Financial strength
We are dedicated to ensuring Constellation and our family of companies remains financially strong and stable, now and for generations to come. We practice disciplined financial management and are committed to taking the right steps to position the organization better for the future.
Balance sheet strength
as of 12/31/2022
Adjusted statutory net worth1
ONLIC2 total adjusted capital
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 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
Constellation carries strong revenue and a diverse investment portfolio.



Ratings
We consistently earn high marks for financial security and claims paying ability from independent rating analysts.
Financial strength: A
Outlook: Stable
Issuer credit rating: a+
Financial strength: A-
Outlook: Stable
Issuer default rating: BBB
Financial strength: Baa1
Outlook: Stable
Unsecured debt rating: Ba1
1 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: ambest.com/ratings, fitchratings.com, and moodys.com/insurance. Ratings are accurate as of 10-2022.
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$650 billion in net assets, including over C$140 billion in private capital investments.

