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ABOUT MIDLAND NATIONAL
 
History
Midland National's story is a classic example of American perseverance and ingenuity. Founded in 19061, Midland National has survived two world wars, the Great Depression, the Dust Bowl, and multiple recessions. Now with over 110 years under its belt, Midland National holds over 1 million life insurance and annuity policies with assets2 over $57.9 billion.

Stability
As part of a privately held company, we are not subject to the short-term earnings pressures that publicly held companies face. We are a company with plans to perpetuate itself for hundreds of years, not the next quarter or fiscal year. We focus on the long term. We focus on you.

Ownership
Midland National is a member of Sammons Financial Group3, a privately owned insurance holding company. Private ownership makes Midland National unique in the life insurance industry. This kind of ownership creates an atmosphere where personal, efficient service is the priority.

With life operations located in Sioux Falls, South Dakota, Sammons Independent Annuity Group4 located in West Des Moines, Iowa, and Corporate Markets located in Fargo, North Dakota, Midland National operates in 49 states, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, the island of Anguilla, and on several overseas military installations.

Strength
We are committed to responsible investing and a conservative investment strategy both of which have served the company well during difficult economic times. We have consistently received high ratings from third-party independent reporting and rating companies.
  • "A+" (Superior) A.M. Best
  • "A+" (Strong) S&P Global Ratings
  • "A+" (Stable) Fitch Ratings
  • "A+" Better Business Bureau

1 Midland National was originally founded as Dakota Mutual in 1906.

2 As of December 31, 2018.

3 Sammons® Financial Group is comprised of Midland National® Life Insurance Company, North American Life Insurance Company for Life and Health Insurance®, Sammons Institutional Groupsm, Inc., and Sammons Financial Network® LLC, member FINRA.

4 Sammons Independent Annuity Group is not an insurance company, insurance agency, or any other type of legal entity; rather it is an informal name used to describe collectively the personnel that design, market, sell, and administer fixed annuity prodicts issued by Midland National Life Insurance Company and North American Company for Life and Health Insurance.

A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance, and ability to meet its obligations to policyholders. A+ is the second highest rating out of 15 categories and was affirmed for Midland National Life Insurance Company as part of Sammons Financial Group on August 7, 2019. For the latest rating, access www.ambest.com.

S&P Global Ratings awarded its "A+" (Strong) rating for insurer financial strength on February 26, 2009 and affirmed on August 14, 2019 to Midland National Life Insurance Company, as part of Sammons Financial Group. The "A+" (Strong) rating is the fifth highest out of 22 available ratings.

Fitch Ratings, a global leader in financial information services and credit ratings, on April 17, 2019, assigned an Insurer Financial Strength rating of A+ Stable for Midland National. This rating is the fifth highest of 19 possible rating categories. The rating reflects the organization's strong business profile, low financial leverage, very strong statutory capitalization, and strong operating profitability supported by strong investment performance. For more information, read the Fitch Ratings report.

Midland National has been a BBB Accredited Business since January 30, 2017. The BBB has determined that Midland National Life Insurance Company meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.