September 21, 2016
A.M. Best Affirms Ratings of SSQ, Life Insurance Company Inc.
For the fifth consecutive year, A.M. Best Co., an international credit ratings agency focused on the insurance sector, has affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of SSQ, Life Insurance Company Inc. The outlook for both ratings is stable.
These ratings are grounded in SSQ’s enviable market position. In its analysis, A.M. Best highlighted SSQ’s dominant standing in Quebec’s group insurance sector, consistent and solid earnings as well as adequate levels of capitalization.
"A.M. Best’s decision reflects the stability and financial strength of our company,” declared Jean-François Chalifoux, CEO of SSQ Financial Group. “Through operational efficiency and capital optimization, SSQ has shown its willingness to innovate, while remaining focused on its clients’ needs and adapting to changes in the industry.”
For more information about A.M. Best, please refer to the ambest.com website.
About SSQ Financial Group
With $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada. The Group serves over 3 million customers and employs 2,000 individuals. SSQ Financial Group is recognized for its leadership in the group insurance industry and excellence and expertise in the investment sector. SSQ Financial Group has also made its mark through sustained growth in the general insurance and individual insurance markets.