American Benefit Life (ABL) is wholly-owned by Liberty Bankers Life Insurance Company. ABL was initially established in 1909 and is the oldest life insurance company domiciled in the state of Oklahoma. It was purchased by the Liberty Bankers Life group in 2002 and operated as Mid-Continent Preferred Life until 2009 when its name was changed to American Benefit Life. The Company is headquartered in Dallas, Texas and is licensed in 26 states.
ABL has a strategic relationship with Texas Service Life Insurance Company, located in Austin, Texas. Since 2004, ABL has reinsured pre-need and whole-life insurance business from Texas Service Life Insurance Company. With this steady source of growth ABL now insures over 15,000 lives in the state of Texas. In addition, ABL has acted as a reinsurer for other companies by purchasing blocks of pre-need and whole-life business.
ABL is rated B by A.M. Best Company, the most recognized rating agency for the insurance industry.
As of December 31, 2014, ABL alone achieved the following statutory results:
|Capital & Surplus:||$ 13,289,322|
|Adjusted Capital & Surplus:||$ 14,041,363|
|Net Income:||$ 468,392|
|Risk Based Capital Ratio:||1536%|