Ratings agency, Standard & Poor’s, has confirmed Standard Life’s ‘Triple A’ rating — the highest possible — for its financial strength.

The rating is based on the insurer’s “extremely strong capitalization, extremely strong business position, very strong operating performance, and strong management team.”

“We are naturally delighted to have our ‘Triple A’ financial strength rating confirmed by Standard & Poor’s. This will reassure our with profits policyholders in these uncertain and volatile times,” says Standard Life’s group finance director John Hylands.

In Canada, Standard Life has over $28 billion in assets under management and offers a wide range of financial products and services to more than 1 million clients. Total premium income and deposits reached $3.7 billion in 2001.