The Toronto-Dominion Bank

TD

CA8911605092

Banks

Market Closed - Toronto S.E. Other stock markets 01:46:56 14/03/2026 am IST			5-day change	1st Jan Change
128.05 ^CAD	-0.15%		-1.55%	-1.01%

12/03	TD Focused on Growing Mortgage Originations, Credit Cards Business	MT
12/03	The Toronto-Dominion Bank Presents at RBC Capital Markets Global Financial Institutions Conference 2026, Mar-11-2026 02:40 PM

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Cowen Reinsurance S.A

Published on 01/19/2026 at 03:33 pm IST

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THE TORONTO-DOMINION BANK

-0.15%

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' (Good) of Cowen Reinsurance S.A. (Cowen Re) (Luxembourg).

The Credit Ratings (ratings) reflect Cowen Re's balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

Cowen Re's ratings were placed under review with negative implications initially on June 15, 2023. This was due to the uncertainty regarding Cowen Re's future ownership, given that AM Best does not expect the company to form a part of Toronto-Dominion Bank's (TD Bank) long-term plans. Additionally, the negative implications status reflects the uncertainty regarding the company's strategic plans and the negative trend on the company's business profile, which puts the company under expense strain. Cowen Re's five-year weighted average combined ratio (2020-2024) stood at 122.9% (as calculated by AM Best).

The resolution of TD Bank's plans for Cowen Re has taken longer than AM Best originally expected. The ratings will remain under review with negative implications until AM Best has gained certainty regarding the company's long-term ownership and business plans.

This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings (BCR), Best's Performance Assessments (PA), Best's Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

Latest news about The Toronto-Dominion Bank

12/03	TD Focused on Growing Mortgage Originations, Credit Cards Business	MT
12/03	The Toronto-Dominion Bank Presents at RBC Capital Markets Global Financial Institutions Conference 2026, Mar-11-2026 02:40 PM
10/03	The Toronto-Dominion Bank Receives Shareholder Proposals from Gina Pappano	CI
10/03	Gina Pappano Withdraws its Shareholder Proposal	CI
10/03	The Toronto-Dominion Bank Receives Shareholder Proposals from Mouvement d?éducation et de défense des actionnaires	CI
10/03	Mouvement d?éducation et de défense des actionnaires Submits Shareholder Proposals with The Toronto-Dominion Bank	CI
27/02	RBC Adjusts Price Target on Toronto-Dominion Bank to CA$148 From CA$133, Maintains Outperform Rating	MT
27/02	RBC Hikes TD Bank Price Target to $148, on Q1 Results	MT
27/02	TD Bank Price Target Raised to $140 at CIBC	MT
27/02	TSX falls as weakness in commodities offsets gains in tech stocks	RE
27/02	Dominion Lending Centres Inc. Amends and Extends Senior Credit Facilities with the Toronto-Dominion Bank to $40 Million Revolving Credit Line and Extends Maturity to February 26, 2031	CI
27/02	TSX hits another record high as banks beat earnings estimates	RE
27/02	RBC, other big Canadian banks beat profit estimates as economy resists tariff impact	RE
27/02	Toronto Dominion Bank's quarterly profit rises on higher interest income	RE
27/02	Toronto Dominion Bank's quarterly profit rises on higher interest income	RE

Chart The Toronto-Dominion Bank

Duration

Period

TD: Dynamic Chart

Company Profile

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, which provides financial products and services to personal, small business and commercial customers, and includes TD Auto Finance Canada; U.S. Retail segment, which is comprised of personal and business banking in the United States, operating under the brand TD Bank; Wealth Management and Insurance segment includes the Canadian wealth business which provides investment products and services to institutional and retail investors, and the insurance business which provides property and casualty insurance, as well as life and health insurance products to customers across Canada, and Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures.

Employees

1,04,841

Sector

Banks

Calendar

09/04 - Ex-dividend date - 1.08 CAD

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