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One of the sound measures of an insurance company's stability and value is its balance sheet. Ohio National's financial strength and integrity provide a solid foundation for you, your family or business. Ohio National has realized financial success o2019 Financial Profilever the past decade that surpasses that of most other insurance companies.

The company highlighted the following from its 2019 results:

  • Reached $1.14 billion in statutory total adjusted capital (ONLIC), up by $35 million.
  • Grew GAAP equity (including mark-to-market) 6% to $2.6 billion.
  • Achieved record IUL sales of $12.1 million, up 8% from 2018.
  • Rolled out an updated whole life portfolio on the 2017 CSO table, including a new 20-pay design product.
  • Achieved another record year of DI sales, surpassing the previous record set in 2018 by 17%, marking the 10th consecutive year of growth.
  • Grew recurring individual life insurance premium by 7%. The five-year compound annual growth rate was 10%.
  • For the 96th consecutive year, paid or credited (more than $100 million) dividends to participating whole life policyholders.
  • Ended the year with $20 billion in separate account assets in the variable annuity block of business.
  • Added nearly 1,500 financial professionals to the traditional* distribution channel, including nearly 700 personally producing general agents, more than 300 career agents and 12 new general agencies.
  • Ranked #7 with Million Dollar Round Table for U.S. companies.
  • Grew The O.N. Equity Sales Co. gross broker-dealer concessions to $61.4 million, up 12% over 2018. The company’s retail broker-dealer subsidiary was named among the top ten growing independent broker-dealers by Investment News and Financial Planning (#6 by Financial Planning).
  • Latin American operations continued to grow its builder agency model with its Brazilian joint venture.
  • Ohio National completed its 21st and 22nd Habitat for Humanity homes, part of a $1.8 million commitment through 2021.
  • The Ohio National Foundation donated $1.5 million to local and regional organizations.
  • Associates donated more than 3,200 volunteer hours in support of local organization during the work day.
  • Earned high marks for financial security and claims-paying ability from independent rating analysts.

*Ohio National's traditional sales channel includes both personal producing general agents and career agency organizations.

Summary Results as of December 31, 2019

Affiliated companies:
Ohio National Financial Services, Inc.
The Ohio National Life Insurance Company (ONLIC)
Ohio National Life Assurance Corporation (ONLAC)
Summary Results as of December 31, 2019


  12/19 12/18 % change

Total assets under management (billions)

$40.5 $39.3 3%

Statutory total adjusted capital (ONLIC) (billions)

$1.14 $1.10 3%

Total GAAP equity (billions)
(including mark-to-market)

$2.6 $2.5 6%

Total GAAP equity (billions)
(excluding mark-to-market)

$2.3 $2.4 (3%)

GAAP core earnings (millions)

$171.1 $192.7 (11%)

Total direct life insurance premium and fees, domestic (billions)

$1.14 $1.09 4%

Disability income insurance new sales

$7.4 $6.3 17%

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

Products issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Registered products distributed by Ohio National Equities, Inc., Member FINRA. Product, product features and rider availability vary by state. Guarantees are based upon the claims-paying ability of the issuer. Issuers not licensed to conduct business in New York. Disability income insurance is not available in CA. Withdrawals and loans may reduce the death benefit, cash surrender value and any living benefit amount.

*Dividends are not guaranteed.