Ohio National consistently receives high marks for financial security and claims-paying ability from major independent analysts.
As measured by A.M. Best, the balance sheet strength assessment is based on its risk-adjusted capitalization being at the very strong level, while maintaining strong liquidity. A.M. Best’s assessment of operating performance considers Ohio National’s long-term positive trend in individual life insurance sales prior to the current disruptions driven by the COVID-19 pandemic, and stable GAAP-adjusted operating results, while the assessment of the group’s ERM recognizes its strong risk management framework, including front-end risk management practices and sound governance structure.
In its release, Moody’s noted “Ohio National has a large block of whole life business, a positive from a credit perspective, an aligned variable cost distribution and a consistent record of growing its life insurance sales.” It also referenced our actions to reduce exposure to our variable annuities with the guaranteed minimum income benefit (GMIB) and our prudent investment portfolio with minimal exposure to higher risk asset classes.
Insurance products issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Guarantees are based upon the claims-paying ability of the issuer. Product, product features and rider availability vary by state. Issuers not licensed to conduct business in NY.