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A.M. Best Affirms Companion Life's 'Superior' Financial Strength Rating

COLUMBIA, S.C., Feb. 7, 2011 /PRNewswire/ -- Companion Life Insurance Co. announced today that A.M. Best Co. has affirmed its financial strength rating (FSR) of A+ (Superior), reflecting the company's strong financial position and sound business practices. The company's rating outlook is "stable," A.M. Best said.

Companion Life, based in Columbia, S.C., offers a variety of group life, dental, disability, vision and other insurance products through small and large employers nationwide. The company has earned the A+ FSR from A.M. Best for 10 consecutive years.

"We are extremely proud of our continued financial strength and in our ability to provide quality insurance products and a high level of service to our policyholders and marketing partners across the country," said Trescott N. Hinton Jr., president of Companion Life. "Our A+ rating and positive outlook place us at the top of our industry, and we are positioned for continued growth in all of our markets for years to come."

Flexible product design, customer service, the introduction of innovative new products and a strong network of agents and brokers are key factors in Companion Life's consistent profitability and market share, Hinton said. Companion Life has seen substantial growth in its stop loss market in recent years.

Employers interested in more information about Companion Life and its group products may call 800-753-0404.

About Companion Life

Headquartered in Columbia, S.C., Companion Life Insurance Co. (www.CompanionLife.com) has specialized in employee benefits since 1971. The company markets life, dental, disability, accident and specialty health insurance products through a network of independent agents and brokers, general agents and managing general underwriters. Companion Life is licensed in 45 states and the District of Columbia. It holds an A.M. Best Rating of A+ (Superior).

About A.M. Best

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

SOURCE Companion Life Insurance Co.