PLEASE UPDATE YOUR BROWSER

1 Reason Insurance (715)598-9924

Leadership Through Service

  • About
    • Meet the Insurance Agents of 1 Reason Insurance
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact 1 Reason Insurance
    • Contribute As Guest Author
Home > Insurance Companies > Insurance News > Ohio National ratings and outlook affirmed by AM Best

Ohio National ratings and outlook affirmed by AM Best

Posted on: October 6, 2022 By: Insurance Updates

Best affirms “A” rating and stable outlook, reflecting Ohio National’s balance sheet strength, operating performance, business profile and enterprise risk management

CINCINNATI, Oct. 06, 2022 (GLOBE NEWSWIRE) — Ohio National Financial Services announced today that AM Best has affirmed its ratings for the financial strength of The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation at ‘A‘ (Excellent) with stable outlook.

The ‘A’ rating is AM Best’s third-highest ranking out of 16 categories. According to AM Best, insurers rated ‘A’ have “an excellent ability to meet their ongoing insurance obligations.”

AM Best noted Ohio National’s balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management in its rating of the company and subsidiaries.

In its release, AM Best notes the following:

  • “The balance sheet strength is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR) and is supportive of the stable outlooks.”
  • Best expects the recent completed demutualization and acquisition by Constellation “to provide ONLIC with more financial flexibility.”
  • “Constellation has committed an additional $500 million in capital support over the next four years to support Ohio National Life Group’s current life and annuity liabilities and the maintenance of its strongest level of risk-adjusted capitalization.”

“We are pleased with today’s action by AM Best to affirm our ratings,” stated Barbara A. Turner, CRCP, Ohio National president and chief executive officer. “This affirmation acknowledges our continued strategic execution through operating performance and business profile and recognizes the anticipated long-term positive impact from the Constellation transaction we completed in March 2022.”

Turner also said, “We continue to execute our strategy to grow our business and remain committed to our mission and long-term financial strength in support of our policyholders.”

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, 2021, its affiliated companies have $40.8 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. The O.N. Equity Sales Company (“ONESCO”) is a full-service broker dealer and Ohio National Financial Services affiliate. Ohio National is recognized as a Leader in Workplace Equity by Ellequate. Please explore ohionational.com for more information and for the latest company updates, connect with Ohio National on LinkedIn, Facebook and YouTube.

Contact: Lisa Doxsee, APR
513.794.6418 office
513.218.5519 mobile
lisa_doxsee@ohionational.com

Ohio-National-Financial-Servic-1 Ohio National ratings and outlook affirmed by AM Best

Comments

comments

Categories: Insurance News Tags: Insurance News

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Professional Liability / E&O
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Taxes
  • Tips & Advice
  • Travel
  • Uncategorized
  • Worker's Compensation

Recent Posts

  • LGI Homes, Inc. Reports May 2025 Home Closings
  • Sun Communities, Inc. Declares Second Quarter 2025 Distribution
  • Greystone Expands FHA Lending Team with the Addition of Corley Audorff and Josh Williams
  • FG Communities Completes Acquisition in Franklin, North Carolina
  • Ryman Hospitality Properties, Inc. Announces Closing of $625 Million of 6.500% Senior Notes Due 2033
  • DeFi Development Corp. Partners with Fragmetric to Expand Restaking Access via dfdvSOL
  • Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner
  • Abacus Global Management Responds to False Short Report – Revenues Consistent with 20-Year Track Record