Business
AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries
OLDWICK, N.J., February 13, 2026--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) both referred to as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratings) is stab
About this update from Aegon Ltd.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2222,"height":1080,"url":"https://media.zenfs.com/en/business-wire.com/46e29a72a643f56e9cdafa4c65bc53a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.mPBZifkJcKwti4XEIQGag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ2NztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/46e29a72a643f56e9cdafa4c65bc53a9","width":960,"height":467},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/wB6YEJwrVTrC1aOW6ef2Ew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMTY2O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/46e29a72a643f56e9cdafa4c65bc53a9","width":1200,"height":583}},"lazy":false},{"type":"text","content":"OLDWICK, N.J., February 13, 2026--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) both referred to as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratings) is stable.","length":530,"tagName":"p"},{"type":"text","content":"The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.","length":210,"tagName":"p"},{"type":"text","content":"AM Best expects Aegon USA to maintain its very strong balance sheet strength assessment in the near term, with strong to very strong levels of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Aegon USA has additional access to liquidity as a member of the Federal Home Loan Bank, which together with its access to capital markets provides substantial financial flexibility and borrowing capacity. While the asset allocation within Aegon USA’s investment portfolio is typical for the U.S. life insurance industry, there is some continued exposure to higher risk assets, as allocations have continued to decline in recent years. Aegon USA retains some interest rate sensitivity risk on the balance sheet and has significant usage of reinsura...