OLDWICK, N.J.–(BUSINESS WIRE)–AM Greatest has assigned a Monetary Power Score (FSR) of B++ (Good) and a Lengthy-Time period Issuer Credit score Score (Lengthy-Time period ICR) of “bbb” (Good) to Stellar Nationwide Life Insurance coverage Firm (Stellar Life) (Phoenix, AZ). The outlook assigned to those Credit score Rankings (rankings) is steady.
The rankings replicate Stellar Life’s stability sheet power, which AM Greatest assesses as sturdy, in addition to its enough working efficiency, restricted enterprise profile and applicable enterprise threat administration.
The rankings assigned to Stellar Life replicate AM Greatest’s expectation that the corporate will keep enough capital to help its future enterprise plans. In December 2022, Stellar Life was launched, with a concentrate on changing into a completely digital issuer of annuities, whereas partnering with U.S. impartial annuity gross sales channels.
The corporate intends to supply a mixture of mainstream and area of interest fastened annuity merchandise designed for banking, credit score union and broker-dealer distribution by way of its platform, in addition to partnering with different direct issuance personal credit score consultants. Invested property will likely be managed by Stellar Nationwide IM, LLC (Stellar IM), an affiliate of Stellar Life’s dad or mum firm, Stellar Nationwide Holdings, LLC (Stellar Holdings). Stellar IM could have a strategic funding relationship with Blue Vista Capital Administration, LLC, an oblique proprietor of Stellar Holdings, which has a specific experience within the industrial mortgage lending house and over $5 billion in property beneath administration. Partially offsetting components embrace the growing publicity to rate of interest threat as Stellar Life’s annuity e-book of enterprise grows, in addition to the challenges that include executing its marketing strategy.
This press launch pertains to Credit score Rankings which were revealed on AM Greatest’s web site. For all ranking data referring to the discharge and pertinent disclosures, together with particulars of the workplace answerable for issuing every of the person rankings referenced on this launch, please see AM Greatest’s Current Score Exercise internet web page. For extra data relating to the use and limitations of Credit score Score opinions, please view Information to Greatest’s Credit score Rankings. For data on the right use of Greatest’s Credit score Rankings, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Rankings & Assessments.
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