AM Best Affirms Credit Ratings of Puritan Life Insurance Company

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AM Best has removed Puritan Life Insurance Company of America's credit ratings from under review with developing implications and affirmed the company's Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Rating of 'bbb' (Good). The outlook assigned to these ratings is stable. The ratings reflect Puritan's strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise risk management, which remain unchanged under the company's new ownership by Amistad Financial Group.

Why it matters

The affirmation of Puritan's credit ratings under its new ownership structure provides reassurance to the company's policyholders and business partners about its financial stability and risk management practices, which are important factors in the insurance industry.

The details

AM Best's decision to remove Puritan's ratings from under review and affirm them comes after Amistad Financial Group, LLC completed its acquisition of the company in the fourth quarter of 2025. Puritan continues to utilize affiliated reinsurance with Heritage Life Insurance Company, which was also acquired by Amistad. Amistad focuses on life insurance business.

• Amistad Financial Group, LLC completed its acquisition of Puritan Life Insurance Company in the fourth quarter of 2025.