Market Overview

A.M. Best Assigns Credit Ratings to Brookfield Annuity Company


A.M. Best has assigned a Financial Strength Rating of B++ (Good)
and a Long-Term Issuer Credit Rating of "bbb+" to Brookfield Annuity
(Toronto, Ontario, Canada). Brookfield Annuity Company is a
wholly owned subsidiary of Brookfield Asset Management Inc. [TSX:
BAM.A; NYSE: BAM]. The outlook assigned to these Credit Ratings
(ratings) is stable.

The ratings reflect Brookfield Annuity Company's balance sheet strength,
which A.M. Best categorizes as very strong, as well as its marginal
operating performance, limited business profile and appropriate
enterprise risk management.

The balance sheet strength is assessed on the company's five-year
business plan with a very high level of capital injected into the
business at startup by the parent company. The company is a monoline
carrier in the pension risk transfer market in Canada. Brookfield
Annuity Company achieved a greater than 5% market share in its first
year of operations. The company expects to continue increasing sales as
they establish themselves as a significant player in the pension risk
transfer market. Since Brookfield Annuity Company is a newly formed
company, assessments with regard to operating performance or business
profile could provide rating enhancement once A.M. Best assesses the
business plan post-execution.

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

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