AUL reports strong 2009 finish Sales and distribution growth reach record levels
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Indianapolis (March 29, 2010) – Despite continued economic uncertainty, American United Life Insurance Company® (AUL), a OneAmerica company, has reported a record year for 2009 that includes a 33 percent growth rate in life sales and a 56 percent growth in its agency distribution system.
“We felt it was important to stick to our strategy despite the distractions of a struggling economy, and it paid off,” said AUL Senior Vice President Mark Wilkerson. “That meant playing to our strengths as a mutual organization and providing customers with a financially strong, conservatively managed company that offers sound planning options, regardless of the environment.”
According to industry data provided by LIMRA, AUL’s life and annuity sales far outpaced the industry in 2009. AUL’s life insurance sales grew by 33 percent, compared to a 16 percent decline in life sales across the industry. While the industry average for annuity sales was down 11 percent for the year, AUL’s sales were up 17 percent.
“Our success in 2009 was not the result of doing anything different, but continuing to do the right things even more effectively,” continued Wilkerson. “We grew distribution by adding exceptional financial representatives that meet our high standards, building long-term relationships with customers based on trust and backing up our commitments with one of the strongest and fastest-growing organizations in the industry.”
AUL’s unwavering commitment to its agency distribution attracted 19 new general agents and several hundred new career agents in 2009. Its strong value proposition includes a support model that promotes knowledge, skill development and career growth, primarily through its new Center of Excellence.
“Our record results would be gratifying in any year,” added Dayton H. Molendorp, chairman, president and CEO for OneAmerica. “But against the backdrop of a struggling economy, our growth demonstrates that the OneAmerica companies were a beacon for those searching for stability and security.”
About AUL
American United Life Insurance Company® (AUL), a OneAmerica company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers plan for tomorrow by helping to protect their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. 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 benefits. 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 plan to meet their financial goals.
We deliver on our promises when customers need us most.
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