September 21 2018
SSQ, Life Insurance Company Inc. obtains positive credit ratings from A.M. Best
Specializing in the insurance sector, the international credit rating agency A.M. Best amended its ratings outlook for SSQ, Life Insurance Company Inc., upgrading them from stable to positive. Moreover, the financial strength rating of “A- (Excellent)” and an issuer credit rating of “a-” were upheld.
“Financial stability and strong performance are a priority for SSQ Insurance. Year after year, A. M. Best acknowledges our steadfast diligence and consistency and we are delighted that our efforts are recognized in this way. The positive outlook is a testament to our commitment to our members, customers and partners to always do better,” said Jean-François Chalifoux, Chief Executive Officer of SSQ Insurance.
SSQ Insurance’s strong capitalization, consistent and strong earnings, and its leading position in Quebec’s group insurance industry are some of the factors outlined by A.M. Best in its decision.
For more information, please refer to the press release published by A.M. Best.
About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With assets under management of $12 billion, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs 2,000 people. Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector.