Sentinel Security Life and Atlantic Coast Life Have Financially Successful Year
Highlights Successful Transactions and Provides Asset Update
A-CAP Group (“A-CAP” or “the Company”), a New York-based insurance and financial services company with over $12 billion in assets, shared a business update today, including a financial update as of March 31, 2025, updates to product offerings, as well as several important operational developments.
Utah & South Carolina Regulatory Update
In May 2025, A-CAP and insurance regulators in Utah agreed to the dismissal of a rehabilitation petition and Judge Amber Mettler entered an order to that effect in the Third District Court for Utah. This follows a February 2025 ruling by Judge Ralph Anderson III in favor of A-CAP’s Atlantic Coast Life Insurance Company (“Atlantic Coast Life”) on related matters in South Carolina’s Administrative Law Court.
“We are happy to have this period of uncertainty behind us and we remain fully focused on doing what we do best, which is providing best-in-class financial solutions for our customers, policyholders and annuity owners nationwide,” said Kenneth King, Chairman and CEO of A-CAP Group. “I want to thank our partners and stakeholders for their continued loyalty and patience throughout this process and we look forward to constructively engaging with our regulatory counterparts as we position A-CAP for a return to growth.”
Financially Successful Year for A-CAP, Sentinel and Atlantic Coast Life
Concurrently, Atlantic Coast Life and Sentinel Security Life Insurance Company (“Sentinel”), each released recent financial highlights. As of the first quarter of 2025, Sentinel and Atlantic Coast Life have Total Adjusted Capital of $201,910,670 and $139,750,977, respectively, and Capital and Surplus of $142,174,011 and $118,242,417, as reported in recent statutory financial filings. King added that “despite challenges, 2024 was a financially successful year for A-CAP, Sentinel and Atlantic Coast Life, which is a testament to the resiliency, dedication and capabilities of the entire A-CAP team.” He emphasized that “Sentinel and Atlantic Coast Life have maintained sufficient capital and continue to operate profitably while meeting all policyholder and financial obligations.”
Product Updates and Increased Rates
Atlantic Coast Life and Sentinel each increased the rates offered in their multi-year guaranteed annuities in April and are in the process of updating the rates and benefits of their fixed-indexed annuities to once again offer the leading rates and benefits that agents and annuity owners have come to expect from the two carriers.
Asset and Capital Update
A-CAP has a proven track record of effectively managing its asset portfolio and following the recent successful divestiture of Standard de Liège SA, the Company continues to demonstrate its ability to deliver solutions that create tangible benefits for all stakeholders—including Atlantic Coast Life and Sentinel annuity owners and policyholders. This transaction builds on prior successful transactions involving Everton FC and Melbourne Victory FC. Moving forward, A-CAP will remain focused on evaluating strategic alternatives for remaining soccer assets alongside its team of professional advisors. In addition to effectively managing its portfolio, A-CAP continues to work with Moelis to conduct a strategic capital raise to fund future growth and expansion.
“With these matters behind us, we have removed uncertainty from the equation and will continue the process of raising capital to help fuel the next stage of growth for A-CAP, Atlantic Coast Life and Sentinel,” said Kenneth King, Chairman and CEO of A-CAP. “The future is bright for A-CAP and we are beyond excited to get back to serving our customers and partners without distraction.”
About A-CAP
A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP’s management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Miami, and Salt Lake City. For more information, www.acap.com.
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