Financial Ratings


The financial strength of the OneAmerica companies is evident by the favorable ratings assigned by independent industry ratings organizations.

[Top]S&P2 AA- (Very strong) — Stable outlook

Standard and Poor's AA- (Very strong) rating is fourth highest of 21 possible ratings, according to the report dated August 4, 2011, and reflects:

  • Very strong capitalization with overall capital redundant at AAA rating level
  • Diverse business profile supported by above-average growth in key business segments
  • Strong liquidity profile supported by a high-quality and very conservatively managed investment portfolio
  • Long-term strategy of policyholder value protection while striving to maintain a strong balance sheet, profitable growth and geographic expansion

 

[Top]A.M. Best1 A+ (Superior) — Stable outlook

A.M. Best's A+ (Superior) rating is second highest of 16 possible ratings,
according to the press release dated May 10, 2011, and reflects:

  • Diversified sources of earnings and revenue
  • Solid risk-adjusted capital position
  • Consistently favorable operating performance in core business lines
  • Growth in statutory premium, capital and net income that has consistently outpaced mutual peers in recent years.

These ratings reflect rating agency assessments of the financial strength and claims-paying ability of the insurance companies listed. They are not intended to reflect the investment experience or financial strength of any variable account, which is subject to market risk. Because the dates are only updated when there's a change in the rating, the dates above reflect the most recent ratings we have received. Please know that these ratings can change at any time.

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2010 financial results

  • +

    The companies of OneAmerica 4
    Total assets $24.4 billion
    Total revenue $1.3 billion
    Total equity $1.9 billion
    Combined total available capital6 $1.3 billion
    Net income $121.9 million
  • +

    American United Life Insurance Company® 3,5
    Total assets $16.5 billion
    Premium and other income $2.5 billion
    Total surplus (incl. AVR7) $876.6 million
    Net investment income $467.5 million
    Group annuity and pension assets $11.2 billion
    Statutory pre-tax net gain $84.8 million
  • +

    The State Life Insurance Company 3,5
    Total assets $3.6 billion
    Total life insurance in force $12.0 billion
    Premium & other income $554.4 million
    Total surplus (inc. AVR7) $241.4 million
    Net investment income $190.1 million
    Statutory pre-tax net gain $31.3 million
  • +

    Pioneer Mutual Life Insurance Company (PML) 3,5
    Total assets $477.5 million
    Total life insurance in force $3.1 billion
    Premium & other income $28.4 million
    Total surplus (inc. AVR7) $38.5 million
    Net investment income $27.3 million
    Statutory pre-tax net gain $5.6 million

 1
American United Life Insurance Company® (AUL), The State Life Insurance Company, and Pioneer Mutual Life Insurance Company (PML).
 2
American United Life Insurance Company® and The State Life Insurance Company.
 3
AAUL, State Life, and PML are stock subsidiaries of American United Mutual Insurance Holding Company.
 4
Financial results are produced according to Generally Accepted Accounting Principles (GAAP). These consolidated results include AUL and its subsidiaries, PML, State Life, R.E. Moulton and OneAmerica Securities.
 5
Numbers reported on a statutory basis.
 6
For the companies of OneAmerica, total available capital is calculated by adding statutory surplus, asset valuation reserve, 50% of the policyholder dividend liability of the insurance entities, and liquid assets held at the holding company.
 7
Includes asset valuation reserve.

Note: OneAmerica is a stock holding company, not a licensed insurance company.

 

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