Prosperity Life Group provides insurance, reinsurance, and asset management services.

Prosperity Life

Prosperity Life Group

Prosperity Life Group knows that for a future to flourish, it needs to be nurtured, cared for and protected. Since 1916, we’ve helped individuals and their families by providing life insurance, asset accumulation and supplemental health products to help them achieve their goals—whatever they may be. Today we stand stronger than ever with more than 300,000 policies, all rooted in innovation, empathy and advice. 

Together, we can let life flourish. 

AM Best financial strength ratings:
• A- (Excellent) rating
• A- Long-term creditor rating
• 4th highest of 15 ratings
• Stable Outlook

Prosperity’s insurance operating subsidiaries also have a Kroll rating of A-. 

Prosperity Life Group is a marketing name for Prosperity Group Holdings, LP and its subsidiaries. Life insurance, annuities and supplemental health products are underwritten by SBLI USA Life Insurance Company, Inc. (SBLI USA), headquartered in New York, NY, and S.USA Life Insurance Company, Inc. (S.USA) and Shenandoah Life Insurance Company (Shenandoah Life), both headquartered in Roanoke, VA. Only SBLI USA is an authorized New York insurer. S.USA and Shenandoah Life are not authorized as insurers in, and do not do insurance business in, New York. Each underwriting company is responsible for its own financial and contractual obligations. SBLI USA Life Insurance Company, Inc. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts or The Savings Bank Life Insurance Company of Connecticut.

Prosperity Life Group is pleased to announce the successful completion of our acquisition of National Western Life Insurance Company (NWL). This strategic transaction provides valuable synergies and enhances Prosperity’s opportunities to distribute life & annuity insurance products to the market.
Details of the transaction can be found in the press release.

🔦 Spotlight on Leadership: Paul Hance 
Welcoming Our New Chief Actuary and Chief Risk Officer

We are pleased to welcome Paul Hance to Prosperity Life, our new Chief Actuary and Chief Risk Officer. Paul brings a wealth of experience in actuarial science, financial leadership, and a proven track record of driving substantial growth. 

📈 Paul's Career Journey

Throughout his career, Paul has consistently sought out challenging roles that demand not only expertise but also a forward-thinking approach. At Transamerica, he led the consolidation of seven business units, streamlining operations and building a precedent for efficiency and excellence. His tenure at Equitable saw him transform the actuarial function into a standalone entity, navigating the complexities of the post-IPO landscape and safeguarding the company against financial risks during the pandemic.

Paul joined Pacific Life to co-found their Institutional Division, where he led the growth of the PRT and Stable Value businesses, and created the in-plan annuity and HSA businesses. His key initiatives included leading the successful administrative system conversion for PRT and Stable Value, and leading the creation of a new product line for HSAs. He most recently served as the CFO of the Institutional Division, where he saw the division reach their aspirational goals to triple income and double AUM two years ahead of schedule. His accomplishments reflect a deep commitment to fostering growth and operational excellence, qualities that align well with Prosperity. 

💼 Joining Prosperity

Paul joins us at a pivotal time, attracted by the prospect of driving growth quickly while also building foundational capabilities that will propel sustainable success. He appreciates Prosperity's dedication to building the right foundation as part of our competitive advantage. He values our approach to integrating blocks, processes, and systems correctly from the start, rather than deferring this crucial work.

Paul also recognizes the significant value that Prosperity can add for our customers, thanks to the Prosperity Asset Management team. This allows Prosperity to deliver enhanced value to our clientele, further solidifying our position in the market.

Please join us in welcoming Paul Hance to Prosperity. We look forward to the impact he will have on our growth and success as we continue to build our future together.

#LeadershipSpotlight, #ProsperityLife

⛳ Prosperity Life proudly sponsored the third Annual Danielle Kirrane Memorial Golf Outing on September 20, 2023, at Dyker Beach Golf Course in Brooklyn, NY.  The event honored Danielle Kirrane, who bravely battled ALS for three years before passing in 2021. The Danielle Kirrane Foundation, established in her memory, supports the ALS Association of Greater New York and directly aids local first responders grappling with ALS and other severe illnesses. Nearly 150 golfers participated, including first responders and community members who supported the Kirrane family throughout Danielle’s journey. Jim Kirrane, Danielle’s father-in-law and recently retired SVP at Prosperity Life, expressed his gratitude to all in attendance, thanking them for honoring Danielle's legacy and aiding those affected by ALS. #ALS #ProsperityLife #charity

🏔 Last week, Prosperity Life held our Finance Team Summit in Charlotte. The meeting facilitated discussions on our business, our strategy, and the future of our industry. Highlights included:
✅ Q&A with CEO Nicholas von Moltke
✅ Insights from our product distribution leaders: Dan Farrelly, Jack Heller, and Gregory Galdau. 
✅An update on the future of finance, courtesy of PwC
✅Personal development sessions focusing on individual strengths and emotional intelligence.
 
The team also had the chance to check out our new Touch-Down space🛬, the local co-working suite available for our Charlotte-area colleagues who are usually remote but want the option to work from an office. 
 
Beyond the formal agenda, the team bonded over some unique experiences:
🏃‍♀️ An (optional, yet) invigorating informal 5k run to kickstart Wednesday morning.
🏎 Team-building at the NASCAR Hall of Fame.
🪓  An exciting evening of axe-throwing, where CFO Zac Jones showcased his precision with a bullseye! 🎯
 
At the conclusion of the event, CFO Zachary Jones said, "Coming together as a team outside the office not only strengthens our professional bonds but also ignites our collective passion for Prosperity Life's mission. And I think Axe throwing taught us that with support from your team, determination, and precision, we can hit any target."

🏃‍♀️ Last week, Prosperity Life celebrated International Women's Day with a Virtual 5K Run, an event designed to promote well-being and pay tribute to the achievements and contributions of women everywhere.

We created the Virtual 5K to foster connection among our team members, many of whom are remote workers. Colleagues, friends, and family members were invited to take part in a shared activity, regardless of their location, while honoring the spirit of International Women's Day. Participants completed the run at their own pace and in their own space, yet were united by a common purpose. 

🏅 While it was only 50 years ago that women were first eligible to compete in marathons, we had quite a few marathon runners, including one woman who is a marathon pacer!

Thank you to everyone who joined us. Your involvement contributes to our collective well-being and underscores our shared commitment to advancing gender equality. 
#InternationalWomensDay #Virtual5K #TeamEngagement #RemoteWork #Inclusion #Wellbeing

🔦 Spotlight on Leadership: Meet Sacha Adams 

At Prosperity Life, we recognize the power of inclusive leadership. In line with this commitment, we're excited to highlight one of our key leaders, Sacha Adams. 

📈 Sacha's Background 

Sacha’s first exposure to accounting began during her childhood years in St. Vincent and the Grenadines. Growing up, she was closely involved with her grandparents’ business, helping with basic bookkeeping and reconciling accounts throughout her summer breaks. This early experience led to her decision to pursue accounting during her college years.

While studying at CUNY – Medgar Evers College in Brooklyn, Sacha was involved in many programs and associations focusing on accounting, taxation, and community engagement. A chief example of this was her role leading the Volunteer Income Tax Assistance (VITA) program (a program focused on filing tax returns for individuals who are low-income, senior citizens, disabled, or non-native English speakers). She corralled a record number of her college peers to assist with this initiative.

🏢 The Career Journey

After college, Sacha landed at New York Life as a junior accountant. She was excited about this new role – it allowed her to dig into the complexities of GAAP and STAT accounting and climb the ranks early on while balancing life as a new mom. During her time there, New York Life provided her with diverse and challenging roles.

After working in other STAT accounting roles at smaller organizations, including returning for some time to New York Life, she was ready for her next step.

💼 Prosperity Life: A New Chapter

Sacha joined Prosperity Life almost two years ago, growing into her current position as Assistant Vice President of Statutory Reporting. Here, she is known for her inclusive approach to decision making, staying connected and sharing information. She believes in the power of collective growth and encourages her team to share knowledge and perspectives.

Sacha’s personal philosophy (an African proverb) – “If you want to go fast, go alone. If you want to go far, go together,” – aligns with Prosperity Life, a company that places emphasis on the value of working together and leveraging each other’s knowledge to deliver results that make a difference in people’s lives.

#LeadershipSpotlight #ProsperityLife #CareerGrowth #ProfessionalDevelopment

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