AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of TruSpire Retirement Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with developing implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of TruSpire Retirement Insurance Company (TruSpire) (Irving, TX).

Malibu Life Holdings Limited announced on Oct. 14, 2025, that it has entered into a definitive agreement to acquire TruSpire, which is licensed in 44 states and holds licenses for fixed-index annuity products. TruSpire has been dormant and has some run-off life and annuity business. The company’s capital and surplus has been sufficient to support its business so far, with modest net income. TruSpire is currently continuing to await final approvals with state regulators. Particular details of the transaction, which is expected to close in the second quarter of 2026, have not been disclosed. AM Best will continue to monitor this impending transaction and provide updates as conditions warrant.

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