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S&P Affirms Allianz Life's AA Rating with Stable Outlook

  S&P Affirms Allianz Life's AA Rating with Stable Outlook

 Financial Strength Recognized with “Very Strong” Rating; Americans’ Focus on
                Guarantees, Protection as they Near Retirement

Business Wire

MINNEAPOLIS -- April 30, 2013

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) and changed the outlook to
stable. S&P’s AA rating is the third highest out of 21 possible ratings. S&P
based its rating on Allianz Life’s sound operating results, market leadership
standing in fixed index annuities and strong investment portfolio.

“Allianz Life is squarely focused on financial strength, which means
protecting capital through conservative investments, while delivering
attractive products. This approach to our business, combined with the support
of a strong global parent company, helps ensure that we have the ability to
keep our promises to our customers for many years to come,” said Allianz Life
Chief Financial Officer Giulio Terzariol. “Many Americans are searching for
protection from volatility and loss, which is exactly what many Allianz Life
products seek to offer.”

People closing in on retirement (ages 55 to 65), resoundingly said they would
protect their retirement savings with a guaranteed return rather than chancing
a loss in the market, according to the 2013 Transition Boomers and Retirement
Income survey from Allianz Life.* The survey, taken March 15-25 when record
stock market performance was generating daily headlines, found that Transition
Boomers crave protection for their retirement savings, a need that today’s
innovative annuities can help to address. The financial strength of the
insurer, as reflected in its financial strength rating, is one criteria
boomers can compare when evaluating various annuities.

The rating from S&P applies to Allianz Life and Allianz Life of New York. The
change was effective in March 2013.

Allianz Life also holds an A (Excellent) rating from A.M. Best, the third
highest of 16 possible ratings, and a rating of A2 (Good) from Moody’s, the
sixth highest of 21 possible ratings. A.M. Best's rating reflects “excellent”
financial strength and ability to meet obligations to contract holders.
Moody’s rating reflects “very strong” financial security, improved capital
position, and the company’s investment portfolio.

Similarly, Allianz Life of New York holds an A (Excellent) rating from A.M.
Best. Moody’s does not assign a rating to Allianz Life of New York.

About Allianz Life

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2013, 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.

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

Allianz Life Insurance Company of North America offers insurance and annuities
in all states except New York. In New York, products are issued by Allianz
Life Insurance Company of New York.

*The Allianz Life 2013 Transition Boomers and Retirement Income survey was
conducted by Ipsos U.S. eNation online from March 15-25, 2013 with 1,425 panel
respondents age 55-65, and was commissioned by Allianz Life Insurance Company
of North America.

Contact:

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