MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) announced today that Standard & Poor’s (S&P) has affirmed its AA (Very Strong) rating and offered a stable outlook for the company.
“Allianz Life has now maintained this high rating for over a decade,” said Walter White, president and CEO, Allianz Life. “This is yet another indicator of our ongoing strength and stability that allows us to maintain our promises to our customers today, tomorrow and for decades to come.”
In its report, S&P cited Allianz Life’s leadership position in the fixed index annuity market with nearly a 14-percent share at the end of 2017, in addition to its well-established distribution platform. The report also noted Allianz Life’s increasing market share in index variable annuities. Additionally, the report mentioned the strong brand recognition Allianz Life has achieved through its parent Allianz SE, as well as the substantial and consistent dividend contributions paid to its parent.
Allianz Life has maintained its AA (Very Strong) rating for the past 11 years. The AA (Very Strong) rating is the third highest of 21 possible ratings.
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 2018, 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. In 2017, Allianz Life provided a total of $2.7 billion in benefit payments that supported policyholders’ financial objectives. 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 in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.