CHICAGO, IL--(Marketwired - August 30, 2016) - Midland National® Life Insurance Company, a subsidiary of Sammons® Financial Group, celebrated its 110 year anniversary today.
"This milestone is a credit to the foundation and values that Midland National was built upon," said Steve Palmitier, president and chief operating officer of Midland National Life Insurance Company. "For more than a century, Midland National has been an industry leader because of our commitment to stability, innovation and dedicated customer service."
Since its founding in 1906, Midland National has protected families and preserved legacies with life insurance and annuity products. By focusing on long-term success and by adopting a responsible investment strategy, Midland National, a privately-held company, has routinely earned high ratings from independent reporting agencies like A.M. Best1 and Standard & Poor's2, and was named as one of Ward's 2016 top 50 life and health insurance companies. These recognitions reflect the organization's long-term investment and growth strategy.
"As we mark this landmark moment, we continue to focus on protecting our policy owners and supporting our partners," said Palmitier. "At our core, we deeply believe that today's success is a result of a deliberate and enduring strategic approach-an approach that we will continue to follow and apply as we make our second hundred years just as successful as the first."
For more information about Midland National's heritage and history, please visit https://www.midlandnational.com.
ABOUT MIDLAND NATIONAL
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National® Life Insurance Company has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in America. Midland National is a member of Sammons® Financial Group, Inc. With its Annuity Division located in West Des Moines, Iowa and its Life Operations location in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, please visit www.midlandnational.com.
1 A.M. Best is a large third party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and the ability to meet its ongoing obligations to policyholders.
2 Standard & Poor's Corporation is an independent, third-party rating ﬁrm that rates on the basis of ﬁnancial strength. The insurer Financial Strength Rating uses a scale 22 rating categories ranging from AAA (Extremely Strong) to R (Experienced Regulatory Action).