OneAmerica Reaches All-Time High In Sales, Benefits Paid
April 6, 2015 by OneAmerica
INDIANAPOLIS (April 1, 2015) – The companies of OneAmerica announced another record-breaking year in 2014 with all–time highs in sales, benefits paid, assets, premiums and capital.
The financial services enterprise grew sales by 9 percent to $2.6 billion and paid a record $2.8 billion of benefits to customers in 2014—marking five consecutive years of record highs for each benchmark. Over the last 10 years, OneAmerica sales have more than tripled.
“2014 was a remarkable year for OneAmerica, the trusted advisers we work with, and the customers we all serve,” said OneAmerica CEO Scott Davison, who took the helm as CEO a year ago today. “We’re in the right business at the right time, and we expect 2015 to be another positive year.”
OneAmerica continues to out-perform industry averages. For example, annuity sales and group life sales grew by 18 and 29 percent, respectively; the industry saw only 3 percent growth for annuity sales and for group life, a one percent decline.
Assets under administration grew by 25 percent in 2014 to the highest level in the company’s history at $45.6 billion. Statutory premiums and trust deposits and total available capital for the enterprise rose to record levels at $4.7 billion and $1.6 billion, respectively.
Investment portfolio remains among best in the industry
The investment portfolio for the companies of OneAmerica remains among the best performing in the industry with an investment yield that continues to beat the industry average. The yield as of December 31, 2013, was 5.1 percent—compared to the industry average of 4.9 percent. Combined with investment results, the strong business growth and retention held GAAP net income steady at $115 million. OneAmerica also continues to maintain Standard & Poor’s AAA-level capital.
The financial strength of the OneAmerica enterprise was validated by major ratings agencies in 2014. A.M. Best affirmed the A+ (Superior) rating for OneAmerica companies American United Life Insurance Company® (AUL), The State Life Insurance Company® (State Life) and Pioneer Mutual Life Insurance Company® (PML). A+ (Superior) is the second highest of 16 possible ratings as of May 15, 2014. In addition, the AA- (Very Strong) rating assigned to AUL and State Life by Standard & Poor’s was affirmed—the fourth highest of 21 possible ratings as of August 27, 2014.
OneAmerica® is the marketing name for the companies of OneAmerica. Products and financial services issued and underwritten by AUL, State Life and PML.
