Why Allianz Life of NY?
Allianz Life Insurance Company of New York (Allianz Life of NY) maintains a high-quality investment portfolio and strong liquidity position to support contract owner obligations and business needs. Diligent capital management allows the company to maintain appropriate capitalization to support our overall business at levels consistent with our top-rated insurer status.
The ratings Allianz Life Insurance Company of New York receives from independent rating agencies confirm our financial strength.
|Standard & Poor's
|AA (Very Strong)
These independent agency ratings are based on an analysis of financial results and evaluation of management objectives and strategies. The ratings do not pertain to investment options, which fluctuate with market conditions. The ratings do not indicate approval by the analysts and are subject to change.
The A.M. Best rating of A+ (Superior) is the 2nd highest of 16 possible ratings, and was affirmed in June 2022.
The Standard and Poor's rating of AA (Very Strong) is the 3rd highest of 21 possible ratings, and was affirmed in May 2022.
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 second highest rating assigned by A.M. Best.
For a full description of how A.M. Best rating categories are defined refer to www.AMBest.com.
Standard & Poor's®
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.
For a full description of how Standard & Poor's® Insurer Financial Strength Rating categories are assigned refer to www.standardandpoors.com.
Allianz Life Insurance Company of New York was incorporated as a stock company under the laws of New York on September 21, 1982. The company was licensed on April 11, 1984 and commenced business on September 1, 1984.
The company is a wholly owned subsidiary of Allianz Life Insurance Company of North America ("Allianz"), a Minnesota insurance company. Allianz is in turn a wholly owned subsidiary of Allianz of America, Inc ("AZOA"), a Delaware holding company. The Company is part of Allianz SE, a global financial group that serves over 125 million customers in 70 countries, and is the world's 47th largest company (Fortune Global 500, August 2022 – ranking based on revenue) and fifth largest asset manager (Allianz SE: P&I / Willis Towers Watson Thinking Ahead World 500, October 2021. Ranked by total AUM.).
Allianz Life of NY products are offered through a network of independent financial professionals and registered representatives.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of New York and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of New York, 1633 Broadway, 42nd Floor, New York, NY 10019-7585. Variable products are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance. www.allianzlife.com/new-york