Moody’s Upgrades Allianz Life’s Rating to A1 with Stable Outlook

Rating agency cites leading market position, product innovation and continued growth

MINNEAPOLIS, Oct. 11, 2017 – Allianz Life Insurance Company of North America (Allianz Life®) announced today that Moody’s Investors Service has upgraded the company’s financial strength rating from A2 to A1 with a stable outlook. A1 is the fifth highest of 21 possible ratings.

The rating reflects Allianz Life’s leading market position in the fixed index annuity (FIA) market as well as its large block of inforce annuity business in the US. In addition, Moody’s cited Allianz Life’s overall product innovation as well as growth in its life insurance business. The rating agency also highlighted Allianz Life’s strategic focus on risk management as a key contributor to the company’s strong profitability over the past several years. Of note, nearly 10 percent of parent company Allianz SE’s overall operating profit was generated by Allianz Life in 2016.

“Our careful planning, disciplined investing, and risk management expertise have all contributed to this rating upgrade,” said Allianz Life Chief Financial Officer Bill Gaumond. “Allianz Life continues to remain strong, stable and well-capitalized, which will allow us to fulfill our promises and financial obligations to our customers for generations to come.”

Allianz Life has maintained strong financial and credit ratings for several years, including through the financial downturn in 2008-2009. Allianz Life also holds an A+ (Superior) rating from A.M. Best, the second highest of 16 possible ratings, and a rating of AA (Very Strong) from Standard & Poor’s, the third highest of 21 possible ratings.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders’ achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.