TIAA Statement on “Triple-A” Financial Strength Rating from Fitch

April 20, 2010

Fitch Rating’s affirmation of the “AAA” insurer financial strength rating of the Teachers Insurance and Annuity Association of America (“TIAA”) reflects TIAA’s exceptionally strong capacity to meet policyholder and contract obligations. Fitch’s outlook on TIAA is stable, based on Fitch’s review of TIAA’s capitalization, liquidity, financial flexibility and operating results. 

In a statement released today, Fitch said that “TIAA has demonstrated its ability to generate strong and stable statutory operating earnings.” TIAA’s rating also reflects Fitch’s view that “the company’s liability structure is extremely stable and relatively low risk.”

For more information on Fitch’s rating of TIAA, see these questions and answers.

These ratings do not apply to variable annuities, mutual funds, or any other product or service not fully backed by TIAA’s/TIAA-CREF Life’s claims-paying ability.
 

About TIAA-CREF

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $414 billion in combined assets under management (12/31/09) and the leading provider of retirement services in the academic, research, medical and cultural fields.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

Media Contact:

Chad Peterson, Director, Corporate Media Relations
cpeterson@tiaa-cref.org, 704 988-6811 Cell: 917 715-9083