Top 25 Insurance Companies’ Ratings


Ranking

Company Name

Total Admitted Assets 2008
(In Billions)

A.M. Best

S&P

Moody's

 1.
Metropolitan Life Insurance Co
$    289.6
A+
AA-
Aa3
 2.
Prudential Insurance Co of America
237.5
A+
AA-
A2
 3.
Teachers Ins & Ann Assoc of America
195.2
A++
AAA
Aaa
 4.
Northwestern Mutual Life Insurnace
154.8
A++
AAA
Aaa
 5.
Hartford Life Insurance Co
133.6
A
A
A3
 6.
Lincoln National Life Insurance
119.8
A+
AA-
A2
 7.
New York Life Insurance Co
117.3
A++
AAA
Aaa
 8.
Principal Life Insurance Co
115.4
A+
A+
Aa3
 9.
MassMutual Life Insurance Co
114.3
A++
AA+
Aa2
 10.
Axa Equitable Life Insurance Co
111.8
AA
AA-
Aa3
 11.
John Hancock Life Insurance co (USA)
103.9
A+
AA+
Aa3
 12.
Transamerica Life Insurance Co
103.9
A
AA-
A1
 13.
American Life Insurance
86.3
A-
A+
A1
 14.
Pacific Life Insurance Co
83.6
A+
AA-
A1
 15.
Nationwide Life Insurance Co
77.3
A+
A+
A1
 16.
New York Life Insurance & Annuity Co
74.9
A++
AAA
Aaa
 17.
AFLAC
71.8
A+
AA-
Aa2
 18.
Metlife Insurance Co of CT
69.8
A+
AA-
Aa3
 19.
Jackson National Life Insurance Co
68.3
A+
AA
A1
 20.
Riversource Life Insurance Co
67.9
A+
AA-
Aa3
 21.
Allstate Life Insurance Co
67.5
A+
AA-
Aa3
 22.
Allianz Life Insurance Co of North America
66.4
A
AA
A2
 23.
Hartford Life & Annuity Insurance Co
65.5
A
A
A3
 24.
ING USA Annuity and Life Insurace Co
64.1
A
A+
A2
 25.
John Hancock Life Insurance Co
62.9
 A+
 AA+
 Aa3


Source: National Underwriter Volume 113, No. 16, August 17, 2009.

Ratings are current as of April 8, 2010, per the company websites and other public information.

Ratings Scale

Click here to expand contentClick here to collapse content  A.M. Best Rating Scale

A++, A+      Superior
A, A-  Excellent
B++, B+   Good
B, B-  Fair
C++, C+  Marginal
C, C-  Weak
DPoor
EUnder Regulatory Supervision
F In Liquidation
SRating Suspended
 

Click here to expand contentClick here to collapse content  Standards & Poor

AAA
best quality companies, reliable and stable
AA
quality companies, a big higher risk than AAA
A
economic situation can affect finance
BBB
medium class companies, which are satisfactory at the moment
BB
more prone to changes in the economy
B
financial situation varies noticeably
CCC
currently vulnerable and dependent on favorable economic conditions to meet its commitments
CC
highly vulnerable, perhaps in bankruptcy or in arrears but still continuing to pay out on obligations
CI
past due on interest
R
under regulatory supervision due to its financial situation
SD
has selectively defaulted on some obligations
D
has defaulted on obligations and S&P believes that it will generally default on most or all obligations
NR
not rated

Click here to expand contentClick here to collapse content  Moody’s

Aaa
Exceptional security. Unlikely to be affected by change.
Aa
Excellent security. Lower than Aaa because long-term risks appear some what larger.
A
Good Security. Possibly susceptible to future impairment.
Baa
Adequate security. Certain protective to future impairment.
Ba
Questionable security. Ability to meet obligations may be moderate.
B
Poor security. Assurance of punctual payment of obligations is small over the long run.
Caa
Very poor security. There may be elements of danger regarding the payment of obligations.
Ca
Extremely poor security. Companies are often in default.
C
Lowest security. Extremely poor prospects of offering financial security

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