A.M. Best Withdraws Ratings of Six Life Insurance Subsidiaries of American International Group, Inc. Due to Legal Entity

  A.M. Best Withdraws Ratings of Six Life Insurance Subsidiaries of American
  International Group, Inc. Due to Legal Entity Mergers

Business Wire

OLDWICK, N.J. -- January 4, 2013

A.M. Best Co. has withdrawn the financial strength rating of A (Excellent) and
issuer credit ratings of “a” of six domestic life insurance subsidiaries of
American International Group, Inc. (AIG) (NYSE: AIG): SunAmerica Annuity and
Life Assurance Company (SALAC) (Phoenix, AZ), SunAmerica Life Insurance
Company (SLIC) (Phoenix, AZ), Western National Life Insurance Company (WNLIC)
(Amarillo, TX), American General Assurance Company (AGLA) (Schaumburg, IL),
American General Life and Accident Insurance Company (AGLAIC) (Nashville, TN)
and American General Life Insurance Company of Delaware (AGLICDE) (Wilmington,
DE).

Effective December 31, 2012, the aforementioned companies merged with and into
American General Life Insurance Company (AGLIC) (Houston, TX), AIG’s lead U.S.
life insurance company. These transactions are part of AIG’s ongoing strategy
to streamline its insurance company structure into fewer operating companies
in order to maximize efficiency. As a result of the mergers, SALAC, SLIC,
WNLIC, AGLA, AGLAIC and AGLICDE policyholders have become policyholders of
AGLIC.

The methodology used in determining these ratings is Best’s Credit Rating
Methodology, which provides a comprehensive explanation of A.M. Best’s rating
process and contains the different rating criteria employed in the rating
process. Best’s Credit Rating Methodology can be found at
www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world’s oldest and most
authoritative insurance rating and information source. For more information,
visit www.ambest.com.

       Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contact:

A.M. Best Co.
Joan Sullivan, 908-439-2200, ext. 5144
Senior Financial Analyst
joan.sullivan@ambest.com
or
Thomas Rosendale, 908-439-2200, ext. 5201
Assistant Vice President
thomas.rosendale@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com
 
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