A.M. Best Affirms Allianz Life’s Excellent Rating With Stable Outlook

  A.M. Best Affirms Allianz Life’s Excellent Rating With Stable Outlook

        Strength in Annuity Market, Solid Capital Position Highlighted

Business Wire

MINNEAPOLIS -- August 6, 2013

Minneapolis-based Allianz Life Insurance Company of North America (Allianz
Life®) announced that A.M. Best affirmed the company’s financial strength
rating as A (Excellent) and assigned a stable outlook. This is consistent with
the ratings assigned in 2012. The ratings reflect Allianz Life’s strategic
position under its parent, Allianz SE, as well as its leadership in the fixed
annuity market.

A.M. Best said the ratings reflected Allianz Life’s leading U.S. market
position within the fixed index annuity (FIA) market, its solid risk-based
capital position, well-developed enterprise risk management framework as well
as other key operating practices. A.M. Best also noted that Allianz Life’s new
business margins for all core lines—although positively trending—were
relatively modest in 2012 due to low interest rates, and Allianz Life’s
operating profile remains significantly correlated to interest rate and equity
market risk. However, A.M. Best noted that Allianz Life’s new business margins
are beginning to trend more favorably in response to recently rising interest
rates and product refinements.

“An excellent rating should not be taken lightly. This is a key benchmark for
assessing the ability of an insurance company to fulfill its long-term
promises to policyholders,” said Allianz Life Chief Financial Officer Giulio
Terzariol. “Preparing for retirement requires a great deal of trust between
clients and the financial institutions that manage their money. This rating
reflects our leadership in the FIA market and gives Americans good reason to
trust us and count on Allianz Life for their retirement income solutions.”

The A.M. Best rating of A (Excellent) is the third highest of 16 possible
ratings. Furthermore, the financial strength rating of Allianz Life did not
change during recent financial crises, periods during which many competitors
received downgrades.

About Allianz Life Insurance Company of North America
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.

Contact:

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