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 firstname.lastname@example.org
S&P Affirms Rating for Allianz Life
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