Strong competitive position supported by leading market position in niche care solutions business Consistent sales growth, especially in its retirement services (RS) segment Low-risk product profile supported by no significant exposure to insurance products with secondary guarantees Extremely strong capital adequacy with 'AAA' redundancy per our risk-based capital (RBC) model Strong enterprise risk management (ERM) framework Less-established, albeit growing, competitive position in the individual life insurance market than higher-rated peers Limited access to sources of capital due to mutual company status S&P Global Ratings' ratings on OneAmerica Financial Partners Inc. and its operating subsidiaries (collectively, OneAmerica) reflects the group's leading market position in combination products that link life insurance or annuities with long-term care (LTC) insurance through its niche care
