OneAmerica Financial Partners, Inc. today announced that insurance
rating agency A.M. Best has affirmed the financial strength rating of A+
(Superior) of American United Life Insurance Company (AUL) and its
affiliates, The State Life Insurance Company and Pioneer Mutual Life
Insurance Company. A+ (Superior) is the second highest of 16 ratings
assigned by the agency.
OneAmerica’s President and CEO, Scott Davison, said, “OneAmerica’s
industry leadership position and unquestioned financial strength have
once again been recognized by A.M. Best’s affirmed A+ (Superior) rating.
As a mutual organization, with no shareholders or Wall Street pressures,
our focus is squarely on the needs of our customers and the advisors who
serve them. Those who choose the products and services from the
OneAmerica insurance companies feel confident about their decision to
place their trust in us.”
A.M. Best noted, “OneAmerica’s mutual holding company structure
facilitates a strategy focused on long-term financial strength...” Among
other attributes, A.M. Best credited the A+ (Superior) rating to
OneAmerica’s solid risk-adjusted capital position, strong consolidated
top-line revenue growth, and exceptional retention which has resulted in
consistently favorable operating performance.
A.M. Best also recognized State Life's “leading market position in
hybrid products that feature access to life insurance benefits or
annuity account values to pay for long-term care.” In addition, they
explained, “The ratings reflect continued growth in full-service
small-to-medium retirement plans and overall improvement of OneAmerica’s
relative market position within the U.S. life industry.”
A.M. Best concurrently affirmed OneAmerica’s issuer credit ratings and
senior debt ratings of “a-” and the debt rating of “a” on AUL’s
outstanding surplus notes. The outlook for all ratings is stable.
The methodology used in determining these ratings is Best’s Credit
Rating Methodology, which provides a comprehensive explanation of A.M.
Best’s rating process and contains the different rating criteria
employed in the rating process. Best’s Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
For the latest rating, access www.ambest.com.
About A.M. Best Company
A.M. Best Company is the world's oldest and most authoritative insurance
rating and information source. For more information, visit www.ambest.com.
OneAmerica Financial Partners, Inc. (www.oneamerica.com),
headquartered in Indianapolis, Ind., has companies that can trace their
solid foundations back more than 135 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
customers. 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
nationwide 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.
Visit the OneAmerica
Newsroom or follow @OneAmericaNews
on Twitter for more information.
OneAmerica Financial Partners, Inc.
Christy Glesing, Media
Relations Director, 317-285-1468
Source: OneAmerica Financial Partners, Inc.