Financial strength and backing for the future
AuguStar Life and AuguStar Retirement together bring a new perspective to personal planning with the strength, tools and resources needed to help get your financial future on the right trajectory. As members of the Constellation family of companies and backed by long-term institutional investors and partners, we’re committed to:
- Maintaining a strong balance sheet
- Practicing disciplined financial management
- Taking a long-term approach to deliver on our commitments
- Earning strong ratings from independent rating agencies
Balance sheet strength
Figures are for Constellation Insurance, Inc. as of Dec. 31, 2023
Enterprise general account assets1
Enterprise statutory revenues1
Enterprise capital position
Blue: Enterprise statutory net worth2
Orange: AuguStar Life Insurance Company statutory surplus
1 Consolidated statutory results of all US insurance entities of Constellation Insurance, Inc.
2 Consolidated statutory surplus & AVR (w/o duplication) of all statutory insurance entities and Constellation Insurance, Inc. (CII) cash/investable assets
ALIC3 total adjusted capital
3AuguStar Life Insurance Company
2023 Benefits paid4
4Benefits paid in 2023 include cash payments for systematic withdrawal transactions on deferred annuity contracts and annuity lump sum death claims and disbursements and life insurance death claims.
Enterprise assets and investments
Figures are for Constellation Insurance, Inc. as of Dec. 31, 2023.
Investment portfolio bond quality
- 60.5% NAIC* A1 to AAA
- 37.2% NAIC 2 BBB- to BBB+
- 2% NAIC 3 BB- to BB+
- 0.2% NAIC 4 B- to B+
- 0.1% NAIC 5 & 6 D to CCC+
Domestic invested assets
- 39.5% Public corporates
- 13.2% Private placements
- 13.2% Mortgage loans
- 11.7% Municipals
- 11.7% Structured product
- 8.0% Cash
- 2.7% Other
* National Association of Insurance Commissioners
Ratings
We consistently earn high marks for financial security and claims-paying ability from independent rating analysts.
A.M. Best
Financial strength: A
Outlook: Stable
Fitch
Financial strength: A-
Outlook: Positive
Moody’s
Financial strength: Baa1
Outlook: Stable
A.M. Best Company: “A,” its third-highest ranking out of 16 categories. Fitch: “A-,“ its seventh-highest ranking on a 21-part scale. Moody’s: “Baa1,” its eighth-highest ranking on a 21-part scale. All ratings information is according to reports published on: ambest.com/ratings, fitchratings.com and moodys.com/insurance. Ratings are for AuguStar Life Insurance Company, AuguStar Life Assurance Corporation and National Security Life and Annuity Company and are accurate as of 5/10/2024.
Our investors and partners
Constellation’s founding investors and equal partners, Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), are two of the largest long-term institutional investors in North America. Together, they manage a total of more than CA$681 billion in net assets, including more than CA$138 billion in private capital investments (as of Dec. 31, 2023).
Guarantees are based on the claims-paying ability of the issuer. Product, product features and rider availability vary by state. Issuer is not licensed to conduct business in NY. New York contracts are issued by National Security Life and Annuity Company.
AuguStar Life and AuguStar Retirement are members of the Constellation Insurance family of companies, a leading insurance holding company providing protection, retirement income and (re)insurance solutions.