Life Insurance | Retirement
Financial professionals

Financial strength and backing for the future

AuguStar Retirement and AuguStar Life 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

Corporate profile
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Balance sheet strength

Figures are for Constellation Insurance, Inc. as of Dec. 31, 2025

Enterprise general account assets1

Enterprise statutory net worth2

AuguStar Life Insurance Company statutory surplus

1 Reflects all general account assets in the Constellation enterprise, excluding Latin America.
2 Consolidated statutory surplus & AVR (w/o duplication) of all insurance entities and Constellation Insurance, Inc. (CII) cash/investable assets.

ALIC3 total adjusted capital

$0B
 

3AuguStar Life Insurance Company

2025 Benefits paid4

$0M
Annuities
$0M
Life insurance

4Benefits paid in 2025 include cash payments for systematic withdrawal transactions on deferred annuity contracts and annuity lump sum death claims and disbursements and life insurance death claims.

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Enterprise assets and investments5

Figures are for Constellation Insurance, Inc. as of Dec. 31, 2025.

Investment portfolio bond quality

  • 65% NAIC6 1 A to AAA
  • 34% NAIC 2 BBB- to BBB+
  • 1% NAIC 3 BB- to BB+
  • 0.2% NAIC 4 B- to B+
  • 0.1% NAIC 5 & 6 D to CCC+

Invested assets5

  • 29% Public corporates
  • 19% Structured products
  • 14% Mortgage loans
  • 13% Government and municipals
  • 13% Private placements
  • 9% Cash
  • 3% Other

5 Excludes Latin America assets
6 Per 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: Stable

Moody’s

Financial strength: Baa1
Outlook: Stable

A.M. Best Company: “A,” its third-highest ranking out of 16 categories. Fitch: “A,“ its sixth-highest ranking on a 19-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 5/1/2026.

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Our investors and partners

Constellation’s founding investors and equal partners, La Caisse (formerly Caisse de dépôt et placement du Québec) 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$796 billion in net assets, including more than CA$136 billion in private capital investments (as of Dec. 31, 2025).