AUL recognized for 60 years of financial strength by A.M. Best Co.
Contact:
Paul T. Branks, Assistant Vice President, Corporate Communications
(317) 285-1437 or paul.branks@oneamerica.com
For Immediate Release:
Indianapolis (Aug. 4, 2010) – A.M. Best Co. has recognized American United Life Insurance Company® (AUL), a OneAmerica company for maintaining a rating of A or higher for 60 straight years.
Out of more than 1000 life and health insurance companies rated by A.M. Best, AUL was one of just 26 companies recognized for 60 or more consecutive years of financial strength. Companies were recognized in the July issue of Best’s Review magazine. Annually, A.M. Best analysts use proprietary data dating back to 1905 to determine companies with the longest records of consistent financial strength.
"We are honored to be recognized by one of the most widely-respected and objective sources for financial ratings,” said OneAmerica Chairman, President and CEO Dayton H. Molendorp. “The ratings from A.M. Best serve as a benchmark for the financial community in assessing our strength and stability. Given one of the most economically challenged environments since the Great Depression, to be recognized is to be distinguished.”
In June, A.M. Best affirmed AUL’s financial strength rating and revised the outlook from stable to positive. The ratings agency also noted OneAmerica’s sound risk-adjusted capital position, strong top line revenue growth and consistently strong operating performance in core business lines. Additionally, A.M. Best stated that ratings recognize OneAmerica’s diversified sources of revenues and earnings, and success in both its individual and retirement services segments.
The report stated, “OneAmerica has established and growing positions in full-service micro/small retirement plans, life insurance and asset-based long-term care. A.M. Best notes that OneAmerica’s investment portfolio has performed significantly better than most of its life/annuity peers with respect to both realized and unrealized losses over the last few years. Furthermore, OneAmerica’s mutual holding company structure facilitates a strategy focused on long-term financial strength, and its core product lines have minimal equity market exposure.”
About AUL
American United Life Insurance Company® (AUL), a OneAmerica company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers plan for tomorrow by helping to protect their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. 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 benefits. 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 plan to meet their financial goals.
We deliver on our promises when customers need us most.
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