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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of GPM Health and Life Insurance Company (GPM Health & Life), a wholly owned subsidiary of Government Personnel Mutual Life Insurance Company (GPM). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of GPM. These companies are both headquartered in San Antonio, TX and collectively known as GPM Life Group. The outlook of these Credit Ratings (ratings) is stable.

These ratings reflect GPM Life Group’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The ratings upgrade primarily reflects the increasing importance of GPM Health and Life’s operations to the overall group and consistent, explicit support from GPM. GPM Health and Life is fully integrated into the group’s operations and management, is easily identifiable with the group, and is necessary for rate flexibility, all of which are factors AM Best views favorably.

AM Best’s assessment of the GPM Life Group reflects the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as solid liquidity and a well-managed investment portfolio. Top line growth in recent years has dragged on operating performance; however, this is offset by AM Best’s expectation that new business will drive long-term profitability. GPM Life Group benefits from diverse geographic location and a low to moderate amount of product risk. The company’s ERM program continues to evolve as needed, and capabilities and framework are well in line with the organization’s risk profile.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

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Matthew Dachowski
Financial Analyst
+1 908 439 2200, ext. 5357
[email protected]

Kate Steffanelli
Senior Financial Analyst
+1 908 439 2200, ext. 5063
[email protected]

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
[email protected]

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
[email protected]