History
Pioneer Mutual Life Insurance Company (PML) got its start in 1868, three years after the close of the Civil War, by a railroad worker named John Jordan Upchurch. He and 13 other visionaries met in Meadville, PA, and created the Ancient Order of United Workmen (AOUW) to provide security for members and their families. Each invested $1.
In 2002, PML became a stock subsidiary of American United Mutual Insurance Holding Company (AUMIHC), the parent company of OneAmerica Financial Partners, Inc.
Timeline
| 1868 | Railroad worker John Upchurch and 13 fellow workers founded the Ancient Order of United Workmen (A.O.U.W.). It was the first fraternal insurance company in America. |
| 1889 | Pioneer Mutual Life Insurance Company is an outgrowth of the Minnesota A.O.U.W., which became part of the Grand Lodge of the Dakotas in 1889. |
| 1904 | The A.O.U.W. of North Dakota adopted adequate legal reserve rates; the first fraternal beneficiary society in America to do so. |
| 1921 | The A.O.U.W. was the first fraternal insurance society to write accident and health insurance. |
| 1948 | The A.O.U.W. officially changed its name to PML. PML was the first company to write hospital, medical and surgical insurance on a non-cancelable and guaranteed-renewable-to-age-65 basis. |
| 1959 | PML reached a milestone of $100 million of life insurance in force. From 1968 (PML's centennial year) to 1978, the amount of life insurance in force doubled. Today that figure is $3.3 billion. |
| 1980s | PML shifted from selling traditional products to products such as Current Value Whole Life, Universal Life and annuity products that are still popular today. |
| 2002 | Pioneer Mutual Life Insurance Company reorganizes to become a stock subsidiary of American United Mutual Insurance Holding Company (AULMIHC), the parent company of OneAmerica Financial Partners, Inc. |
