OneAmerica reports solid third quarter with growth in sales, retention, operating capital
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Indianapolis (Dec. 15, 2009) – Despite continued turbulence in both the financial services industry and national economy, Indianapolis, Ind.-based OneAmerica Financial Partners, Inc. has posted a strong third quarter with growth in sales, retention and operating capital, making the enterprise one of the fastest-growing mutual organizations in the country.
“Through the first three quarters of 2009, the OneAmerica enterprise has not only weathered a volatile economic environment, but has solidified its position as one of the strongest companies in the industry,” said Dayton H. Molendorp, OneAmerica chairman, president and CEO. “In fact, our momentum in the third quarter brought record-breaking achievements that are directly tied to our values as a mutual organization.”
Sales figures exceeded plan for both the quarter and year and retention rates are on target. Additionally, distribution channels have grown dramatically as more general and career agents, financial representatives and brokers joined the OneAmerica team. Furthermore, through the third quarter, the company’s balance sheet remained solid with assets growing to a record $21.3 billion. Combined statutory capital and surplus also hit a record $1 billion.
“Clearly, both customers and financial professionals are drawn to our organization and the value we can provide,” Molendorp continued. “Producers are attracted to a company that is stable and carries a fiscally-conservative approach, and our customers ultimately benefit from our strong financial position, which makes them want to remain with us.”
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plan products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers and other distribution sources that are committed to increasing value to our policyholders by helping them plan to meet their financial goals.
We deliver on our promises when customers need us most.
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