OneAmerica® Insurance Companies’ A+ (Superior) Financial Strength Rating Affirmed by A.M. Best

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

OneAmerica’s President and CEO, Scott Davison, said, “OneAmerica’s industry leadership position and unquestioned financial strength have once again been recognized by A.M. Best’s affirmed A+ (Superior) rating. As a mutual organization, with no shareholders or Wall Street pressures, our focus is squarely on the needs of our customers and the advisors who serve them. Those who choose the products and services from the OneAmerica insurance companies feel confident about their decision to place their trust in us.”

A.M. Best noted, “OneAmerica’s mutual holding company structure facilitates a strategy focused on long-term financial strength...” Among other attributes, A.M. Best credited the A+ (Superior) rating to OneAmerica’s solid risk-adjusted capital position, strong consolidated top-line revenue growth, and exceptional retention which has resulted in consistently favorable operating performance.

A.M. Best also recognized State Life's “leading market position in hybrid products that feature access to life insurance benefits or annuity account values to pay for long-term care.” In addition, they explained, “The ratings reflect continued growth in full-service small-to-medium retirement plans and overall improvement of OneAmerica’s relative market position within the U.S. life industry.”

A.M. Best concurrently affirmed OneAmerica’s issuer credit ratings and senior debt ratings of “a-” and the debt rating of “a” on AUL’s outstanding surplus notes. The outlook for all ratings is stable.

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 ambest.com.

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. (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.