Ohio National Life Insurance Company

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Coordinates: 39°14′51″N 84°21′50″W / 39.247563°N 84.363899°W / 39.247563; -84.363899
Source: Wikipedia, the free encyclopedia.
Ohio National Life Insurance Company
AUMUS$ 42 billion (2017)
Number of employees
1,000+ (2018)
Websiteohionational.com

The Ohio National Life Insurance Company is a

District of Columbia, and Puerto Rico
.

The CEO is Gary T. “Doc” Huffman, and the President and COO is Barbara A. Turner.[1] The company currently employs over 1,000 associates. Ohio National was named as one of the best 15 places to work in Cincinnati in 2017 by The Cincinnati Enquirer.[2] It was ranked #126 on the Forbes list of America's Best Midsize Employers in 2018, placing it 8th among Ohio companies and 1st among Cincinnati-area companies, and 11th nationally for midsize Banking and Financial Services companies.[3]

Ohio National has an international presence as well, and maintains an office in

Santiago, Chile, and sells products in Chile, Brazil, and Peru.[4]

The company is currently rated A by

Moody’s (Oct. 2016).[5]

Ohio National Mutual Holdings, Inc. is parent to the following companies:

  • The Ohio National Life Insurance Company
  • Ohio National Life Assurance Corporation
  • Ohio National Equities, Inc.
  • The O.N. Equity Sales Company
  • Ohio National Investments, Inc.
  • National Security Life and Annuity Company
  • Ohio National Seguros de Vida, S.A.

History

Ohio National was founded as a stock company in 1909 but converted to mutual company status in 1959. In 1998, Ohio National reorganized as a mutual insurance holding company (Ohio National Mutual Holdings, Inc.), with an intermediate holding company (Ohio National Financial Services, Inc.).

The company signed a contract to take over a facility at Lunken Airport from Executive Jet Management around 2000.[6]

In September 2018, Ohio National announced an exit from most of the annuity market, and the layoff of approximately 300 of its then 1300 employees,

Standard & Poor's lowered its rating from A+ to A, while Moody's reaffirmed its A1 rating and A.M. Best reaffirmed its A+ rating.[8]

Philanthropy

In 1987, the company started The Ohio National Foundation, which has donated more than $22 million to nonprofit organizations through 2017.

Make-a-Wish Foundation. In 2001, Ohio National started displaying a Victorian Holiday Village on the grounds of the headquarters each winter, and through 2017 has collected over 15 tons of donated food for charity.[10]

References

  1. ^ "Ohio National elects Barbara A. Turner president and chief operating officer". Retrieved 2018-12-06.
  2. ^ "Top Workplaces: The Best 15 Large Companies in the Cincinnati Region". Retrieved 2018-05-08.
  3. ^ "America's Best Midsize Employers". Forbes. Retrieved 2018-05-11.[dead link]
  4. ^ "D&B Hoovers Company Profiles: Ohio National Mutual Holdings, Inc". Retrieved 2018-05-08.
  5. ^ "Financials and Ratings". Retrieved 2018-10-26.
  6. ^ Alltucker, Ken (1 August 2000). "Airport Expansions Facing Delay". Cincinnati Enquirer. p. B1. Retrieved 29 August 2023.
  7. ^ "Ohio National To Lay Off 300, Drop Annuity Lines". Retrieved 2018-10-26.
  8. ^ "AM Best comments on credit ratings of members of Ohio National Life Group". Retrieved 2018-12-06.
  9. ^ "The Ohio National Foundation". Retrieved 2018-05-08.
  10. ^ "Victorian Holiday Village". Retrieved 2018-05-17.

External links

39°14′51″N 84°21′50″W / 39.247563°N 84.363899°W / 39.247563; -84.363899

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