2012 Rating Highlights
Ohio National's ratings have not changed since 1991. Independent industry analysts in the past year reaffirmed the affiliated companies' very strong financial security ratings. These included:
•Standard & Poor's: "AA" (Very Strong), its third-highest ranking on a 21-part scale, for financial strength. The report noted that the rating reflected "very strong capitalization... demonstrated earnings diversity... low-cost structure and diversified distribution networks." •A.M. Best: "A+ (Superior)," its second-highest rating of 16 categories, based on the company's balance sheet strength, operating performance and business profile. A.M. Best noted that the rating reflected "increasing market penetration and efficient expense structure... strong core operating fundamentals of persistency, mortality, risk management and investment results." •Moody's: "A1," its fifth-highest financial strength rating on a 21-part scale, based on the ability to pay policyholder benefits and repay debt obligations. Moody's cited Ohio National's "conservative investment portfolio... strong capital position... and solid asset/liability management."
2012 Company Recognition
Ohio National was recognized as the #1 Top Workplace in Cincinnati (Large Company) by Enquirer Media in 2012. The company also earned #1 status in 2010 and was #2 in 2011. The Top Workplace recognition was based on confidential surveys to all associates, including questions related to leadership, direction, environment, communications, trust, work/life flexibility, appreciation and benefits. Eighty eight percent of associates participated in the 2012 survey.
2012 Community Stewardship
Ohio National's seventh and eighth Habitat for Humanity homes were constructed in Cincinnati during 2012. In recognition of its centennial in 2009, Ohio National made a $780,000 gift to Cincinnati Habitat for Humanity, the largest one-time gift in the local group's history. The funds were designated for the construction of 10 homes over five years in several Cincinnati neighborhoods. Additionally, the Ohio National Foundation donated more than $1 million during 2012 to non-profit organizations in the Greater Cincinnati area.
OHIO NATIONAL MUTUAL HOLDINGS, INC. Affiliated companies: Ohio National Financial Services, Inc. The Ohio National Life Insurance Company Ohio National Life Assurance Corporation (Consolidated) Summary Results: Through Dec. 2012 12/12 12/11 % change -------- -------- --------Total Equity (billions) $2.1 $2.0 * 9.0%(including mark-to-market1)Total Equity (billions) $1.9 $1.8 * 4.4%(excluding mark-to-market²)Total Assets Under Management (billions) $34.7 $30.6 13.4%Core Earnings (millions) $204.8 $205.6 (0.4)%Total Statutory Surplus (millions) $1,045.6 $902.5 15.9%The financial data presented above is derived from results on the basis ofGenerally Accepted Accounting Principles (GAAP), except for surplus. Allfinancial information in this news release is considered unaudited becausethe final audit process is not yet complete.1 Including mark-to-market shows the effect of our bonds designated asavailable-for-sale value at fair value.2 Excluding mark-to-market shows the effect of our bonds designated asavailable-for-sale at amortized cost.* Amounts have been adjusted for the adoption of Accounting Standards Update2010-26, Accounting of Costs Associated with Acquiring or Renewing InsuranceContracts adopted retrospectively on January 1, 2012.
Tracing its corporate origins to 1909, Ohio National today markets a variety of insurance and financial products through more than 50,000 representatives in 47 states (all except Alaska, Hawaii and New York), the District of Columbia, Puerto Rico and through subsidiary operations in Santiago, Chile. Products are issued by The Ohio National Life Insurance Co. and Ohio National Life Assurance Corporation. Ohio National has more than 965 corporate headquarters associates. Visit www.ohionational.com for more information.
Ohio National has received high marks for financial strength and claims paying ability from major rating agencies; however, such ratings do not refer to the performance of its variable accounts nor imply approval of its variable contracts or its portfolios. All ratings information is according to reports published on: www.standardandpoors.com, www.ambest.com/ratings and www.moodys.com/insurance. Ratings are accurate as of 2/15/13. For the most current ratings, see www.ohionational.com.
Dividend scales are subject to change at the discretion of the Board of Directors.
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Adrienne Gutbier, APR
513.794.6254 office
513.508.9436 cellular
