As the boom years of the '50s gave way to the challenges of the '60s, '70s, '80s, and '90s, Ohio National continued to exhibit the business acumen and quality service that would sustain its national leadership position. To keep pace with the changing financial landscape, products were developed that combined orthodox insurance provisions with the dynamic investment characteristics our clients expected. Thus, in 1969, the company offered variable annuities and, in 1982, universal life insurance. These developments, in turn, led to new departments and enterprises. Wholly owned subsidiaries, such as the O.N. Fund, Inc., the O.N. Equity Sales Company (ONESCO), and the O.N. Investment Management Co. (ONIMCO), were developed to keep pace with the ever-changing financial marketplace. Variable annuities were expanded to include stocks, bonds, balanced funds, money markets, and fixed options. In 1992, ONE Fund, a family of mutual funds, was introduced. Today, approximately two-thirds of the company's sales representatives are members of the Financial Industry Regulatory Authority (FINRA), and are licensed to sell SEC registered products.
In 1998, Ohio National successfully completed its reorganization under a mutual insurance holding company structure. Our new corporate structure provides important strategic flexibility and enhances our financial position by making timely and efficient access to the capital markets available to us.
