Financial strength

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

Enterprise statutory results as of Dec. 31, 2023.

$2.7 billion

Enterprise statutory net worth1

$2.1 billion

ALIC2 total adjusted capital

$28.9 billion

Enterprise total assets3

$2.3 billion

Enterprise statutory revenues3

1 Consolidated statutory surplus and AVR (without duplication) of all insurance entities and Constellation Insurance, Inc. cash/investable assets
2 AuguStarSM Life Insurance Company
3 Consolidated statutory results of all US insurance entities

Assets and investments 

Results as of Dec. 31, 2023.

Circle chart showing investment portfolio bond quality.

Circle chart showing domestic invested assets.

60.5% NAIC* A1 to AAA
37.2% NAIC 2 BBB- to BBB+
2.0% NAIC 3 BB- to BB+
0.2% NAIC 4 B- to B+
0.1% NAIC 5 & 6 D to CCC+

* National Association of Insurance Commissioners
39.5% Public corporates
13.2% Private placements
13.2% Mortgage loans
11.7% Municipals
11.7% Structured product
8.0% Cash
2.7% Other


We consistently earn high marks for financial security and claims-paying ability from independent rating analysts.4

A.M. Best

Financial strength: A

Outlook: Stable


Financial strength: A-

Outlook: Positive


Financial strength: Baa1

Outlook: Stable

4A.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 eighth-highest ranking on a 21-part scale. All ratings information is according to reports published on:, and Ratings are for AuguStarSM Life Insurance Company, AuguStarSM Life Assurance Corporation and National Security Life and Annuity Company and are accurate as of 5/10/2024.

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 CA$681 billion in net assets, including over CA$138 billion in private capital investments (as of Dec. 31, 2023).

CDPQ logoOntario Teacher's logo