ELCO Mutual Receives Financial Strength Rating Upgrade From A.M. Best

ELCO Mutual Receives Financial Strength Rating Upgrade From A.M. Best
June 30, 2023

ELCO Mutual receives financial strength rating upgrade from A.M. Best.

ELCO Mutual Life & Annuity (ELCO) has been upgraded to B++ by A.M. Best. This financial strength rating (FSR) is assigned to insurers that have, in A.M. Best’s opinion, a good ability to meet insurance obligations.*

President & CEO of ELCO David Bruce said:

“We are pleased to receive our B++ rating from A.M. Best, the insurance industry’s leading rating agency. This upgrade recognizes management’s successful execution of several of the company’s key strategic initiatives, the value of ELCO’s agent partnerships, and the exceptional customer service provided by our experienced staff.”

ELCO is an industry leader in sales of Medicaid Compliant Annuities as well as providing life and annuity products for retirement and estate planning. A mutual company serving customers for over 77 years, ELCO will continue to cultivate, nurture, and enhance long-standing relationships with insurance professionals and policyholders by being a trusted partner providing tailored solutions to achieve financial goals.

*The B++ rating represents the higher end of the Good category and is the 5th highest of 13 ratings on A.M. Best’s FSR scale.

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