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S&P Affirms Rating for Allianz Life



  S&P Affirms Rating for Allianz Life

Business Wire

MINNEAPOLIS -- November 07, 2012

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) with a negative outlook
which continues to be in-line with Allianz SE, the parent company’s overall
rating. S&P’s AA rating is the third highest out of 21 possible ratings. S&P
based its rating on several factors including Allianz Life’s strong
competitive position and market leadership particularly with fixed index
annuities.

“Our financial strength continues to be strong due to the sound risk
management approach we follow in this challenging market environment,” said
Allianz Life Chief Financial Officer Giulio Terzariol. “Allianz Life is
positioned to support the long-term retirement goals for the millions of baby
boomers retiring each year.”

In June 2012, A.M. Best affirmed Allianz Life’s rating with an A (Excellent),
the third highest of 16 possible ratings. Earlier in February 2012, Moody’s
also affirmed Allianz Life’s rating with an A2 (Good), the sixth highest of 21
possible ratings.

About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2012, 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.

In New York, life insurance and annuities are issued by Allianz Life Insurance
Company of New York, New York City.

*For a full description of how Standard & Poor's® Insurer Financial Strength
Rating categories are assigned and to obtain current ratings refer to
www.standardandpoors.com.

A Standard & Poor's Insurer Financial Strength Rating is a current opinion of
the financial security characteristics of an insurance organization with
respect to its ability to pay under its insurance policies and contracts in
accordance with their terms. Insurer Financial Strength Ratings are based on
information furnished by rated organizations (or obtained by Standard & Poor's
from other sources it considers reliable). Insurers rated AA have Very Strong
financial security characteristics.

Established in 1906, A.M. Best is the oldest independent insurance analyst in
the country. The company assigns a rating to an insurance company based on
financial information (results) and qualitative evaluations (management
objectives and strategies). The quantitative financial evaluation includes an
extensive analysis of reported financial performance in the areas of
profitability, leverage, and liquidity. The qualitative evaluation reviews
performance in such areas as quality of assets, reserve adequacy, reinsurance,
business strategies, market leadership, parent company support, and management
competency. A is the third highest rating assigned by A.M. Best.

Moody's has been rating insurance companies since 1986. It is one of the two
agencies outside the insurance industry most frequently recognized with
respect to financial ratings. Moody's financial strength rating reflects the
insurance company's ability to fulfill senior policyholder obligations and
claims. The analysis focuses on a company's business fundamentals, including
financial factors, franchise value, management, and organizational
structure/ownership. In evaluating capital adequacy, Moody's attempts to
assess the capital necessary to absorb a number of risks, including asset
default, pricing adequacy, and interest rate risk. Insurers rated A2 offer
good financial security. However, elements may be present which suggest a
susceptibility to impairment sometime in the future.

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

Contact:

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