Ohio National ratings and outlook affirmed by AM Best
The ‘A’ rating is AM Best’s third-highest ranking out of 16 categories. According to AM Best, insurers rated ‘A’ have “an excellent ability to meet their ongoing insurance obligations.”
AM Best noted Ohio National’s balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management in its rating of the company and subsidiaries.
In its release, AM Best notes the following:
- “The balance sheet strength is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR) and is supportive of the stable outlooks.”
- Best expects the recent completed demutualization and acquisition by Constellation “to provide ONLIC with more financial flexibility.”
- “Constellation has committed an additional
$500 million in capital support over the next four years to support Ohio National Life Group’s current life and annuity liabilities and the maintenance of its strongest level of risk-adjusted capitalization.”
“We are pleased with today’s action by AM Best to affirm our ratings,” stated
Turner also said, “We continue to execute our strategy to grow our business and remain committed to our mission and long-term financial strength in support of our policyholders.”
About Ohio National
Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals across 49 states (all except
Contact:
513.794.6418 office
513.218.5519 mobile
[email protected]
Source:
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