-

AM Best Assigns Issue Credit Ratings to Ameriprise Financial, Inc.’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial, Inc.’s (Ameriprise) (Minneapolis, MN) recently announced USD 300 million, 4.8% senior unsecured notes, due 2031, and the USD 450 million, 5.35% senior unsecured notes, due 2036. The outlook assigned to these Credit Ratings (ratings) is stable.

Proceeds from the offering are being used for general corporate purposes, including the repayment of outstanding senior notes maturing this year. Following the debt issuance, the adjusted financial leverage stands at 37% but is expected to decrease to approximately 33% following the maturity of Ameriprise’s September 2026 notes. Interest coverage with this debt issue is expected to remain favorable and is considered adequate. Ameriprise maintains a strong liquidity position, with approximately $8.3 billion in cash and cash equivalents at the parent company level as of the first quarter of 2026. The company has also continued to demonstrate solid operating performance, supported by sustained growth across its core business segments and consistent earnings generation.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Omar Mostafa
Senior Financial Analyst
+1 908 882 1684
omar.mostafa@ambest.com

Louis Silvers
+1 908 882 2316
louis.silvers@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

A.M. Best Rating Services, Inc.


Release Versions

Contacts

Omar Mostafa
Senior Financial Analyst
+1 908 882 1684
omar.mostafa@ambest.com

Louis Silvers
+1 908 882 2316
louis.silvers@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

More News From A.M. Best Rating Services, Inc.

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Vietnam’s Non-Life Insurance Segment

SINGAPORE--(BUSINESS WIRE)--AM Best is maintaining its stable outlook on Vietnam’s non-life insurance segment, citing robust demand, technology adoption and healthy macroeconomic factors. The Best’s Market Segment Report, “Market Segment Outlook: Vietnam Non-Life Insurance,” states that the country’s positive macroeconomic performance has been underpinned by buoyant electronic exports, and increasing foreign direct investment, driven by the global investment boom in artificial intelligence-rela...

AM Best Comments on Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries Following Announced Transaction with Medical Mutual of Ohio

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Horace Mann Educators Corporation (headquartered in Springfield, IL) and its subsidiaries remain unchanged following the announcement of its transaction with Medical Mutual of Ohio to acquire Employee Services, LLC (ESI) and Reserve National Insurance Company (RNIC). Additionally, Horace Mann will reinsure MedMutual Life Insurance Company’s group life and disability business, while Medical Mutual of Ohio r...

AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to $750 million 4.95% senior unsecured notes, due July 2031, issued by the Travelers Companies, Inc. (Travelers) (headquartered in New York, NY). The outlook assigned to this Credit Rating (rating) is stable. The net proceeds of the issuance are expected to be used for general corporate purposes. Through second-quarter 2026, Travelers’ financial leverage ratio is 21.4%, as calculated by AM B...
Back to Newsroom