July 26, 2017 5:21 AM ET

Insurance

Company Overview of Ohio National Financial Services, Inc.

Company Overview

Ohio National Financial Services, Inc. provides insurance protection and wealth accumulation products for individuals, groups, and businesses. The company offers life insurance products, such as term, whole, universal, and variable universal life insurances; fixed and variable annuities; disability income insurance products; retirement plans; and business solutions, such as fringe benefits, business owner needs, and retirement plans. It also offers investments, which include mutual funds, variable annuities, direct participation programs, full-service stock and bond trading products, unit investment trusts, structured products, group retirement plans, college savings plans, health savings ac...

One Financial Way

Cincinnati, OH 45242-5852

United States

Founded in 1909

Phone:

513-794-6100

Fax:

513-794-4504

Key Executives for Ohio National Financial Services, Inc.

Chairman, Chief Executive Officer and President
Age: 64
Second Vice President of Financial Reporting
Vice President of Broker/Dealer Operations and President of O.N. Equity Sales
Chief Investment Officer and Senior Vice President
Chief Administrative Officer and Executive Vice President
Compensation as of Fiscal Year 2017.

Ohio National Financial Services, Inc. Key Developments

Ohio National Life Insurance Co. and Ohio National Financial Services Inc. Elects Julie Janson to the Board of Directors

Duke Energy's Chief Counsel Julie Janson has been elected to the board of directors of the Ohio National Life Insurance Co. and Ohio National Financial Services Inc. Janson is chief legal officer and a member of Duke's senior management team. In addition to leading Duke's Office of the General Counsel, she is responsible for corporate communications, federal government affairs, strategic policy and sustainability functions, stakeholder strategy and the Duke Energy Foundation.

Ohio National Financial Services Announces Earnings Results for 2016

Ohio National Financial Services announced earnings results for 2016. Core net income decreased 7.3% to $177 million. It made planned strategic investments in business and technology assets during the year, lowering its profit from $191 million in 2015. Ohio National generated sales growth in several business lines beyond its core life insurance lines. Its retirement plan sales jumped 17% to $165.9 million. Disability income insurance sales rose 3% to $2.7 million. But annuity sales plummeted 26% to $1.5 billion, a product of declining variable annuity sales. Total revenue rose 6.2%, to $2 billion. Equity including items marked to market value grew 17% to $2.5 billion.

Ohio National Financial Services, Inc. Announces the Executive Promotions

Ohio National Financial Services announced the following promotions: Teresa Cooper, assistant vice president, financial reporting; Dave Spaulding, second vice president, financial reporting; and John McCaffrey, officer-level position of tax officer.

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