Financial strength

Financial strength

We are dedicated to ensuring Constellation and our family of companies remains financially strong and stable, now and for generations to come. We practice disciplined financial management and are committed to taking the right steps to position the organization better for the future.

Balance sheet strength

as of 12/31/2022

$2.69 billion

Adjusted statutory net worth1

$1.93 billion

ONLIC2 total adjusted capital

$34.7 billion

Assets under management3

$2.52 billion

Total GAAP equity excluding AOCI4

1 Consolidated statutory surplus and AVR (without duplication) of all insurance entities + Constellation Insurance, Inc. cash and investable assets
2 The Ohio National Life Insurance Company
3 Non-GAAP financial measure. Represents GAAP assets in addition to financial assets managed by Constellation.
4 Accumulated other comprehensive income

Revenue, assets and investments 

Circle chart showing $2.11 billion in operating revenue as of 12-31-22.
(Trailing twelve months / non-GAAP financial measure which represents revenue adjusted primarily for net realized gains and losses)
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Circle chart showing domestic invested assets is $12.3 billion as of 12-31-22.
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Circle chart showing investment bond quality as of 12-31-22.
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We consistently earn high marks for financial security and claims paying ability from independent rating analysts.

A.M. Best

Financial strength: A

Outlook: Stable

Issuer credit rating: a+


Financial strength: A-

Outlook: Stable

Issuer default rating: BBB


Financial strength: Baa1

Outlook: Stable

Unsecured debt rating: Ba1

A.M. Best Company: "A," its third-highest ranking out of 16 categories. Fitch: “A-,“ its seventh-highest ranking on a 21-part scale. Moody's: "Baa1," its eight-highest ranking on a 21-part scale. All ratings information is according to reports published on:, and Ratings are accurate as of 10-2023.

Our investors and partners

Constellation Insurance founding investors and equal partners, Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers' Pension Plan Board (Ontario Teachers'), are two of the largest long-term institutional investors in North America.

Together, they manage a total of more than C$649 billion in net assets, including over C$139 billion in private capital investments. (As of Dec. 31, 2022)

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