A.M. Best Affirms Ratings of Ohio National Financial Services, Inc. and Its Subsidiaries
Additionally,
The rating affirmations reflect the Ohio National Life Group’s overall middle-market position within the individual life and variable annuity markets, its continued positive trend in individual life sales and its stable adjusted GAAP operating results, along with strong risk-adjusted capitalization ratios. The ratings also recognize the group’s recent expansion into the retirement services market and its strong front-end risk management practices.
Partially offsetting these positive rating factors is the group’s above-average separate account exposure, which contributes to potential equity market and interest rate sensitivity, although these risks are partially mitigated by hedging and the utilization of external reinsurance. While risk-adjusted capitalization remains strong, it has been enhanced by the use of captives to support redundant reserves and the issuance of surplus notes. Additionally,
The ratings of NSLAC reflect its strategic importance as the
The following issue ratings have been affirmed with a stable outlook:
-- “a-” on
-- “a-” on
-- “a” on
-- “a” on
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.
Copyright © 2016 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.
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