Amalgamated Life Insurance Company Achieves 46th AM Best “A” (Excellent) Rating


WHITE PLAINS, NY, September 29, 2021 / PRNewswire / – Amalgamated life insurance company (www.amalgamatedbenefits.com), a leading provider of comprehensive insurance solutions, has won its 46e consecutive grade “A” (Excellent) from AM Best Company, a full-service credit rating agency dedicated to serving the insurance industry. The “A” rating attests to the stable outlook and financial soundness of the company. This rating is used by employers, plan sponsors, brokers and consultants when selecting an insurance resource.

Amalgamated life insurance company President and CEO Paul Mallen said, “We have consistently adhered to high standards in all areas of our operations, from financial management to customer service and claims payment. we get through continuous benchmarking against key performance indicators. This, combined with prudent financial and investment strategies, has enabled Amalgamated Life to maintain excellence in all of our operations.

This leadership is reflected in the measures implemented by Mallen and his management team during the pandemic. The company consolidated and redesigned its head office in white plains, achieving cost savings, a more efficient workspace and employee well-being goals. Achieving these goals has a direct impact on the company’s employees and on the valuable services it provides to customers and their members.

On Amalgamated life insurance company

Founded in 1943, Amalgamated life insurance company has since grown into a leading provider of comprehensive insurance solutions operating in all 50 states and the District of Columbia. The Company offers competitive group products, including term life insurance, medical life insurance, disability and specialty drug products, as well as voluntary products such as accident, accidental death and dismemberment, critical illness, dental, disability, hearing, identity theft, legal and portable services. Term life and whole life, among others. Since 1975, Amalgamated life insurance company has always obtained an “A” (excellent) rating from AM Best Company attesting to its solid budgetary position. The Company is a member of the Amalgamated Family of Companies; who also includes: a third party administrator, the amalgamated benefits administrators; Amalgamated Medical Care Management, a medical care management company; Merged agency, a damage broker; and AliGraphics, a printing company.

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