A.M. Best Co. affirms A+ (Superior) financial strength rating of the OneAmerica companies

For the second year in a row, A.M. Best Co. has affirmed the A+ (Superior) financial strength rating of American United Life Insurance Company^®(AUL) and its affiliates The State Life Insurance Company and Pioneer Mutual Life Insurance Company, all OneAmerica companies. A.M. Best upgraded the OneAmerica companies to A+ (Superior) in 2011. A.M. Best has also affirmed AUL’s issuer credit rating of AA-, the issuer credit rating and senior debt rating of A- assigned to OneAmerica Financial Partners Inc. and the debt rating of A on the outstanding surplus notes of AUL. The outlook for all ratings remains stable.

“This affirmation by A.M. Best recognizes our strengths and continued strong performance in areas such as retirement services, life insurance and asset-based long-term care that are positioning us well even in an environment that continues to be challenging for our industry,” said Dayton H. Molendorp, chairman, president and CEO of OneAmerica. “The recognition of these areas validates that we are successfully delivering on key strategic priorities.”

In its release, A.M. Best noted “the ratings reflect OneAmerica’s strong risk-adjusted capital, consistent sales growth, excellent retention and positive net flows, which continue to contribute to solid operating earnings within its core businesses of retirement services and individual life. OneAmerica continues to differentiate itself with successful growth in its full service small-to-medium size retirement plans, life insurance and asset-based long-term care.”

A.M. Best went on to note that “OneAmerica’s mutual holding company structure facilitates a strategy focused on long-term financial strength; it has a mature enterprise risk management framework and a generally well protected liability structure with reasonable surrender charge protection, modest level of equity market risk and favorable persistency.”

A.M. Best also underscored how OneAmerica’s investment management performance is “strong, evidenced by lower than peer realized and unrealized losses over the last several years.”

“This affirmation by A.M. Best is important because it reflects our ongoing commitment to financial strength, pursuing excellence and working in the best interest of our customers,” added Molendorp. “This action reflects that we are focusing on the right things and taking the right steps to ensure we continue to deliver on our promises.”

About OneAmerica
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 clients. 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 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.

Follow OneAmerica on Twitter at @OneAmericaNews.

Life insurance and annuities are issued by AUL. One American Square, Indianapolis, IN 46202.