A.M. Best Company Reaffirms Ohio National's "A+ (Superior)" Rating
CINCINNATI, OH--(Marketwired - August 02, 2016) - National Financial Services is pleased to announce that A.M. Best Company has reaffirmed the financial strength rating of "A+ (Superior)" for both The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation.
This is the 53nd consecutive year for Ohio National to receive A.M. Best's "A+ (Superior)" rating which is the second-highest on a 16-part scale.
"Ohio National continues its tradition of unwavering commitment to our policyholders. We are especially proud of more than five decades of this A+ Superior rating, and it highlights our consistent dedication to long-term risk management and policyholder protection," said Gary T. "Doc" Huffman, CLU, ChFC, Ohio National chairman, president and chief executive officer.
In its analysis, A.M. Best Company noted the rating affirmations reflected favorably upon Ohio National's overall middle market position within the individual life and variable annuity markets, continued positive trend in individual life sales, stable adjusted GAAP operating results, strong risk-adjusted capitalization ratios and strong front-end risk management practices.
Tracing its corporate origins to 1909, Ohio National markets a variety of insurance and financial products through more than 50,000 representatives in 49 states (all except New York), the District of Columbia, Puerto Rico and through affiliated operations in South America. Additional subsidiaries operate in New York and Connecticut. As of December 31, 2015, its affiliated companies have $40.2 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Ohio National is proud to be named a "Top Workplace" in Cincinnati for seven consecutive years by Enquirer Media (June 2010-2016) and employs more than 1,300 associates. Visit www.ohionational.com for more information.
All ratings information is according to reports published on: www.standardandpoors.com, www.ambest.com/ratings and www.moodys.com/insurance. Ratings are accurate as of 3/1/16. For the most current ratings, see www.ohionational.com.
Ohio National has received high marks for financial strength and claims paying ability from major rating agencies; however, such ratings do not refer to the performance of our variable accounts nor imply approval of our variable contracts or their portfolios.