Market Overview

Standard & Poor's Affirms Allianz Life's AA (Very Strong) Rating

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Dominant Position in the FIA Market and Well-Established Distribution
Network Cited by Ratings Agency

Allianz Life Insurance Company of North America (Allianz
Life®
) announced today that Standard & Poor's (S&P) has affirmed its
AA (Very Strong) rating and offered a stable outlook for the company.

"Allianz Life has now maintained this high rating for over a decade,"
said Walter White, president and CEO, Allianz Life. "This is yet another
indicator of our ongoing strength and stability that allows us to
maintain our promises to our customers today, tomorrow and for decades
to come."

In its report, S&P cited Allianz Life's leadership position in the fixed
index annuity market with nearly a 14-percent share at the end of 2017,
in addition to its well-established distribution platform. The report
also noted Allianz Life's increasing market share in index variable
annuities. Additionally, the report mentioned the strong brand
recognition Allianz Life has achieved through its parent Allianz SE, as
well as the substantial and consistent dividend contributions paid to
its parent.

Allianz Life has maintained its AA (Very Strong) rating for the past 11
years. The AA (Very Strong) rating is the third highest of 21 possible
ratings.

About Allianz Life Insurance Company of North America

Allianz
Life Insurance Company of North America
, one of FORTUNE's 100 Best
Companies to Work For® in 2018, has been keeping its promises since
1896. Today, it carries on that tradition, helping Americans achieve
their retirement income and protection goals with a variety of annuities
and life insurance products. In 2017, Allianz Life provided a total of
$2.7 billion in benefit payments that supported policyholders' financial
objectives. As a leading provider of fixed index annuities, Allianz Life
is part of Allianz SE, a global leader in the financial services
industry with 142,000 employees in more than 70 countries worldwide.
More than 85 million private and corporate customers rely on Allianz
knowledge, global reach, and capital strength to help them make the most
of financial opportunities.

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