Demotech Affirms Financial Stability Rating^® Assigned to Manhattan Life Insurance Company

Columbus, Ohio, September 26, 2024: Demotech, Inc. has affirmed the Financial Stability Rating^® (FSR) of A, Exceptional, assigned to Manhattan Life Insurance Company.  This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.

FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle.  FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC).  Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.

About Manhattan Life Insurance Company

The Manhattan Life Insurance Company (MLIC) was founded in 1850 and is one of the oldest surviving life insurance companies in the country.   The company was formed in New York City and remains a New York state domiciled life and health insurance carrier that is licensed in all 50 states, Puerto Rico, the District of Columbia, and various US territories.  The company writes primarily annuity business and Medicare Supplement policies.  Please visit manhattanlife.com for further information on the company including a timeline of its 170-year history.

About Demotech, Inc.

Established in 1985, Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Demotech has served the insurance industry by providing objective and independent Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies, Life & Health insurance companies, and Title underwriters, among others. As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac, and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes. As of July 11, 2022, Demotech is registered with the U.S. Securities and Exchange Commission (SEC) as a nationally recognized statistical rating organization (NRSRO) in the class of ratings for insurance companies. Visit www.demotech.com for additional information.

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