About Us

Prosperity Life Group is an innovative insurance, reinsurance, and asset management company.

CULTURE AND VALUES

At Prosperity Life Group we believe each person’s future holds the potential to develop into something greater.

GROWTH

We are focused on the long term, and believe our people, products, and services will create sustainable returns for our customers and communities.

INTEGRITY

We are committed to doing the right thing for our customers, shareholders, and people.

RESULTS

We are outcome oriented, and how we achieve matters as much as what we achieve.

INCLUSION

We actively invite diverse views and perspectives, and value unique experiences, where everyone feels that they belong and contribute.

A Century of Tradition

Our member companies provide a strong foundation dating back over 100 years.

OUR MEMBER COMPANIES

Our insurance business in the U.S. is focused on the retirement and life market. We’ve grown by designing innovative life insurance, asset accumulation and supplemental health products.

SBLI USA Life Insurance Company, Inc.

Headquartered in New York City, SBLI USA has been satisfying the life insurance needs for the New York market for over 75 years, including a long history of working with banks to develop and offer products that meet their customer’s financial objectives.

S.USA Life Insurance Company, Inc.

S.USA is an Arizona domestic insurer authorized to do business in 47 states and the District of Columbia. S.USA offers a wide variety of products through a diverse set of distribution channels.

Shenandoah Life Insurance Company

Founded over 100 years ago, Shenandoah Life, a Virginia domestic insurer, has a strong track record of performance and a long tradition of meeting its customer’s needs.

 

OUR STORY

We’re not just about getting bigger. We believe in growing smarter. Look at our timeline to see how we’ve grown.

1916

Shenandoah Life Insurance Company (“Shenandoah Life”) is founded as a Virginia insurance company based in Roanoke, Virginia.

1939

The Savings Banks Life Insurance Fund (“SBLI Fund”) begins to conduct insurance business in the state of New York.

1999

The SBLI Fund converts into a mutual life insurance company domiciled in New York, under the new name SBLI USA Mutual Life Insurance Company of New York, Inc. (“SBLI USA”).

2000

S.USA Life Insurance Company (“S.USA”) becomes a wholly-owned subsidiary of SBLI USA Mutual Life Insurance Company, Inc.

2009

Prosperity Life Insurance Group, LLC is founded with the partnership of Black Diamond Capital Partners and Reservoir Capital Group, LLC.

2012

Prosperity Life Insurance Group, LLC grows through the sponsored demutualization and acquisition of Shenandoah Life.

2014

Prosperity Life Insurance Group, LLC grows further through the sponsored demutualization and acquisition of SBLI USA. Prosperity Life Insurance Group, LLC’s principal operating members are now Shenandoah Life, SBLI USA, and S.USA.

2019

Elliott Management Corporation acquires majority ownership of Prosperity Life Insurance Group, LLC. Nicholas von Moltke joins Prosperity Life Insurance Group, LLC, assuming the role of Chief Executive Officer.

2020

Formation of Prosperity Life Assurance Ltd., a Bermuda reinsurance company

2022

Formation of Prosperity Asset Management (PAM), a sophisticated investment and risk manager

Today

Through its three US insurers, Prosperity Life Insurance Group, LLC services more than 300,000 policies and continues to provide financial security to customers and their families through innovative protection, asset accumulation, and supplemental health insurance products.

Performance Rooted In Strength

Our financial strength is founded on helping you reach yours.

AM Best Rating

Excellent A-

Financial Strength Rating

a-

Issuer Credit Rating

4th

Highest of 15 ratings

Stable

Outlook

Kroll Rating

A-

Insurer Financial Strength Rating

Stable

Outlook

AM Best and Kroll rating information as of publication date noted below, for the latest information visit www.ambest.com and www.kbra.com.

OUR TEAM

We are a team of industry experts who work together to get things done efficiently.

MEET OUR LEADERS

Careers

Reach your full potential in and outside of the office. Join our team to prosper, learn, and grow.

Explore Careers