OneAmerica Financial Partners Inc. enjoyed a 24-percent surge in sales last year as several of its life-insurance and retirement products enjoyed strong growth.
The Indianapolis-based life insurer pulled in sales last year of $1.7 billion and boosted its overall assets 12 percent, to $24.4 billion.
The company did not disclose its profit for the year. As a mutual insurance company, all of OneAmerica’s profits belong to its policyholders and are reinvested in the company.
“Customers and financial professionals continue to appreciate and respond to our ability to deliver a combination of value, stability and performance,” said OneAmerica CEO Dayton Molendorp in a statement.
The company saw sales of its individual life insurance products grow 55 percent last year, compared with 2009. Sales growth of 401(k) plans and disability insurance was 26 percent and 20 percent, respectively.
OneAmerica also boosted profit by enjoying better returns on its investments.
OneAmerica employs 1,600 workers, about 1,300 of them at its corporate headquarters in downtown Indianapolis.