OneAmerica Defined Benefit Practice Continues to Strengthen

In its second year in the marketplace, the company exceeded expectations, ending the year at nearly half a billion dollars in sales premium. OneAmerica is well positioned to take advantage of an exploding market demand for insured solutions to pension plan sponsors who desire to de-risk and terminate their plans.

PRT is a single premium annuity product that allows companies to transfer pension liabilities and risk to an insurer. It was an active product line at OneAmerica in the 1980s that paused until 2014, when the company re-entered the market. For many publicly-traded companies, PRT is an attractive strategy because it can reduce earnings volatility and risk, allowing them to focus on their core business.

“After re-entering the PRT market in 2014 with $52 million in business, our financial strength and reputation allowed us to do ten times that amount in 2015,” said Blaine Reber, OneAmerica field vice president, pension risk transfer. “Plan sponsors and consultants point to our flexibility, commitment to service and administrative capabilities in addition to competitive pricing as factors when deciding upon OneAmerica.”

During 2015, through American United Life Insurance Company® (AUL), a OneAmerica company, PRT added an additional 10,000 customers to which it will provide lifetime benefit payments. This represents individuals from 29 different pension plans.

“We’ve demonstrated our ability to tailor a solution to meet the unique needs of each client. This includes our administrative capabilities in supporting pre-retiree populations with robust web-based technologies,” said Andrew V. Wilkinson, FSA, MAAA, FCA, a vice president for OneAmerica. “Delivery of monthly retirement benefits via PRT fits perfectly with our mission – ‘we deliver on our promises when customers need us most.’ ”

The PRT product offered by AUL includes administrative services supported by actuarial and legal professionals with extensive experience in defined benefit administration.

Nationally recognized in retirement plan administration, AUL was rated A+ (Superior), the second highest of 16, by A.M. Best on July 23, 2015, and rated AA-, the fourth highest of 21, from Standard & Poor’s, on Sept. 2, 2015.

OneAmerica is the marketing name for the companies of OneAmerica. Products issued and underwritten by AUL.

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About OneAmerica^®
A national leader in the insurance and financial services marketplace for nearly 140 years, the companies of OneAmerica help customers build and protect their financial futures.

OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset based long-term care solutions and employee benefit plan products.

Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources that are committed to providing value to our customers. 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.