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About Us

The company was incorporated in 1924 and current management took over in 1989. Throughout its history, the New Era family of companies has provided quality, affordable insurance and financial products highlighted by outstanding customer service.

A.M. Best Financial Rating

New Era is in the A.M. Best "Secure" group of insurance companies with a current rating of A- (Excellent). A.M. Best is the leading provider of ratings for the insurance industry. Their ratings are recognized as the benchmark for assessing the financial strength of insurance organizations.

A.M. Best Revises Outlook to Positive for New Era Life Insurance Company and Its Subsidiaries

OLDWICK - MAY 05, 2022 - A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of "bbb+" of New Era Life Insurance Company and its wholly owned life insurance subsidiaries, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company, together known as the New Era Group. All Companies are domiciled in Houston, TX.

Our Companies include:

New Era Life Insurance Company
New Era Life Insurance Company of the Midwest
Philadelphia American Life Insurance Company

Each of these companies has sole responsibility for the products they issue.

Our Philosophy

Applying the strengths of both eastern and western cultures

Executive Team

Team of highly experienced, proven and committed individuals

New Era Cares

Committed to give back to our community.


Get the latest information about New Era's progress