Financial Ratings | Allianz Life (2024)

FAQs

Financial Ratings | Allianz Life? ›

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

AA is the third-highest of 21 possible ratings and was affirmed in March 2023.

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

AA is the third-highest of 21 possible ratings and was affirmed in March 2023.

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.

The A+/A1 rating signifies that the issuer or carrier has stable financial backing and ample cash reserves. The risk of default for investors or policyholders is very low.

The best long-term indicator of an insurance company's ability to keep its promise is its financial strength rating. Rating information is often displayed prominently by providers on their websites. If not, you can call an insurer's customer service and ask for the ratings.

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 2 (Above Average): These stocks, as a group, are safer and less risky than most. Rank 3 (Average): These stocks, as a group, are of average risk and safety. Rank 4 (Below Average): These stocks, as a group, are riskier and less safe than most.

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.

'AA' rated entities and instruments demonstrate very high credit quality with a very low default risk. 'A' rated entities and instruments demonstrate high credit quality with a low default risk.

New York Life's commitment to mutuality, with a long-term focus on policyholders and creditors, and strong capitalization, are key to its Aaa rating.

Put your career into action with New York Life. All four of the major credit rating agencies (Standard & Poor's, AM Best, Moody's, and Fitch) have awarded us the highest financial-strength ratings currently given to any U.S. life insurer².

The $10,000 refers to the face value of the policy, otherwise known as the death benefit, and does not represent the cash value of life insurance policy. A $10,000 term life insurance policy has no cash value.

Allianz Life Annuities author review by Bob Haegele

High financial ratings: The major rating companies have consistently rated Allianz with their top-tier ratings. Conservative philosophy: Allianz stresses their conservative investment philosophy that focuses on diversified risk and long-term results.

Allianz has a conensus rating of Strong Buy, which is based on 6 buy ratings, 2 hold ratings and 0 sell ratings.

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.

Allianz Weaknesses

Heavily dependent on automobile market. Stiff competition with other major players.