Financial professionals

Financial strength and backing for the future

Financial strength and backing for the future

Financial strength

Financial strength

Part of the Constellation Insurance family of companies

Backed by long-term institutional investors and partners, AuguStarSM Financial is financially strong and stable. 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

Our financial strength allows us to fulfill our commitment to our policyholders now and for generations to come.



Adjusted statutory net worth1


Total adjusted capital2


Assets under management3


Total GAAP equity excluding AOCI4

1 Consolidated statutory surplus and AVR (without duplication) of all insurance entities + Constellation Insurance, Inc. cash and investable assets
2 AuguStar Life Insurance Company (in 2022, The Ohio National Life Insurance Company)
3 Non-GAAP financial measure. Represents GAAP assets in addition to financial assets managed by Constellation.
4 Accumulated other comprehensive income

Revenue, assets and investments


The following figures are for Constellation Insurance, Inc.: 

$2.11 billion of operating revenue pie chart


56.0%  Life insurance
30.0%  Annuities
12.0%  Latin America
2.0%  Other
$12.3 billion of domestic invested assets pie chart


43.6%  Public corporates
14.5%  Private placements
13.0%  Mortgage loans
12.0%  Municipals
11.7%  Structured product
3.2%  Cash
2.0%  Other
Investment portfolio bond quality pie chart


57.1%  NAIC* 1 A1 to AAA
39.6%  NAIC 2 BBB- to BBB+
3.0%  NAIC 3 BB- to BB+
0.2%  NAIC 4 B- to B+
0.1%  NAIC 5 & 6 D to CCC+
* National Association of Insurance Commissioners


We consistently earn high marks for financial security and claims paying ability from independent rating analysts.

A.M. Best

Financial strength: A

Outlook: Stable

Issuer credit rating: a+


Financial strength: A-

Outlook: Positive

Issuer default rating: BBB


Financial strength: Baa1

Outlook: Stable

Unsecured debt rating: Ba1

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 eight-highest ranking on a 21-part scale. All ratings information is according to reports published on:, and Ratings are accurate as of 5-10-2024.

Our investors and partners

Constellation Insurance 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 C$649 billion in net assets, including over C$139 billion in private capital investments. (As of December 31, 2022)

Ontario Teacher's Pension Plan logo
CDPQ logo

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