June 19, 2018 5:29 PM 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, CEO & President
Age: 64
Chief Financial Officer
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 Financial Services, Inc. Announces Consolidated Financial Results for the Year Ended December 31, 2017

Ohio National Financial Services, Inc. announced consolidated financial results for the year ended December 31, 2017. For the year, the company reported total revenue of $2.2 billion against $2.0 billion for the same period a year ago. Core earnings increased 2.7% to $181.5 million. The increase relates to higher than planned fee-related income, offset by higher than planned claims and mortality and less than planned investment income and margins.

Ohio National Financial Services, Inc. Announces Executive Changes

Ohio National Financial Services announced Anthony W. Dunn, CPA, CMA, CPCU, will become chief financial officer on Jan. 1, 2018. Dunn succeeds Arthur J. Roberts, CPA, CLU, FLMI, who will retire at the end of the year. Dunn will continue to execute the organization’s financial strategy in the final year of a five-year corporate growth plan and will lead the financial strategy development for the company’s next plan. Dunn joined Ohio National in 2015 as vice president, audit services, and in 2016, was promoted to senior vice president, audit services. He is currently responsible for leading the internal audit services team. Prior to joining Ohio National, Dunn was vice president, financial planning and analysis for The Cincinnati Insurance Company and its subsidiaries. Roberts will assist with the transition prior to his Dec. 31, 2017, retirement.

Ohio National Financial Services to Introduce New Indexed Universal Life Insurance

Ohio National Financial Services introduced a new indexed universal life insurance product that offers the flexibility and protection of a universal life policy with indexed account options to help build cash value. Highlights of its accumulation, protection and flexibility features include, Three index accounts and a fixed account so customers can allocate premiums to fit their needs, minimum participation rate of 100% for all index accounts, step-up of at least 30 basis points to all index segments of a policy, as well as to the fixed account beginning in the 11th policy year1, two flexible loan options (index and standard) with the ability to switch between them as needs change 2, overloan protection rider, 2% cumulative account value true-up3, an accelerated benefit rider (ABR), which is a living benefit that accelerates a portion of the death benefit if the insured is defined as chronically or terminally ill, up to a 20-year no lapse guarantee.

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