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At Great American, we understand the importance of retirement security. With medical advances in health care leading to increased longevity, it's possible your clients’ retirements may last longer than 30 years. That's why it's important to work with a company that has long-term financial strength and experience.
With a heritage dating back to 1872, we have a long history of helping people achieve their financial goals. Great American Life Insurance Company® is a subsidiary of American Financial Group (AFG), which is publicly traded on the New York Stock Exchange. AFG has more than $60 billion in assets.
Hundreds of thousands of individuals have entrusted a piece of their retirement to Great American. Since 2000, Great American Life has paid more than $7 billion in guaranteed income benefits to our valued contract owners, including more than $800 million in 2018.
We are committed to simplifying the path to financial security with annuities that are easier to understand and superior service every step of the way.
While many insurance companies have seen their ratings fluctuate, Great american Life received:
We are proud that Great American Life has received an "A" or higher rating by A.M. Best for more than 40 consecutive years. This rating indicates an "excellent ability to meet our ongoing obligations to policyholders."
AFG assets are on a GAAP basis as of December 31, 2018.
The guaranteed income benefit amount includes annuity benefit payments under immediate and deferred annuities, income benefit payments under guaranteed withdrawal benefit riders and contract withdrawals taken by owners after their rider benefit payments began.
A.M. Best rating of “A” (Excellent) affirmed September 11, 2019 and is third highest of 16 ratings. S&P rating of “A+” affirmed March 14, 2019 and is fifth highest of 22 categories.
Annuity premiums are measured on the basis used to prepare statutory annual statements.
Fixed income investments comprise an industry average of 79% of invested assets according to SNL Financial—Life/Health US Version 2018 as of December 31, 2018.