History


AUL can trace its history back to the formation of a life insurance program by the Knights of Pythias in 1877. That insurance arm, which became United Mutual Life Insurance Company, later merged with American Central Life Insurance Company to form AUL. In 2000, AUL was the founding member of American United Mutual Insurance Holding Company and its stock holding company, OneAmerica Financial Partners, Inc.

Timeline

1877 Knights of Pythias create a life insurance program.
1899 American Central Life Insurance Company established.
1904 American Central Life Insurance Company establishes its Reinsurance Division, now the oldest, continuously operating reinsurer in the U.S.
1905-1931 nullAmerican Central Life Building.
1910-1926 nullInsurance Department of the Knights of Pythias Indiana Grand Lodge.
1926-1936 nullUnited Mutual Life Insurance Company Incorporated building.
1930 Knights of Pythias separate insurance program from lodge, creating United Mutual Life Insurance Company Incorporated.
1931-1982 nullAmerican Central building, which later becomes home to American United Life Insurance Company®.
1936 American Central and United Mutual merge to form American United Life Insurance Company®.

$46 million in assets.
1938 AUL issued its first retirement product -- a group annuity contract.
1946 $75 million in assets.
1955 AUL establishes its Group Division.
1956 $128 million in assets.
1957 AUL introduces its signboard.
1966 $242 million in assets.
1967 Jack E. Reich elected chairman of the board and CEO.
1976 $800 million in assets.
1977 Freda Lockhart becomes the first woman to serve on AUL's board of directors.
1978 $1.1 billion in assets.
1980 Jerry D. Semler elected president.
1982 nullAUL establishes Pension Division, later to be known as Retirement Services. AUL moves into its new 38-story OneAmerica Tower at One American Square.
1986 $2.7 billion in assets.
1989 Jerry D. Semler elected CEO.
1991 Jerry D. Semler elected chairman of the board.
1994 AUL forms a strategic alliance with Indianapolis neighbor The State Life Insurance Company.
1995 $6.5 billion in assets (statutory).
1997 $100 billion of life insurance in force.
1998 Pioneer Mutual Life Insurance Company of Fargo, ND, joins the AUL/State Life affiliation.
1999

$10.6 billion in assets (GAAP).

AUL establishes AUL Reinsurance Management Services, LLC (AUL RMS), following the purchase of certain assets and business operations of Duncanson & Holt from UnumProvident.

2000

AUL reorganizes to form American United Mutual Insurance Holding Company and OneAmerica Financial Partners, Inc.

AUL purchases CNL Financial Corp. in Macon, GA.

2001

AUL enters into agreement with Employers Re (ERC), a division of GE, to reinsure AUL's life, long-term care and international reinsurance blocks of business.

2003

AUL purchases group life and disability business from The Union Central Life Insurance Company.

AUL acquires R. E. Moulton, its primary carrier for medical stop loss.

 

2010

OneAmerica Financial Partners acquires Indianapolis-based McCready and Keene, Inc., one of the nation’s largest independent actuarial and consulting firms specializing in the design and administration of retirement plans.