Ameriprise Financial Inc

NYSE:AMPUnited States

AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)--November 14, 2024--
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa-" (Superior) of RiverSource Life Insurance Company (Minneapolis, MN) and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York (Albany, NY). These companies represent the key life/health (L/H) insurance subsidiaries of Ameriprise Financial, Inc. (Ameriprise) (headquartered in Minneapolis, MN) [NYSE: AMP] and are collectively known as Ameriprise Financial Group. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of Ameriprise Captive Insurance Company (ACIC) (Burlington, VT), a property/casualty (P/C) subsidiary of Ameriprise. In addition, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IRs) of Ameriprise. The outlook of all these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the Long-Term IRs.)