Our Story

Our mission is to establish market-leading financial services businesses that leverage our scale, robust capital position, strong ratings and world-class institutional ownership.

We have a demonstrated track record to swiftly adapt to changing environments and capitalize on market opportunities to build a leading, diversified insurance and financial services group over a relatively short period of time.

2019

Constellation is founded by Anurag Chandra with a $500M commitment from CDPQ and Ontario Teachers

2021

Sponsored demutualization of Ohio National Financial Services announced

$1.5B credit facility closed with a syndicate of leading global banks

2022

$500M preferred equity capital raised to finance Ohio National demutualization

Sponsored demutualization of Ohio National Financial Services closes

$4.8B whole life financial reinsurance transaction with Hannover Re closes

A.M. Best affirms “A” rating*

2023

AuguStar Retirement and AuguStar Life brands launch

Constellation Re closes $10B Prudential block reinsurance transaction

2024

Fitch rating – Positive outlook

Fitch affirms “A-“ rating and revises outlook to positive from stable*

Constellation Investments launches with $30B in assets under administration

Ohio National Seguros de Vide S.A. completes Zurich – Chile annuity business transaction

Constellation Re establishes Bermuda entity to expand reinsurance business

Constellation Re closes on a bespoke $750M financing arrangement supporting its variable annuity business

AuguStar Retirement completes first full year of sales, reaching $2.5B

2025

Ohio National Seguros de Vida businesses in Chile and Peru plan merger to become AuguStar Seguros in August 2025

¹ Includes statutory assets of U.S. insurance operations, plus GAAP assets of entities that do not produce statutory financial statements plus reinsured separate account assets for Constellation Insurance, Inc.; as of 12/31/2023.

² 2024 Enterprise GAAP Equity figures are unaudited.

³ GAAP Equity excluding accumulated other comprehensive income (AOCI) for Constellation Insurance, Inc.

*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 eighth-highest ranking on a 21-part scale. All ratings information is according to reports published on: ambest.com/ratings, fitchratings.com, and moodys.com/insurance. Ratings are for AuguStar Life Insurance Company, AuguStar Life Assurance Corporation and National Security Life and Annuity Company and are accurate as of 12/4/2024.