Global rating agency A.M. Best Co. announced that it has affirmed Homesteaders Life Co.'s financial strength rating of A- (Excellent). The rating "represents a significant vote of confidence in our financial management philosophy," Homesteaders Chief Financial Officer Steve Pick said in a release. The company's conservative fiscal management has allowed the company to maintain stability and grow through challenging investment environments, he said. The West Des Moines-based insurer specializes in funeral insurance funding and support services.