AM Best Affirms Credit Ratings for Blumont Annuity Company

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OLDWICK, NJ — AM Best has affirmed a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Outstanding) for Blumont Annuity Company (Blumont) (Toronto, Ontario, Canada). The outlook for these credit ratings (ratings) is stable.

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The ratings reflect the strength of Blumont’s balance sheet, which AM Best assesses as very strong, as well as its adequate performance, neutral business profile and appropriate business risk management.

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Blumont’s risk-adjusted capital is considered strong in 2024, as measured by Best’s Capital Adequacy Ratio (BCAR), with results for the third quarter of 2025 showing a similar assessment. While some volatility is expected due to volatility in deal flow as pension risk transfer (PRT) purchase and purchase agreements are finalized, the balance sheet continues to be supported by profitable operations and adequate cash flow. Asset and liability matching is well managed with many untapped external sources available. In addition, the company has established a good re-certification program with highly rated partners that works to strengthen financial management.

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Blumont is well established as a key player in the Canadian PRT space, gaining significant market share, often ranking second in annual sales in recent years. The company continues to see record earnings year after year and has remained profitable throughout its full operating history less the first loss during its first full year of operation in 2017. Although market share and earnings are also subject to volatility due to the nature of the business line, AM Best expects the company to remain a competitive player for the foreseeable future.

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This press release relates to the credit ratings published on AM Best’s website. For all rating information related to the release and appropriate disclosures, including information on the individual rating agency listed in this release, please see AM Best.

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Website. For more information on the use and limitations of Credit Ratings concepts, please see

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Guide to Good Credit Ratings

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. For information on the best use of Best Credit Ratings, Best Performance Tests, Best First Credit Tests and AM Best’s press release, please view.

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A Guide to Effective Use of Effective Assessments and Evaluations

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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Based in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

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