New Era Life Insurance Companies

InsuranceTexas, United States201-500 Employees

New Era Life Insurance Companies is an insurance organization based in Houston, Texas, founded in 1989 by Dr. Bill Chen. It comprises several member companies that underwrite their own products, including New Era Life Insurance Company, Philadelphia American Life Insurance Company, and New Era Life Insurance Company of the Midwest. The group offers quality, affordable insurance and financial products and emphasizes customer service in its relationships with customers, agents, employees, and regulators, guided by core values such as innovation, vision, loyalty, flexibility, reliability, and consumer-orientation.

In the insurance industry, the company holds an A- (Excellent) rating from A.M. Best as part of its Secure group designation, reflecting assessed financial strength. It maintains a mid-sized workforce and operates from the Houston area, with information accessible at neweralife.com. A recent development noted in May 2026 indicates that a data breach lawsuit against New Era Enterprises, the parent company of Philadelphia American Life Insurance Co., was voluntarily dismissed.

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