AM Best Maintains Ratings for TruSpire Amid Acquisition by Malibu Life

AM Best has maintained an "under review with developing implications" status for both the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) for TruSpire Retirement Insurance Company, headquartered in Irving, Texas. This decision follows an announcement by Malibu Life Holdings Limited regarding its agreement to purchase TruSpire, which holds licenses in 44 states and primarily offers fixed-index annuity products. Although TruSpire is managing a limited runoff of its life and annuity business, the company has ensured sufficient capital and surplus to support its operations, generating a modest net income.

To finalize the acquisition, TruSpire is in the process of obtaining final regulatory approvals, which are expected by the second quarter of 2026. Details surrounding this transaction remain confidential as of now. AM Best pledges to provide updates on this development as more information emerges and conditions evolve. For a comprehensive overview of this credit rating and related disclosures, stakeholders are encouraged to visit AM Best's Recent Rating Activity web page. Further information on AM Best's ratings methodology is available in their Guide to Best's Credit Ratings.

As a leading global credit rating organization, AM Best provides news and data analytics with a strong focus on the insurance industry. Headquartered in the United States, the company delivers its services across more than 100 countries, with regional offices in major global financial centers including London, Amsterdam, and Hong Kong.