A.M. Best Co. affirms A+ (Superior) financial strength rating of the OneAmerica companies
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
Indianapolis (May 14, 2012) – A.M. Best Co. has affirmed the A+ (Superior) financial strength rating of American United Life Insurance Company® (AUL) and its affiliates The State Life Insurance Company and Pioneer Mutual Life Insurance Company, all OneAmerica companies. A.M. Best also affirmed AUL’s issuer credit rating of “aa-,” the issuer credit rating and senior debt rating of “a-“ assigned to OneAmerica Financial Partners Inc. and the debt rating of “a” on the outstanding surplus notes of AUL. The outlook for all ratings remains stable.
“A.M. Best’s affirmation recognizes our successful focus on growth,” said Dayton H. Molendorp, chairman, president and CEO of OneAmerica. “OneAmerica’s ability to grow its business despite current market challenges contributes to the financial strength that our customers value, particularly in tough economic times.”
In a statement, A.M. Best notes that “these rating actions reflect OneAmerica’s consistently strong sales, favorable retention and positive net flows, which continue to contribute to solid operating earnings within its core businesses of retirement services and individual life. Additionally, the ratings recognize OneAmerica’s sound capitalization and continued expansion of its distribution channels, particularly within retirement services, that have facilitated organic growth.”
A.M. Best went on to note that “OneAmerica continues to differentiate itself with growing positions in several markets including full-service small-to-medium retirement plans, life insurance and asset-based long-term care.”
A.M. Best also underscored how OneAmerica’s investment portfolio “has continued to perform significantly better than many of its life/annuity peers with regards to realized and unrealized losses over the last few years.”
“Today’s news is particularly gratifying since it was just one year ago A.M. Best upgraded the OneAmerica companies to A+ (Superior), a rarity among life insurance groups these past several years,” added Molendorp. “We will continue striving for excellence and adhering to the principles of customer value and mutuality that have gotten us where we are today.”
About OneAmerica
OneAmerica Financial Partners Inc. is headquartered in Indianapolis, Ind. The companies of OneAmerica® can trace their solid foundations back more than 130 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plan products and services; individual life insurance, annuities, long-term care solutions and employee benefit plan products. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers and other distribution sources that are committed to increasing value to our policyholders by helping them prepare to meet their financial goals.
Life insurance and annuities are issued by AUL, and variable insurance products are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, IN 46204, 1-877-285-3863, which is a wholly owned subsidiary of AUL.
-END-
