OneAmerica® Achieves All-time High in Sales, Benefits Paid

The companies of OneAmerica^® celebrate a record-breaking year in 2013 with all–time highs in sales, benefits paid, assets, premiums and capital. The financial services enterprise grew sales by 8 percent to $2.4 billion and paid a record $2.5 billion of benefits to customers in 2013—marking four consecutive years of record highs for each benchmark. Over six years, OneAmerica sales have achieved an impressive compounded annual growth rate of 14 percent.

Assets under administration grew by 11 percent in 2013 to the highest level in the company’s history at $36.4 billion. In addition, statutory premiums and trust deposits and total available capital for the enterprise rose to record levels at $4.3 billion and $1.6 billion, respectively.

“I couldn’t be more pleased with these phenomenal results,” said Dayton Molendorp, chairman and CEO. “Our customers fundamentally believe they’ve made a good decision to place their trust in us. The long-term value we deliver to our customers as a mutual organization has driven these record results and helped us maintain financial strength, strong industry ratings and exceptional retention of 95 percent.”

Investment portfolio remains among best in the industry
The investment portfolio for the companies of OneAmerica remains among the best performing in the industry with an investment yield that continues to beat the industry average. The yield as of December 31, 2013, was 5.1 percent – compared to the industry average of 4.9 percent. Combined with investment results, the strong business growth and retention drove a 5 percent increase in GAAP net income to $116 million. OneAmerica also continues to maintain Standard & Poor’s AAA-level capital.

The financial strength of the OneAmerica enterprise was validated by major ratings agencies in 2013. A.M. Best affirmed the A+ (Superior) rating for OneAmerica companies American United Life Insurance Company® (AUL), The State Life Insurance Company and Pioneer Mutual Life Insurance Company. A+ (Superior) is the second highest of 16 possible ratings. In addition, the AA- (Very Strong) rating assigned to AUL and State Life by Standard & Poor’s was affirmed – the fourth highest of 22 possible ratings.

New CEO poised for continued success
With the company for 14 years, OneAmerica’s current president, J. Scott Davison, CLU, ChFC, will serve as the company’s next CEO following Molendorp's retirement on March 31, 2014. Molendorp will remain chairman of the board of OneAmerica and its parent company American United Mutual Insurance Holding Company (AUMIHC).

“OneAmerica has been among the fastest growing and strongest life insurance and retirement companies in the industry under Dayton’s leadership,” said Davison. “With his unparalleled track record of success and our steadfast commitment to customers, OneAmerica is primed to grow and continue to provide protection and retirement products and services that add real value to our customers in the years ahead.”

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 customers. 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 nationwide 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.

Visit the OneAmerica Newsroom or follow @OneAmericaNews on Twitter for more information.