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A FAMILY OF COMPANIES
With a strong history, secure investment portfolio and dedication to continuous
improvement, Great American Life Insurance Company® has the financial
dependability your can count on.
Headquartered in Cincinnati, Ohio, Great American Life is a subsidiary of Great
American Financial Resources, Inc. (NYSE: GFR), a financial holding company with
total assets of $11.8 billion.1 During the past 10 years, total statutory
premiums of our life insurance companies have nearly tripled. The GAFRI family
of companies is in the top 12 percent of stock insurance companies based on net
admitted assets.2
GAFRI’s 2004 premiums totaled $1.1 billion, with 59% of that total consisting of
fixed annuity sales. The remaining premiums included supplemental insurance,
variable annuities and life insurance.
SOLID INVESTMENT MANAGEMENT
Our principal investment objective is to maintain a high-quality investment
portfolio that produces a predictable stream of investment income. In
structuring this portfolio, our foremost consideration is the liabilities our
assets support. Fixed income investments3 make up approximately 97 percent of
invested assets (compared to the insurance industry average of approximately 85
percent.2
To view our Financial Strength brochure, please
click here.
THE ANALYSTS AGREE
The leading insurance industry analyst, A.M. Best Company, rates our insurance
subsidiaries Great American Life®, Annuity Investors® Life and Loyal American
Life as "A (Excellent); Outlook Stable" based on "a comprehensive quantitative
and qualitative evaluation of balance sheet strength, operating performance and
profile."6
Many achievements of GAFRI's insurance subsidiaries played a key role in earning
this A.M. Best rating and Stable Outlook, including the following:
• Highest level of capital to date;
• Highest Risk-Based Capital level to date;
• Highest portfolio quality to date;
• Lowest debt-to-capital ratios to date; and
• Solid operating performance.
1At March 31, 2005, reflects all of GAFRI holdings on a GAAP basis. Total liabilities were $10.8 billion.
2A.M. Best L/H Statement File, 2005.5.
3Bonds, cash, short-term investments and policy loans.
4Data is as of December 31, 2004.
5Includes cash and short-term investments.
6"A (Excellent)" is third highest out of 16 possible categories.
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