A.M. Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Madison National Life Insurance Company, Inc. (Madison National) (Madison, WI), Standard Security Life Insurance Company of New York (Standard Security) (New York, NY) and Independence American Insurance Company (Independence American) (Wilmington, DE), all subsidiaries of Independence Holding Company (Independence Holding) (headquartered in Stamford, CT) [NYSE:IHC]. Concurrently, A.M. Best has affirmed the Long-Term ICR of “bbb-” of Independence Holding. The outlook for these Credit Ratings (ratings) is stable.