Ohio National Life Insurance Company
| Company type | Mutual insurance organization |
|---|---|
| Industry | Insurance |
| Founded | 1909 |
| Headquarters | Cincinnati, Ohio , United States |
Area served | United States (all 50 states, District of Columbia, Puerto Rico), Chile, Brazil, Peru |
Key people | Gary T. "Doc" Huffman (CEO), Barbara A. Turner (President & COO) |
| Products | Life insurance, annuities, disability insurance, group retirement solutions, investment options |
Number of employees | 1,000+ |
| Parent | Ohio National Mutual Holdings, Inc. |
The Ohio National Life Insurance Company is a mutual insurance organization headquartered in Cincinnati, Ohio. Together with its associated entities, it offers a range of products including life insurance, annuities, disability insurance, group retirement solutions, and various investment options. Its services reach customers across all 50 states, the District of Columbia, and Puerto Rico.
Under the leadership of CEO Gary T. “Doc” Huffman and President & COO Barbara A. Turner, Ohio National employs more than 1,000 team members. The company earned recognition as one of Cincinnati's top 15 workplaces in 2017 and secured the #126 spot on Forbes' America's Best Midsize Employers list in 2018, ranking 8th within Ohio and first in Cincinnati.
On the international front, Ohio National maintains an office in Fort Lauderdale, Florida and oversees its South American operations via a subsidiary based in Santiago, Chile. Its product offerings extend to markets in Chile, Brazil, and Peru.
The firm boasts robust financial strength ratings: an A rating from Standard & Poor’s (2018), an A+ (Superior) from A.M. Best (2018), and an A1 from Moody's Investors Service (2016).
Ohio National Mutual Holdings, Inc. serves as the parent company for multiple subsidiaries:
- 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
Originally established as a stock company in 1909, Ohio National transitioned to mutual company status in 1959. In 1998, it restructured into a mutual insurance holding company named Ohio National Mutual Holdings, Inc., with an intermediate holding company called Ohio National Financial Services, Inc.
Around the year 2000, the company acquired a facility at Lunken Airport previously operated by Executive Jet Management.
In September 2018, Ohio National withdrew from most segments of the annuity market and reduced its workforce by about 300 out of 1,300 employees to concentrate on expanding its life insurance business. It continues to provide life insurance, disability insurance, and immediate annuities while maintaining significant operations in Latin America. After this strategic realignment, Standard & Poor's lowered its rating from A+ to A; however, Moody's and A.M. Best maintained their A1 and A+ ratings respectively.
Philanthropy
Since its inception in 1987 through 2017, The Ohio National Foundation has contributed over $22 million to charitable organizations. Prominent recipients include United Way; the Duncanson Artist-in-Residence Program at the Taft Museum of Art supporting African-American artists; Habitat for Humanity; and the Make-a-Wish Foundation. Additionally, since 2001, the Victorian Holiday Village event hosted by Ohio National has gathered more than 15 tons of food donations benefiting local charities.