Stakeholder relations

The Stakeholder Relations section contains important information relating to Benefact Group plc (Benefact Group), including our purpose, our current and past annual report and accounts, our regulatory announcements, shareholder publications and our governance documentation.

Our purpose

Benefact Group’s purpose is to contribute to the greater good of society. In particular, the Group strives to improve the lives of customers, beneficiaries and society as a whole.

This is achieved by managing a portfolio of businesses that operate to the highest ethical principles. Benefact Group seeks to diversify and bring an ethical dimension to more aspects of society; and all businesses within the Group need to set a high bar, putting customers first and setting an example to others.

Our charitable purpose drives our strategic goal of being the most trusted and ethical business in our chosen markets. It creates an environment where sustainable, long-term value generation is prized over short-term results.

Learn more about the Benefact Group family

Our governance

The Board of directors is committed to applying the highest standards of corporate governance and believe that the affairs of the Company should be conducted in accordance with best business practice.

Financial strength ratings

A financial strength rating from a credit rating agency is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. Ratings are based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.

Benefact Group plc maintains an interactive relationship with credit rating agencies Standard & Poor’s (S&P) and AM Best. The table below lists the current financial strength ratings from each rating agency.

Agency	Financial strength	Last update	Outlook
S&P	A-	Affirmed June 2020	Stable
AM Best	A	Affirmed May 2020	Stable

Rating agencies use different terms to describe their rating categories. Our rating from S&P is in their ‘strong’ category and our rating from AM Best is in their ‘excellent’ category.