As one of the leading providers of life insurance and annuities in the United States, North American has continuously fulfilled commitments to our customers since 1886. Families and businesses alike have counted on us to be there for them during their most challenging times, and to help prepare them for the good times ahead. We have been doing this for nearly 130 years through outstanding customer service, competitive insurance and retirement solutions, and a foundation of financial strength. This unwavering commitment helps our customers focus on the things that matter most to them.
Independent Ownership Keeps the Focus on Customers
North American offers something that is unusual in the insurance industry: we are privately owned. This means we are not subject to short-term earnings pressures often faced by publicly traded companies. This kind of ownership creates an atmosphere where personal, efficient service is our priority.
We are part of Sammons Financial Group, Inc. (SFG), whose member companies offer a diverse portfolio of products, including life insurance, annuities, and retirement solutions. SFG's parent company, Sammons Enterprises, Inc., is a diversified holding corporation that owns and operates businesses across a diverse range of industries and ranks among the largest privately-owned companies in the United States.
North American backs its commitment to our customers by following a disciplined and conservative investment strategy. We closely monitor our investments, maintain a balanced and diversified portfolio, and maintained a strong capital position through stormy economic periods. Our bottom line is the bottom line when it comes to honoring the financial commitments we make to our customers.
As a privately held company, we are not driven by short-term earnings pressures. We plan for the long term, which has resulted in consistently strong performance throughout the years – withstanding even the toughest times of economic downturn.
• More than 559,000 life insurance and annuity policies held
• More than $18 billion in assets
• 94.1% of our bond investments are investment grade according to the NAIC Quality Rating
• $110.5 billion life insurance in force
*As of December 31, 2015
A Top-Ranked Workplace
In 2016, our parent company, Sammons Financial Group, was named a Top Workplace in Iowa.
1 Ranked No. 77 on Forbes' 2015 List of America's Largest Private Companies. The list includes 216 privately-held companies with revenues of more than $2 billion.
Employees of the member companies of SFG do not include independent insurance producers, agents, writing agents, general agents, distributors, registered representatives, regional sales directors, managing general agents or broker-dealers appointed with or affiliated with any member company of SFG.
Sammons Financial Group is comprised of North American Company for Life and Health Insurance®, Midland National® Life Insurance Company (including its divisions, Sammons Annuity Groupsm and Sammons® Corporate Markets Group), Sammons Retirement Solutions®, Inc. and Sammons Financial Network®, LLC, a member of FINRA.