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State Life Insurance Company
History
In 1894, eight prominent Indianapolis businessmen borrowed $500, rented a one-room downtown office and founded The State Life Insurance Company. Under the leadership of Andrew M. Sweeney, the first company president and policyholder, State Life was granted a charter Sept. 5 of that year.
100 years later, in 1994, State Life began a strategic alliance with American United Life Insurance Companyý (AUL), creating the first in a series of partnerships that culminated in the formation of OneAmerica Financial Partners, Inc., in 2000. As a result, AUL is financially responsible for State Life products.
Financial Background
State Life has a long history of financial strength, helping us keep our promise to customers to provide security and peace of mind. Below we are reporting 2004 financial results for both State Life and its partner company, OneAmerica Financial Partners, Inc. State Life's numbers are reported on a statutory basis, while OneAmericaý's are based on generally accepted accounting principles (GAAP).
Financial Highlights
2004 State Life Statutory Year-End Highlights in millions of dollars
| Total Assets |
$424.4 |
| Premium and Other Income |
$69.0 |
| Total Surplus (including AVR*) |
$49.1 |
| Net Investment Income |
$25.9 |
*Asset valuation reserve.
2004 OneAmerica GAAP Year-End Highlights in millions of dollars
| Total Assets |
$15,027.9 |
| Total Revenue |
$1,004.8 |
| Total Equity |
$1,182.3 |
| Net Investment Income |
$427.5 |
| Net Income |
$56.3 |
2004 State Life Statutory Cumulative Quarterly Results in millions of dollars
|
1Q |
2Q |
3Q |
4Q |
| Total Assets |
$408.8 |
$418.0 |
$425.0 |
$424.4 |
| Premium and Other Income |
$17.3 |
$36.8 |
$54.1 |
$69.0 |
| Total Surplus (including AVR*) |
$48.1 |
$47.3 |
$48.4 |
$49.1 |
| Net Investment Income |
$6.2 |
$12.3 |
$19.1 |
$25.9 |
Ratings
A.M. Best's
A (Excellent) -- The third highest of 15 possible ratings, according to the report dated Dec. 15, 2004.
Standard & Poor's
AA- (Very Strong) -- The fourth highest of 21 possible ratings, according to the insurer profile dated August 30, 2004.
To find out more about State Life and get quotes on long term care insurance, please call us at (888) 925-3874. | 
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