Greg Ness, Chairman
Updated September 2020
The unique nature of the COVID-19 crisis is creating significant volatility — positive and negative — in the stock market alongside an unprecedented decline in interest rates and economic uncertainty.
The Standard is taking steps to protect and grow our business operations, safeguard the health of our employees and continue meeting the needs of our customers. Our focus has not changed — we will provide the best possible experience for those who rely on our products and services.
Our company was founded in 1906 and our fiscally prudent management approach has helped us navigate through significant volatility and unforeseen events to ensure we can keep our financial commitments. This approach is built on the strength of our disciplined financial practices, our sound investment strategies, our unique mix of high-performing businesses and our industry expertise.
Standard Insurance Company
Financial Strength Ratings
|Standard & Poor's||A+||(Strong)||5th of 20 ratings|
|Moody's||A1||(Good)||5th of 21 ratings|
|A.M. Best*||A||(Excellent)||3rd of 13 ratings|
As of August 2020
* Rating includes The Standard Life Insurance Company of New York
The Standard Stands the Test of Time
In the July 2020 issue of Best’s Review, A.M. Best Company recognized Standard Insurance Company for maintaining a financial strength rating of “A” or higher each year since 1928, the first year of A.M. Best’s ratings. The Standard was honored to be among one of only eight life and health insurers to achieve an “A” rating or higher for each of the past 92 years. Given rapidly evolving markets, changing customer needs and challenging economic times, we are proud of this longstanding track record of financial strength.