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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.

2015 Financial Highlights

  • Total GAAP revenue (excluding realized gains and losses) increased 7.1 percent to $1.9 billion.
  • Equity capital (excluding mark-to-market) grew to $2.0 billion, an increase of 4.2 percent.
  • Core earnings were $190.7 million, 9.0% ahead of the corporate goal established for the year. The planned decrease from 2014 represented strategic investments in business and corporate technology assets.
  • For the 92nd consecutive year, Ohio National paid dividends to eligible participating whole life policies. A total of $68.1 million was paid or credited to participating policyholders.


2015 Sales Highlights

  • For the 26th consecutive year, Ohio National has grown its individual life insurance sales. This is a record that is unmatched in the industry. In total, a record-breaking $156.1 million of new annual premium was reported for individual life insurance, up 3.6 percent from 2014. Noteworthy were the sales of Ohio National’s whole life insurance products which grew by 20 percent compared to 2014, showing consumers’ continued interest in security and guarantees.
  • Disability income insurance new annual premium grew 19 percent over 2014 to $2.7 million.
  • Variable annuities sales were $2.0 billion, on target with 2015 sales target.
  • Retirement plans growth was 1 percent ahead of 2014 at $142.3 million.  
  • The O.N. Equity Sales Co., the company’s retail broker/dealer subsidiary, grew gross broker/dealer concessions to $49.6 million. This represents an 8.3 percent increase from 2014.

 Additional 2015 Information

  • A total of 105 new positions were added by Ohio National during 2015. Since the beginning of the Great Recession in 2008, the Cincinnati-based company has grown its number of associates to more than 1,300, approximately a 50 percent increase.
  • New financial representatives were recruited in strong numbers. This includes a record number of new builder general agencies across the United States and more than 1,300 new producing general agents, significantly increasing the company’s distribution network across the country.

Summary Results: Through December 2015

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:  Through December 2015

 

  12/15 12/14 % change

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

$2.0 $1.9 4.2%

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


$1.9 $1.8 7.1%

Total Assets Under Management
(billions)


$40.2 $40.8 (1.4)%

Core Earnings (millions)


$190.7 $197.4 (3.4)%

Total Life Insurance New Premium 
(millions)

$156.1 $150.7 3.6%

Variable Annuity Sales
(billions)

 

$2.0 $2.3 (13.1)%

Retirement Plan Sales
(millions)

$142.3 $140.9 1.0%

Disability Income Insurance Premium
(millions)

$2.7 $2.2 19.0%

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.

 

 



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