AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of 'aa' (Superior) of
Concurrently, AM Best has affirmed the Long-Term ICR of 'a' (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of
The ratings reflect Canada Life's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
The group's absolute capital levels are maintained through favorable earnings and a well-structured asset and liability balance sheet. The company continues to grow strategically through acquisitions in the retirement segment along with its core business segments.
The FSR of A+ (Superior) and the Long-Term ICRs of 'aa' (Superior) have been affirmed with stable outlooks for
The following Long-Term IRs have been affirmed with stable outlooks:
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'bbb+' (Good) on
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
'a+' (Excellent) on
'a' (Excellent) on
Great-West Lifeco
'a' (Excellent) on
Empower Finance 2020, LP-
'a' (Excellent) on
'a' (Excellent) on
'a' (Excellent) on
The following indicative Long-Term IRs on securities available under shelf registration have been affirmed with stable outlooks:
'a' (Excellent) on senior unsecured debt
'a-' (Excellent) on subordinated debt
'bbb+' (Good) on junior subordinated debt
'bbb+' (Good) on preferred stock
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