Startups
EquiTrust Life Insurance Company is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in “ A ” or better investment classes. EquiTrust Life Insurance Company has been around since 1996. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. EquiTrust has a good rating through A.M. Best, but it’s not as highly rated as many other modern insurance companies. Its “A+” rating through the BBB is impressive, though. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category.
Overview
Employees
51-200
Founded date
1996
Mentions in press and media 2
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| Feb 7, 2020 | Egyptian ecommerce platform Homzmart raises $1.3m | Egyptian startup Homzmart has raised $1.3-million from a number of investors. MenaBytes reported on Monday (3 February) in an article that the Cairo-based startup, which runs a furniture marketplace, raised the money from China’s MSA Capita... |