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Who owns North American company?

About North American. As a leading provider of life insurance and annuities in the United States, North American has fulfilled commitments to our customers since 1886. Families and businesses have trusted North American to be there during their most challenging times and to help prepare them for the good times ahead.

What happened to North American Life insurance Company?

Amalgamation. In 1992, North American Life posted a 25% fall in profits as a result of higher health insurance claims and lower investment income from its real estate and equity portfolios. In 1996, the company amalgamated with The Manufacturers Life Insurance Company to form Manulife Financial.

Who owns North American Life?

Fitch Ratings, a global leader in financial information services and credit ratings, assigned on December 7, 2022, an Insurer Financial Strength rating of A+ Stable for North American.

Is North American a good company?

Since 1886, North American has been helping people protect their loved ones and financial futures. Weve faced historic hardships, from the Great Depression to the Great Recession of 2008. Through it all, we have grown and continued to maintain our strong partnerships.

What is the rating of North American insurance company?

North American is an insurance company specializing in life insurance and annuities that has been in business since 1886. They are a company with excellent financial stability, receiving an A or better rating from A.M. Best every year for over 50 years.

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