In a remarkable affirmation of its financial stability and commitment to excellence, AM Best has validated the strong credit ratings of Ameriprise Financial, Inc. and its insurance subsidiaries, RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York. This recognition not only highlights the company’s robust financial standing but also reflects its dedication to community engagement and support, particularly for military personnel and those facing food insecurity.
Affirmation of Credit Ratings
On October 17, 2023, AM Best announced its decision to affirm the Financial Strength Rating (FSR) of A+ (Superior) along with the Long-Term Issuer Credit Ratings (Long-Term ICRs) of aa- (Superior) for RiverSource Life Insurance Company and its subsidiary, RiverSource Life Insurance Co. of New York. These ratings signify the companies exceptional ability to meet their ongoing insurance obligations, indicating a high degree of financial stability.
RiverSource Life Insurance Company, based in Minneapolis, MN, along with its New York subsidiary, forms the backbone of Ameriprise’s life and health insurance services. The affirmation of these ratings underscores Ameriprise s significant role in the financial sector, providing reliable and trusted services to its clients.
AM Best’s assessment is crucial as it instills confidence among customers, investors, and stakeholders in Ameriprise’s capacity to fulfill financial commitments, particularly important in an increasingly volatile economic climate.
Recognition as a Military Friendly Employer
In addition to its commendable financial ratings, Ameriprise Financial has reinforced its commitment to social responsibility and inclusivity. For the eleventh consecutive year, the company has been named a 2025 Military Friendly Employer by VIQTORY, an organization dedicated to connecting military veterans to opportunities in the civilian workforce.
This designation reflects Ameriprise s ongoing efforts to foster an inclusive work environment that supports military community members. The company has been proactive in implementing programs that make transitions to civilian life smoother for veterans, by providing them with job training, mentorship opportunities, and a culture that values their service.
Being recognized as a Military Friendly Employer not only strengthens Ameriprise’s reputation but also attracts a diverse talent pool that enriches the workforce with unique experiences and perspectives derived from military service.
Community Engagement Through Feeding America
Ameriprise Financial is also making significant strides in community support, particularly in combating food insecurity. As part of its ongoing social responsibility initiatives, Ameriprise has announced a match campaign for donations made to Feeding America through October 31. The company has committed to matching donations up to $250,000, maximizing the impact of every dollar donated.
This initiative is especially timely, as more than 47 million people in the United States 14 million of whom are children lack consistent access to nutritious food. With each dollar donated, Feeding America can provide 20 meals, effectively doubling the standard food bank donation impact during this campaign.
By supporting Feeding America, Ameriprise demonstrates its commitment to addressing food insecurity, a critical issue affecting millions of families and individuals across the nation. This initiative not only embodies core values of compassion and community service but also inspires employees and stakeholders to engage in philanthropic activities that make a tangible difference.
Conclusion
Ameriprise Financial’s recent achievements in both financial stability and community commitment showcase the company’s holistic approach to corporate responsibility. With AM Best affirming its strong credit ratings, recognition as a Military Friendly Employer, and a proactive stance on food insecurity issues, Ameriprise exemplifies the dual focus on business excellence and social impact. As the company continues to navigate the complexities of the financial landscape, its steadfast dedication to service both to its clients and the broader community positions it as a leader in fostering an inclusive and supportive environment for all.
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