Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ohio National closes 2020 with increased capital; total adjusted capital climbs to record $1.2 .
Ohio National Financial ServicesFebruary 8, 2021 GMT
CINCINNATI, Feb. 08, 2021 (GLOBE NEWSWIRE) Ohio National Financial Services, Inc. today announced a 5.9% increase in statutory total adjusted capital and an 8.4% increase in GAAP equity (including accumulated other comprehensive income, or AOCI) reaching $1.2 billion and $2.8 billion, respectively, while assets under management grew by 1.8%, on an enterprise basis.
During this unprecedented and challenging year, marked by a global pandemic, economic downturn, market volatility and continued low interest rates, Ohio National continued to serve policyholders by paying more than $1.4 billion in benefits1 and continuing to pay dividends to eligible policyholders for the 97th consecutive year2.
Ohio National Financial Services, Inc. today announced a 5.9% increase in statutory total adjusted capital and an 8.4% increase in GAAP equity (including