On November 14, 2024, AM Best affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa-" (Superior) for RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York. These entities are key life/health insurance subsidiaries of Ameriprise Financial, Inc.
The affirmation reflects Ameriprise's strong balance sheet, operating performance, and business profile. These ratings are crucial indicators of the company's financial stability and its ability to meet its obligations to policyholders and investors.
Maintaining high credit ratings is important for Ameriprise as it supports its competitive position and financial flexibility. The stable outlook assigned to these ratings indicates AM Best's expectation of continued strong performance.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.