A.M. Best Affirms Ratings of the OneAmerica Group Members

A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of American United Life Insurance Company (AUL) (Indianapolis, IN) and its affiliates, The State Life Insurance Company (Indianapolis, IN) and Pioneer Mutual Life Insurance Company (North Dakota), comprising the OneAmerica Group (OneAmerica). Concurrently, A.M. Best has affirmed the debt rating of “a-” on the surplus notes of AUL. Additionally, A.M. Best has affirmed the ICR and senior debt rating of “bbb+” of OneAmerica Financial Partners, Inc., an intermediate holding company. The outlook for all ratings is stable.

The ratings reflect OneAmerica’s sound capital position, well-managed distribution and above-average enterprise risk management for its business profile as compared to similarly rated peers. Additionally, the ratings recognize OneAmerica’s diversified sources of revenues and earnings generated by its streamlined operating segments, which have facilitated organic growth. OneAmerica has established and growing positions in several markets—full-service micro/small retirement plans, employee benefits, life insurance and asset-based long-term care. A.M. Best notes that OneAmerica’s investment portfolio has performed significantly better than most if its life/annuity peers with respect to realized and unrealized losses. Furthermore, OneAmerica’s mutual holding company structure facilitates a strategy focused on long-term financial strength...

BusinessWire: A.M. Best Affirms Ratings of the OneAmerica Group Members