S&P Affirms Allianz Life's AA Rating with Stable Outlook

Financial Strength Recognized with “Very Strong” Rating; Americans Seek Protection from Market Volatility

MINNEAPOLIS--()--Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) today announced that the rating agency Standard & Poor’s (S&P) recently affirmed the company’s rating as AA (very strong) and maintained the company’s stable outlook. S&P’s AA rating is the third highest out of 21 possible ratings. S&P based its rating on Allianz Life’s operating results, market leadership standing in fixed index annuities and strong investment portfolio.

“Allianz Life continues to focus on financial strength by protecting capital through conservative investments. This approach to our business, combined with the support of strong risk management practices, allows us to offer our customers attractive products and helps ensure we are able to keep our promises to them for many years to come,” said Allianz Life Chief Financial Officer Giulio Terzariol. “Even though market volatility has eased, many Americans continue to prefer products that help protect their assets from market volatility and loss – features that many Allianz Life products provide.”

In the Allianz Life 2013 Investor Market Perceptions Study*, the majority of Americans ages 25+ with more than $200,000 in investable assets said they want some form of protection from losses as they accumulate assets for retirement. These survey respondents (95%) said they would like a financial product with no potential loss or at least some level of protection from loss rather than one with both unlimited potential growth and loss. Despite 1,000+ point market gains in the S&P 500 Index since 20091, investors appear to remain hesitant to put money at market risk due to concerns with volatility. More than three-quarters (79%) of respondents from this study said they believe the market will continue to be volatile, and nearly six in 10 (59%) noted market volatility as an economic concern having an effect on their retirement outlook.

The rating from S&P applies to Allianz Life and Allianz Life Insurance Company of New York (Allianz Life® of NY). Allianz Life also holds an A (Excellent) rating from A.M. Best, the third highest of 16 possible ratings, and a rating of A2 (Good) from Moody’s, the sixth highest of 21 possible ratings. A.M. Best's rating reflects “excellent” financial strength and ability to meet obligations to contract holders. Moody’s rating reflects “very strong” financial security, improved capital position, and the company’s investment portfolio.

Similarly, Allianz Life of New York holds an A (Excellent) rating from A.M. Best. Moody’s does not assign a rating to Allianz Life of New York.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2014, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.

All guarantees are backed solely by the financial strength and claims-paying ability of the issuing company.

Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York. In New York, products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423.

*The Allianz Life 2013 Investor Market Perceptions Study was conducted by Ipsos via their online iSay/Ampario Panel from July 24-29, 2013 with 1,012 panel respondents age 25+ with investable assets of $200,000 or more, and was commissioned by Allianz Life Insurance Company of North America.

1 S&P 500 Index – historical data

Contacts

Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
Sarathurin.rollin@allianzlife.com

Release Summary

Allianz Life today announced that the rating agency Standard & Poor’s (S&P) recently affirmed the company’s rating as AA (very strong) and maintained the company’s stable outlook.

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Contacts

Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
Sarathurin.rollin@allianzlife.com