OneAmerica buys $700 million in business

OneAmerica Financial Partners, the Indianapolis-based insurance and financial services company, said today it has acquired a block of fixed annuity business from Transamerica Life Insurance Co. of Cedar Rapids, Iowa.

The price was not disclosed, but the addition will boost OneAmerica’s asset base by about $700 million, pushing the total above $19 billion.

The new business includes 40,000 plan participants. OneAmerica has 400,000 clients in American United Life Insurance Co.’s retirement services division.

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