-- Financial strength ratings reaffirmed in 2009, and every year for
nearly 20 consecutive years, by three major independent rating agencies:
A.M. Best, Moody's, and Standard & Poor's.
-- Nineteen consecutive years of increases in individual life sales (1990
through 2008), a record unparalleled in the industry.
-- Dividends paid on all participating whole life policies, for 85 years
in a row.
-- A consistent record of strong financial results, competitive products,
and conservative investment management that has served the company well
during the recent turmoil in the overall economy and the investment
markets.
"As we celebrate this milestone, we are committed to the tenets of security
and protection for our policyholders. These have, and continue to be, the
cornerstones of our business," said David B. O'Maley, chairman, president
and chief executive officer of Ohio National. "No matter the time, or the
economic climate, we believe that success starts by staying true to your
core values and then keeping the focus on what you do best. That's always
been how Ohio National has operated."
What the Experts Say About Ohio National
The independent rating agencies who regularly monitor insurance companies
have assigned high ratings to Ohio National. All three ratings were
reaffirmed in 2009 (S&P in February, A.M. Best in June, and Moody's in
July), while a number of major insurance organizations have been downgraded
in recent months. It is especially noteworthy that Ohio National's ratings
from these major analysts have not changed since 1991.
-- A.M. Best: A+ (Superior), second-highest rating on a 16-part scale.
The company noted that the rating reflected "consistently favorable
operating performance, solid competitive position built on diverse
distribution channels, very strong capitalization, and strong life
insurance underwriting discipline."
-- Moody's Investors Service: A1, fifth highest on a 21-part scale.
Moody's cited "prudent risk management measures ... low unit costs and
efficient operations ... strong product development capability ...and solid
asset/liability management" in awarding this rating.
-- Standard & Poor's Ratings Services: AA (Very Strong), third-highest on a
21-part scale.
For their rating, the S&P analysts saw "very strong capitalization ...
consistently favorable operating performance, solid competitive position
... risk management culture characterized by conservatism regarding most
significant risks and efficient execution of operating fundamentals."
"Consistency in performance and constancy in our service to policyholders
-- those are the hallmarks of Ohio National," O'Maley said. "Those traits
have carried us for our first century and put us in a great position for
our second."
In addition to the ratings reaffirmations, Ohio National was recognized
among the Top 50 Performing Insurance Companies in July 2009 by the Ward
Group, which analyzes the financial performance of more than 800 life and
health insurance companies every year. Each "Ward's 50" company must pass
all safety and consistency screens and achieve superior performance over a
five-year period to qualify for this elite group.
Investing In Community
Business success depends in part on a supportive community, and
anniversaries are a time for gifts. Ohio National is recognizing that with
a $780,000 donation to Cincinnati Habitat for Humanity, to fund the
construction of 10 homes over the next five years, through 2013 -- one home
for each decade of the company's history. It is the largest one-time gift
ever made to Cincinnati Habitat for Humanity. Construction began on the
first home in May and was completed last month, and the second home is
currently under construction.
"Our partnership with Cincinnati Habitat for Humanity is a living
representation of Ohio National's tagline, 'Life Changes. We'll be there,'"
said O'Maley.
Tracing its corporate origins to 1909, Ohio National today markets a
variety of insurance and financial products through more than 40,000
representatives in 47 states (all except Alaska, Hawaii and New York), the
District of Columbia, Puerto Rico and through subsidiary operations in
Santiago, Chile. As of December 31, 2008, its affiliated companies have
$21.6 billion total assets under management. Products are issued by The
Ohio National Life Insurance Company and Ohio National Life Assurance
Corporation. Voted Cincinnati's "Best Place to Work" (large category) by
the Business Courier (November 2003) and "25 Best Medium-Sized Companies to
Work for in America" by the Great Place to Work Institute (June 2004), Ohio
National has more than 850 corporate headquarters associates. Visit
www.ohionational.com for more information.
All information according to reports published on www.moodys.com/insurance,
www.standardandpoors.com and www.ambest.com
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 our variable accounts nor imply approval of our
variable contracts or their portfolios.
Contact Information: Contact: Adrienne Gutbier, APR 513.794.6254 office 513.520.1612 mobile