US EditionFitch upgrades Constellation's insurance subsidiaries' rating to 'A'
- Constellation Insurance announced on May 5, 2025, in Cincinnati that Fitch Ratings upgraded its insurance subsidiaries' Insurer Financial Strength rating to "A" with a stable outlook.
- Fitch attributed the upgrade to Constellation’s expanded operational capacity, reduced business risk, and its broadened geographic presence and sector diversification, including growth in Latin America, reinsurance, asset management, and institutional markets.
- The upgraded entities consist of AuguStar’s life insurance and assurance divisions along with National Security Life and Annuity Company, which have developed leading positions in life insurance and annuity markets by offering a diverse range of products through an expanding distribution network.
- Fitch's "A" rating represents the sixth-highest on its 19-part scale, reflecting increasing sales, core earnings growth, and strong market position recognized by CEO Anurag Chandra as a result of strategic transformation.
- This upgrade reflects Constellation’s strengthened diversification and expanded scale, which are expected to contribute to more consistent and sustained financial performance across its six primary businesses serving both retail and institutional markets.
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Fitch upgrades Constellation's insurance subsidiaries' rating to 'A'
CINCINNATI, May 5, 2025 /PRNewswire/ -- Constellation Insurance, Inc., announces today that Fitch Ratings has upgraded its Insurer Financial Strength (IFS) rating of its insurance subsidiaries, AuguStar® Life Insurance Company, AuguStar Life Assurance Corporation and National Security Life and Annuity…
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