Financial strength ratings

A financial strength rating from a credit rating agency is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. Ratings are based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.
Benefact Group plc maintains an interactive relationship with credit rating agencies Standard & Poor’s (S&P) and AM Best. The table below lists the current financial strength ratings from each rating agency.


 Financial strength

 Last update


 S&P A- Affirmed June 2020 Stable
 AM Best A Affirmed May 2020 Stable

Rating agencies use different terms to describe their rating categories. Our rating from S&P is in their 'strong' category and our rating from AM Best is in their 'excellent' category.