Financial Ratings | Allianz Life (2024)

FAQs

What is the Allianz Life A.M. Best rating? ›

The A.M. Best rating of A+ (Superior)

The S&P Insurer Financial Strength Rating system indicates whether an insurance company has sufficient assets to pay its claims. The highest S&P rating is AAA. AA, A, or BBB are considered acceptable ratings. Consumers can compare an insurer's rating from four sources.

The best long-term indicator of an insurance company's ability to keep its promise is its financial strength rating. Rating information is often displayed prominently by providers on their websites. If not, you can call an insurer's customer service and ask for the ratings.

It is also one of the world's largest asset managers. Very Strong Capitalisation & Leverage: Allianz's Solvency II was very strong at 203% at end-1Q24 (end-2023: 206%, end-2022: 201%). Its Prism Global Model score was unchanged at 'Very Strong' at end-2023.

Founded in 1896, Allianz offers annuities and life insurance products throughout the U.S. According to the National Association of Insurance Commissioners, Allianz has a complaint index of 0.39 — much lower than the national average — indicating that the company has high customer satisfaction.

Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard & Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.

Financial ratings

‍ ‍ ³ USAA Life Insurance Company's ratings are: A.M. Best: A++ (Superior, highest of 16 possible ratings).

AM Best Financial Strength Rating: Progressive has a A+ (Superior) score for financial strength, which speaks well to their ability to pay claims.

What is the safest annuity company? ›

The global credit rating industry is highly concentrated, with three leading agencies: Moody's, Standard & Poor's, and Fitch.

A, A- Excellent Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.

What Is a Rating? A rating is an assessment tool assigned by an analyst or rating agency to a stock or bond. The rating assigned indicates the stock or bond's level of investment opportunity. The three major rating agencies are Standard & Poor's, Moody's Investors Service, and Fitch Ratings.

The FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) have been affirmed with stable outlooks for the following subsidiaries of Allianz SE: Allianz Global Corporate & Specialty Resseguros Brasil S.A.

FRANKFURT (S&P Global Ratings) June 20, 2024--, S&P Global Ratings today affirmed its 'AA/A-1+' long- and short-term issuer credit ratings and 'AA' financial strength rating on global multiline insurer Allianz and its core subsidiaries. Our outlook on the rating remains stable.