AM Best has affirmed the A (Excellent) financial strength ratings with a stable outlook for Wellabe’s six insurance company subsidiaries. According to AM Best, the ratings and outlook reflect the group’s balance sheet strength, assessed at the strongest confidence level, and its risk-adjusted capitalization, expected to remain strong.

“AM Best’s affirmation reinforces our financial strength and gives customers confidence we will fulfill our promise to always be here for them,” said Dave Keith, Chief Executive Officer of Wellabe. “It’s a commitment we’ve kept for 97 years and will continue to uphold.”

AM Best also noted innovation is embedded in Wellabe’s culture and is being leveraged by the company to generate long-term growth, streamline operations, reduce costs, create customer value, and increase employee engagement. 

“We’re proud AM Best recognizes both our financial strength and innovation driving strong growth in sales and customers served,” Keith stated. “Our team is focused on delivering value for customers and distribution partners while positioning Wellabe as the brand of choice and leading digital insurer.”

AM Best is a global credit agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For the latest Best’s Credit Ratings, visit ambest.com.