We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Ohio National announces increased earnings

    February 10, 2019 by Ohio National Financial Services

    CINCINNATI, Feb. 08, 2019 (GLOBE NEWSWIRE) — Ohio National Financial Services today announced a 6 percent increase in 2018 core earnings and released positive 2018 financial results as it closes out a five-year strategy. The company also grew total revenue (excluding realized gains and losses) by 9 percent and increased sales in core product lines.

    “As a mutual company, no matter the economic and external environment, we remain strategically focused on serving our policyholders first. We’re embarking on a more focused strategy building on our historic strengths of life and disability income (DI) insurance where we can deliver the greatest long-term value. We are also growing our Latin American operations, taking advantage of opportunities in these underpenetrated life insurance markets,” reported Gary T. “Doc” Huffman, chairman and chief executive officer, at today’s Board of Directors meeting. “I’m particularly proud of the way our team identified opportunities and successfully transitioned to a new strategy all while maintaining our long-standing financial strength.”

    “We continue to expand our network of financial professionals by fostering valued relationships and offering the products and features that meet the changing needs of our customers,” said Barbara A. Turner, CRCP, president and chief operating officer, elected November 2018.

    Ohio National finished the year with growth in its core network of financial professionals while also reaching record sales in DI insurance products; exceeding first full-year sales goals by more than 30 percent of its new indexed universal life (IUL) product; and paying dividends to eligible policyholders for the 95thconsecutive year. Our Latin America business continues to see year-over-year sales growth and we entered into the Peruvian individual life insurance market as the only U.S. company with a presence there.

    “With a 110-year history providing life insurance products and one of the leading DI product portfolios in the industry, we remain committed to our Mission: to make a difference in your life by helping you achieve financial security and independence today – and for generations to come,” Turner continued. “Our financial results remain strong and we have put a talented team and a strategy in place to continue to provide the quality products and service our customers need.”

    The company highlighted the following from its 2018 results:

    • Core earnings increased 6 percent to $192.7 million.
    • Total GAAP revenue (excluding realized gains and losses) increased 9 percent to $2.4 billion.
    • GAAP equity (excluding mark-to-market) grew to $2.4 billion, an increase of 3 percent. Equity (including mark-to-market) was down slightly to $2.5 billion.
    • First full-year sales goals for the IUL product were exceeded by more than 30 percent.
    • DI insurance sales increased 6 percent over 2017 and more than tripled over a five-year period.
    • Ohio National’s Latin America life sales were strong at $37.3 million, an increase over last year.
    • 2018 was a solid year for growing the traditional distribution* footprint with the addition of 1,477 new agents in our PGA and career organizations. The career channel finished the year with record sales and career agencies.
    • Recurring individual life insurance premium grew by 9.7 percent. The five-year compound annual growth rate was 10.3 percent.
    • Ohio National paid dividends to participating whole life policyholders. A total of $100.6 million was paid or credited to participating policyholders. This is the highest level in the 95 consecutive-year history of paying dividends.  
    • The O.N. Equity Sales Co., the company’s retail broker/dealer subsidiary, saw gross broker/dealer concessions at $54.7 million, up 14 percent over 2017.

    In 2018, Ohio National announced its strategic plan to exclusively focus on life and DI insurance businesses to drive long-term growth. The company no longer issues annuities or offers new retirement plans, however, it continues to service and support these policyholders. The annuity portfolio remains an important business for the company, accounting for $23 billion in assets under management.

    2018 Community impact

    In 2018, Ohio National announced its continued funding of Habitat for Humanity of Greater Cincinnati for a total donation of $520,000 through 2021 and completed the building of its 20th home. Additionally, The Ohio National Foundation donated more than $1.8 million to more than 100 nonprofit organizations in the Greater Cincinnati area, including the United Way of Greater Cincinnati, ArtsWave, American Heart Association of Greater Cincinnati, Cincinnati Children’s and many others.  

    2018 Ratings

    Ohio National earned high marks for financial security and claims-paying ability from independent rating analysts:

    • A.M. Best: A+ (Superior)
      For strong operating performance, favorable business profile and appropriate enterprise risk management, second-highest on a 16-part scale
    • Moody’s: A2
      Reflects a prudent investment portfolio and minimal exposure to higher risk asset classes,
      an aligned variable cost distribution and consistent growth in life insurance sales, sixth-highest on a 21-point scale
    • Standard & Poor’s: A
      Reflects very strong capital and earnings, sixth-highest on a 21-part scale

    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, 2018

    12/18 12/17 % change
    Core Earnings (millions)

    $192.7 $181.5 6%
    Total Revenue (billions)  
    (excluding realized gains and losses)
    $2.4 $2.2 9%
    Total GAAP Equity** (billions)
    (excluding mark-to-market)
    $2.4 $2.3 3%
    Total GAAP Equity (billions)
    (including mark-to-market)
    $2.5 $2.6 (4%)
    Total Assets Under Management (billions)

    $39.3 $42.0 (6%)
    Total Life Insurance New Premium *** (millions)

    $164.4 $180.6 (9%)
    Disability Income Insurance New Premium
    (millions)
    $6.3 $6.0 6%
    International Life Sales (millions)

    $37.3 $36.9 1%

    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.

    *Ohio National’s traditional sales channel includes both personal producing general agents and career agency organizations.
    ** Total equity remains at its highest levels in company history since reporting on a GAAP basis in 1997.
    *** Total life insurance new premium includes international life sales.

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

    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. 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 12/31/18. For the most current ratings, see www.ohionational.com. Dividend scales are subject to change at the discretion of the Board of Directors.

    Contact:  Lisa Doxsee, APR
    513.794.6418 office 
    513.218.5519 mobile

    Susan McDonald, ALMI
    513.794.6325 office
    513.633.1277 mobile

    Originally Posted at Globe Newswire on February 8, 2019 by Ohio National Financial Services.

    Categories: Industry Articles
    currency