016 Ward’s 50® list of top life and health insurance companies. This is the seventh consecutive year that the insurer has been included on this list.
Ward’s 50 is published annually by Ward Group, an Aon Hewitt company and the leading provider of benchmarking and best practice services for insurance companies.
“Having one of Global Atlantic’s insurance companies continuously named to the 2016 Ward’s 50 for the last seven years is a testament to our strength and strategic direction,” said Robert Arena, President of Global Atlantic’s retirement and life businesses.
As the company that pioneered preneed life insurance for funeral and memorial planning has expanded into new businesses, it has retained a focus on its roots, as well as the ethics and financial discipline that have established it as a perennial member of the Ward’s 50. No other preneed carrier has been named to the list each of the last seven years.
In naming the recipients annually, Ward Group adheres to an objective methodology based on financial and performance metrics analyzing nearly 800 companies over five consecutive years. To be considered for the Ward’s 50® designation, insurance companies are evaluated and must pass minimum thresholds of assets and return levels, among other metrics. Each Ward's 50® company has also passed all safety and consistency screens and achieved superior performance over the five years analyzed.
Ward Group has conducted the Ward's 50® analysis for 25 consecutive years based on publicly available data and conducted independently of the Ward Group annual benchmarking programs.
About Global Atlantic
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management, alongside a strong financial foundation of over $45 billion in assets.
Annuities are issued by Forethought Life Insurance Company, 300 North Meridian Street, Suite 1800, Indianapolis, Indiana. Variable annuities are underwritten and distributed by Global Atlantic Distributors, LLC.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations.