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Finance (5)

Union Labor Life’s Outlook Is Designated “Positive” by AM Best

Washington, D.C. (Sept. 8, 2022) — AM Best, the world’s oldest insurance rating and information source, has revised The Union Labor Life Insurance Company’s outlooks from “stable” to “positive.” It has also affirmed the company’s Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). Union Labor Life is a subsidiary of Ullico Inc.

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A Heritage That Began with The Labor Movement

From the start, union leaders recognized the organization as a new foundation of strength for their members. Samuel Gompers, the first and longest-serving president of the American Federation of Labor, saw the value in a labor-owned insurance company. Matthew Woll, president of the Photo Engravers Union, became our company’s first president. Today, a new generation of labor leaders sits on our board and helps guide the company into a new century of successful service to the movement and its members.

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