Ohio National comments on Standard & Poor's rating action

Ohio National comments on Standard & Poor's rating action

2019-07-19 00:00:00.0

Ohio National Financial Services announced today that Standard & Poor’s, under its new criteria, has revised its rating for The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation to ‘A-.’ According to S&P, insurers in the ‘A’ category have "strong financial security characteristics.”

This rating is S&P's seventh-highest on a 21-part scale.

In its release, S&P characterizes Ohio National’s “capital and earnings” as strong. S&P further notes that the company’s capital adequacy was redundant at the ‘AA’ level as of year-end 2018.

“Ohio National is guided by our mutual heritage and committed to maintaining a sound capital base in support of our obligations to policyholders, as we have been for more than a century," said Gary T. “Doc” Huffman, CLU, ChFC, Ohio National chairman and chief executive officer. "Additionally, in its release, Standard & Poor’s highlights our life insurance business as a strength, as we continue to focus on executing our strategy to grow our life and disability income insurance and international businesses.”

About Ohio National

Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals across 49 states (all except New York), the District of Columbia and Puerto Rico and through affiliated operations in South America, we provide the insurance products that help our policyholders achieve financial security and independence. As of December 31, 2018, its affiliated companies have $39.3 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Please visit ohionational.com for more information and for the latest company updates, connect with Ohio National on LinkedIn, Facebook, Twitter and Instagram.

Media Contacts

Lisa Doxsee

513.794.6418
lisa_doxsee@ohionational.com

Angela Meehan

513.794.6337
angela_meehan@ohionational.com

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