A.M. Best Affirms Ratings of OneAmerica

OneAmerica announced today that insurance rating agency A.M. Best has affirmed the A+ (Superior) financial strength rating of American United Life Insurance Company^® (AUL) and its affiliates, The State Life Insurance Company^® (State Life) and Pioneer Mutual Life Insurance Company^® (PML), the second highest of 16 ratings assigned by the agency.

“We are pleased that A.M. Best continues to recognize our financial strength and strong operating performance,” said OneAmerica President and CEO Scott Davison. “As a mutual organization, we are focused on maintaining our unquestioned financial strength and developing trusted relationships that are valued by our customers and the field partners who serve them.”

A.M. Best noted, “The ratings reflect OneAmerica’s consistently strong sales growth and positive net flows within Retirement Services, which continue to contribute to strong operating earnings. The ratings also reflect the diversified sources of revenue and earnings from its established niche position within its core Retirement Services and Individual Life segments, excellent persistency, well-managed investment portfolio and strong enterprise risk management framework.”

“The ratings recognize increased scale within Retirement Services through recent acquisitions within its recordkeeping trust platform, continued growth in the full service, small-to-midsized retirement market and the long term progress made in improving its relative U.S. life market position,” A.M. Best stated. “Growth in this segment is primarily the result of its niche market position within life and annuity asset-based Care Solutions, which provide access to a long term care benefit.”

A.M. Best also noted, “The quality of the group’s balance sheet remains strong with sound risk-adjusted capitalization and a well-performing high quality investment portfolio with lower than average below investment grade bond exposure and strong issuer credit diversification.”

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 ambest.com/ratings/methodology. For the latest rating, access www.ambest.com.

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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.

About OneAmerica®
OneAmerica Financial Partners, Inc., headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 years in the financial services marketplace.

The OneAmerica companies offer a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and trust and record-keeping services; individual life insurance, annuities, asset based long-term care solutions and employee benefit plan products.

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 policyholders by helping them prepare to meet their financial goals. To learn more about our products, services and the companies of OneAmerica, visit www.OneAmerica.com/companies, the OneAmerica Newsroom or follow @OneAmerica on Twitter.

These ratings reflect rating agency assessments of the financial strength and claims-paying ability of the companies of OneAmerica. 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.