KBRA Revises Venerable Outlook to Positive and Affirms Ratings


WEST CHESTER, PA — Venerable recently announced that Kroll Bond Rating Agency, LLC (KBRA) has recently affirmed the BBB- issuer and debt rating of Venerable Holdings, Inc., and the A- insurance financial strength rating of its subsidiaries, Venerable Insurance and Annuity Company (VIAC) and Corporate Solutions Life Reinsurance Company (CSLR), as well as VIAC’s and CSLR’s BBB surplus note ratings.

Additionally, KBRA has upwardly revised its outlook of Venerable from Stable to Positive, noting that it is expected that Venerable will continue to successfully onboard and manage acquired books of business, and that future acquisitions will be structured and financed in a way that would not, for a sustained period, have a material negative impact on Venerable’s operational or financial profile or its conservative approach to financial management.

“KBRA’s affirmation of our ratings and revised outlook confirms Venerable as a provider of choice in the variable annuity risk transfer solutions space,” said David Marcinek, Chairman of Venerable. “We have consistently demonstrated an ability to structure and close complex transactions, all while remaining diligent in our risk management and hedging practices, and capitalization and liquidity philosophies. We remain focused on the robust deal pipeline our strength has helped generate.”

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