OneAmerica total sales up 29 percent through third quarter
Retirement services sales up more than 50 percent over same period in 2010
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
Indianapolis (Dec. 6, 2011) – Despite continued financial and political volatility, the companies of OneAmerica Financial Partners, Inc. have continued to perform well, generating excellent sales results and improving an already strong capital position through the third quarter of 2011. OneAmerica today announced enterprise sales growth of 29 percent year-over-year.
“Customers and financial professionals have increasingly turned to the companies of OneAmerica for products and services that add real value,” said Dayton Molendorp, chairman, president and CEO. “OneAmerica’s mutual heritage puts the customer first, and its track record of financial strength and stability in any market environment is appealing to those looking for a financial services firm they can trust.”
OneAmerica’s financial highlights through the first three quarters of 2011 include:
* Total sales grew by 29 percent led by retirement services sales growth in excess of 50 percent when compared to last year.
* GAAP assets have grown to $25.1 billion.
* OneAmerica’s investment portfolio continues to be among the strongest in the industry, with virtually no capital losses in 2011. OneAmerica’s bond portfolio’s market value was more than 111 percent of book value at the end of the quarter, and the yield on invested assets continues to be above the industry average.
* Statutory capital and surplus have grown 7 percent since the end of 2010.
* GAAP pre-tax operating income is $102.6 million through the first nine months of 2011.
* A.M. Best upgraded the OneAmerica companies (AUL, State Life & PML) from A (Excellent) to A+ (Superior) on May 10. This is the second highest of 16 possible ratings. In addition, our AA- (Very Strong) enterprise ratings were affirmed again for AUL and State Life on August 4 by Standard & Poor’s. This is the fourth highest of 21 possible ratings.
Molendorp also stated that OneAmerica is well-positioned to finish 2011 with one of its strongest performances ever and with increased levels of financial strength.
“Because the current environment remains challenging, we will stay diligent in focusing on growth while continually providing value to our customers,” said Molendorp. “Our success through the third quarter demonstrates our ability to do just that.”
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.
We deliver on our promises when customers need us most.
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