A.M. Best Affirms Ratings of AXA Financial, Inc. and Certain Subsidiaries
The affirmation of the ratings of AXA Financial’s life subsidiaries reflects its position as a leading variable life and annuity writer and global asset manager. The ratings also reflect its strategic importance to the ultimate parent, AXA S.A. (AXA), a publicly traded, worldwide leader in financial protection and wealth management. The U.S. operations represent a considerable portion of AXA’s Life & Savings global assets and revenues.
While risk-based capital is strong,
The FSR of A+ (Superior) and the ICR of “aa-” have been affirmed for
-
AXA Equitable Life and Annuity Company -
U.S. Financial Life Insurance Company
The change in the ICR reflects the continued run-off nature of the closed blocks of business. The action taken is reflective of the forward looking view of both company’s importance and contribution to the overall group. The ratings outlook remains stable for both companies.
The FSR of B++ (Good) and the ICR of “bbb” have been affirmed for
The following issue ratings have been affirmed:
-- “a-” on
-- “AMB-1” on its commercial paper program
AXA Equitable Life Insurance Company—
-- “a” on
This press release relates to rating(s) that have been published on
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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