AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent) of
These companies together are referred to as
The ratings reflect JNG's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
The ratings also reflect the completed de-merger from
The ratings considered JNL's strong market share and distribution capabilities as a leader in the variable annuity and retirement space, which is supported by a quantitative enterprise risk management framework. It is AM Best's view that the capital profile of the rating group, when fully funded, will be sufficient to grow future business.
The following Long-Term IRs have been affirmed, with stable outlooks:
Jackson
'bbb+' (Good) on
Jackson National Life Global Funding - 'a' (Excellent) program rating
'a' (Excellent) on all outstanding notes issued under the program
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
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