SOURCE: Ohio National Financial Services

Ohio National Financial Services

October 05, 2016 11:30 ET

Moody's Investors Service Reaffirms Ohio National's 'A1' Financial Strength Rating

CINCINNATI, OH--(Marketwired - October 05, 2016) - Ohio National Financial Services is pleased to announce that Moody's Investors Service has reaffirmed the company's 'A1' financial strength rating. This marks the third major rating agency to reaffirm Ohio National's ratings this year, and all were reaffirmed with a 'stable' outlook.

"We are pleased that Moody's, Standard & Poor's and A.M. Best have each reviewed our strong financial foundation and performance and have reaffirmed our ratings and outlook," said Gary T. "Doc" Huffman, Ohio National chairman, president and chief executive officer. "We are pleased to be the company of choice for thousands of policyholders and distributors, and look forward to continuing to help them build financial security for now and future generations."

The Moody's report noted Ohio National's ratings "are based on the company's good business profile, supported by its stable and diverse life insurance product offerings, strong capital adequacy, low-risk investment portfolio, and well managed variable cost distribution. The company's ratings are also supported by its robust liquidity and good financial flexibility."

Earlier this year, both A.M Best and Standard & Poor's reaffirmed their previous ratings and stable outlooks with A.M. Best at A+ and Standard & Poor's at AA-.

Tracing its corporate origins to 1909, Ohio National markets a variety of insurance and financial products through more than 50,000 representatives in 49 states (all except New York), the District of Columbia, Puerto Rico and through affiliated operations in South America. Additional subsidiaries operate in New York and Connecticut. As of December 31, 2015, its affiliated companies have $40.2 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Ohio National is proud to be named a "Top Workplace" in Cincinnati for seven consecutive years by Enquirer Media (June 2010-2016) and employs more than 1,300 associates. Visit www.ohionational.com for more information.

Contact Information

  • Contact:
    Diane Hagenbuch
    CLU
    513.794.6313 office