Financial Ratings | Allianz Life (2024)

FAQs

What is a good financial rating? ›

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

The FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) have been affirmed with stable outlooks for the following subsidiaries of Allianz SE: Allianz Global Corporate & Specialty Resseguros Brasil S.A. Allianz S.p.A. AWP P&C S.A.

We offer financial strength. Any financial product is only as strong as the company behind it. That's why it's important that you work with a company you can trust for the long term. Allianz has maintained enviable cash reserves and a strong operating margin, in spite of continued economic turbulence.

The opinion represents a comprehensive analysis consisting of a quantitative and qualitative evaluation of balance sheet strength, operating performance, and business profile or, where appropriate, the specific nature and details of a security. Please read the Guide to Best's Credit Ratings for an in-depth explanation.

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.

Is Allianz life insurance good? ›

For the fifth year running, Allianz Group tops the podium as the world's number one insurer in Interbrand's Best Global Brands Ranking.

Allianz policies are often significantly less expensive than other policies for trips longer than 30 days, because they have a different pricing structure than most providers. Length of trip is one of the determining factors of a policy's premium. In most cases, the longer the trip, the more expensive the policy.

The Wing Luke Civil Rights Division found that, between January 2014 and February 15, 2023, Allianz denied 560 claims from Washingtonians whose travel was interrupted due to a mental health event.

The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.

Allianz Weaknesses

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

A, A- Excellent Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations. B++, B+ Good Assigned to companies that have, in our opinion, 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.

'BBB' National Ratings denote a moderate level of default risk relative to other issuers or obligations in the same country or monetary union. 'BB' National Ratings denote an elevated default risk relative to other issuers or obligations in the same country or monetary union.

Bank ratings are generally between 1 and 5 – with 1 being the best and 5 being the worst. Bank ratings are computed using the CAMELS rating system, a globally recognized rating system that measures the financial soundness of financial institutions based on six factors.