Banner Life Insurance Company
3275 Bennett Creek Avenue
Frederick, MD 21704
(800) 638-8428
parent company: Meiji Yasuda Life Insurance Company
note: Banner Life insures in 49 states, including D.C. William Penn solely operates in New York state
Website: Legal & General America
Form: Stock
NAIC company code: 94250
Assets: 10,385,805 (in thousands)
Liabilities: 9,748,798 (in thousands)
Independent Ratings
A.M. Best A+ 2nd of 15 rankings
Standard & Poor’s A+ 5th of 20 rankings
Moody’s Not Rated
Fitch AA- rating “very strong”
Comdex 91 Comdex is a composite ranking of an insurer’s ratings.
Fitch Places Banner Life and William Penn on Ratings Watch Negative on L&G’s Planned Disposal, February 13, 2025
A.M Best: Places Credit Ratings of Banner Life Ins. Co.and William Penn Life Ins. Co. of NY Under Review With Developing Implications, February 14, 2025
In New York: William Penn Life Insurance Company of New York, under Legal & General America
L & G announces the sale of its US term life business to Meiji Yasuda, February 7, 2025
Sean Drummey
telephone: (910) 328-0447
email: spdrummey@gmail.com
Assets and Liability information is current as of December 31, 2023
Ratings are current as of 3/3/2025
updated: 3/10/2025 ratings subject to change