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 Annual Financial Report
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One of the sound measures of an insurance company's stability and value is its balance sheet. Ohio National's financial strength and integrity provide a solid foundation for you, your family or business. Ohio National has realized financial success over the past decade that surpasses that of most other insurance companies.

The company highlighted the following from its 2016 results:

  • For the 27th consecutive year, Ohio National has increased its enterprise individual life insurance sales. This is a record unmatched in the industry. In total, a record-breaking $187.7 million of new annual sales were reported for individual life insurance, up 20.2 percent from 2015.
  • In addition to growth in Ohio National’s core life insurance line, its other business lines achieved success with sales and new products. Disability income insurance sales in 2016 exceeded 2015’s totals. New annual sales equaled $2.7 million, with sales of its most competitive disability income product to date, ContinuON Income Solutions II®, expected to continue to boost this line in 2017. Total annuity sales were $1.5 billion, down from 2015 and reflecting weakness in variable annuity sales across the industry. Sales of the new ONdex fixed indexed annuity exceeded expectations in the 4th quarter. Retirement plans growth was 16.6 percent ahead of 2015 at $165.9 million.
  • Ohio National’s Latin America life business exceeded goal by 54.9 percent with $30.8 million (U.S. dollars), 76.5 percent ahead of 2015.
  • Total GAAP revenue (excluding realized gains and losses) increased 6.2 percent to $2.0 billion.
  • GAAP equity grew at record levels. Equity (excluding mark-to-market) grew to $2.3 billion, an increase of 14.4 percent. Equity (including mark-to-market) grew to $2.5 billion, a 16.6 percent increase.
  • Core earnings were $176.7 million. The planned decrease from 2015 represented strategic investments in business and corporate technology assets.
  • For the 93rd consecutive year, Ohio National paid dividends to participating whole life policies. A total of $80.6 million was paid or credited to participating policyholders.
  • The O.N. Equity Sales Co., the company’s retail broker/dealer subsidiary, saw gross broker/dealer concessions at $41.0 million.
  • Our network of financial professionals grew in strong numbers. This includes a record number of new builder general agencies across the United States and more than 1,200 new producing general agents, significantly increasing the company’s distribution footprint across the country.


Summary Results as of December 31, 2016

OHIO NATIONAL MUTUAL HOLDINGS, INC.
Affiliated companies:
Ohio National Financial Services, Inc.
The Ohio National Life Insurance Company
Ohio National Life Assurance Corporation
(Consolidated)
Summary Results as of December 31, 2016

 

  12/16 12/15 % change

Total GAAP Equity* (billions)
(excluding mark-to-market)

$2.3 $2.0 14.4%

Total GAAP Equity* (billions)
(including mark-to-market)

$2.5 $2.1 16.6%

Total Revenue (billions)
(excluding realized gains and losses)

$2.0 $1.9 6.2%

Total Assets Under Management
(billions)

$41.8 $40.2 3.9%

Core Earnings (millions)

$176.7 $190.7 (7.3)%

Total Life Insurance New Premium 
(millions)

$187.7 $156.1 20.2%

Total Annuity Sales
(billions)

$1.5 $2.0 (25.8)%

Retirement Plan Sales
(millions)

$165.9 $142.3 16.6%

Disability Income Insurance New Premium
(millions)

$2.74 $2.66 3.1%

International (millions)

$30.8 $17.5 76.5%

The financial data presented above is derived from results on the basis of Generally Accepted Accounting Principles (GAAP), except life insurance new premium, variable annuity sales, retirement plan sales and disability income insurance premium. All financial information in this news release is considered unaudited because the final audit process is not yet complete.

*Total equity is reported at its highest levels in company history since reporting on a GAAP basis in 1997.

 

 



Insurance and annuity products issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Registered products distributed by Ohio National Equities, Inc., Member FINRA. Product, product features and rider availability vary by state. Issuers not licensed to conduct business in New York.

Dividends are not guaranteed. 

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©2017 Ohio National Financial Services, Inc.
Product Issuers: The Ohio National Life Insurance Company
and Ohio National Life Assurance Corporation
Registered Products Distributed by: Ohio National Equities, Inc.
Member FINRA
One Financial Way | Cincinnati, Ohio 45242
513.794.6100