Financial Ratings | Allianz Life (2024)

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Financial Ratings | Allianz Life? ›

The Standard & Poor's rating of AA (Very strong)

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2022, the average FICO^® Score^☉ in the U.S. reached 714.

A+/A1 are credit ratings produced by ratings agencies S&P and Moody's. Both A+ and A1 fall in the middle of the investment-grade category, indicating some but low credit risk. Credit ratings are used by investors to gauge the creditworthiness of issuers, with better credit ratings corresponding to lower interest rates.

Allianz is a financially secure company with high customer satisfaction ratings for its annuities. Allianz has the longevity common among top annuity companies, having started in 1896. It specializes in fixed index annuities and has an impressive selection of these products.

B++ and B+ (Good)

Assigned to insurance companies that have a good ability to meet their ongoing insurance obligations.

Rank 4 (Below Average): These stocks, as a group, are expected to have below-average relative price performance (approximately 300 stocks).

Which rating is better AA or A+? ›

For example, with S&P and Fitch, a rating of AA+ is better than AA, and a rating of AA- is worse than AA but better than A+. Moody's uses numbers to indicate relative quality, with Aa1 being the best Aa rating, followed by Aa2 and Aa3.

B1/B+ are one of several non-investment grade credit ratings (also known as "junk") that may be assigned to a company, fixed-income security, or floating-rate loan (FRN). These ratings signify that the issuer is relatively risky, with a higher-than-average chance of default.

We award Thrivent Financial Insurance Company a final rating of 3.4 out of 5 stars. The insurance company has been around for more than a century now, which is remarkable within the insurance industry.

Aetna Life bought Financial Life and Excelsior Life and then Maritime Life bought Aetna Life. Maritime Life later became Manulife. Aeterna Life was taken over by Desjardens Group. La Capitale and SSQ Life merged under the name of Beneva as of January 1, 2023.

About Thrivent

Thrivent carries ratings from independent rating agencies which demonstrate the strength and stability of the organization, including an A++ rating from AM Best; an Aa2 rating from Moody's Investors Service; and an AA+ rating from S&P Global Ratings.

4Q 2023: Total business volume advances 7.8 percent to 39.6 billion euros. Operating profit surges by 17.0 percent to 3.8 billion euros driven by the Life/Health business segment, supported by solid results in all other business segments. Shareholders' core net income of 2.4 billion euros, up by 46.4 percent.

Allianz has 5.48% upside potential, based on the analysts' average price target. Allianz has a conensus rating of Strong Buy, which is based on 6 buy ratings, 2 hold ratings and 0 sell ratings.

Allianz is the World's No. 1 Sustainable Insurer based on the 2018 Dow Jones Sustainability Index. Allianz was also awarded as the world's top insurance brand in 2019 and 2020 based on Interbrand Best Global Brands rankings.

Allianz's total debt for fiscal years ending December 2019 to 2023 averaged 36.874 billion. Allianz's operated at median total debt of 38.683 billion from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Allianz's total debt peaked in December 2020 at 40.687 billion.