Standard & Poor’s affirms OneAmerica’s AA- (Very Strong) financial strength rating; maintains stable outlook

Standard & Poor’s (S&P) has affirmed its AA- (Very Strong)¹ ratings of OneAmerica's life insurance operating companies, American United Life Insurance Company^® (AUL) and The State Life Insurance Company, and maintained its stable outlook. S&P also upgraded OneAmerica’s enterprise risk management score to “strong,” placing the organization in the top 11 percent of scores for life and health insurers.²

“Consistent sales growth and financial strength characterize the OneAmerica companies,” said Chairman, President and CEO Dayton H. Molendorp. “S&P’s affirmation of our strong rating validates that we’re continuing to meet our strategic objectives on behalf of customers.”

In its report, Standard & Poor’s cited the following strengths as major ratings factors for the OneAmerica company affirmations:

• A strong competitive position supported by a leading market position in its Care Solutions business line
• Very strong growth in retirement services
• Extremely strong capital and earnings
• Low product risk profile
• Strong liquidity
• Wide geographic footprint
• Adequate financial flexibility
• Very strong capital adequacy, as evidenced by ‘AAA’ level redundancy according to Standard & Poor’s insurance risk-based capital model
• Growing captive agency and diversified distribution network
• A well-developed and clearly articulated risk management program

S&P highlighted OneAmerica’s effectiveness in planning and meeting its goals by noting “OneAmerica has a detailed strategy-planning process through which it constructs a clear set of operating goals. The company has been successful in executing its plans and achieving or exceeding its major operational goals.”

“As we look ahead to the second half of 2013 and beyond, we have a great deal of momentum,” added Molendorp. “Strong ratings and exceptional performance are what our customers have come to expect from us, and we will remain diligent in meeting those expectations every day.”

Note: These ratings relate to the financial strength of the insurance companies and not to any variable products issued by AUL.

1. This is the fourth highest of 21 possible ratings
2. Source: "S&P Process Improvements and Regulation Drive ERM of North American and Bermudian Insurers Forward", April 18, 2013. Industry Scores as of 12/31/2012, OneAmerica score as of 7/11/2013.

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.

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 policyholders by helping them prepare to meet their financial goals.

We deliver on our promises when customers need us most.