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In 2006, Western & Southern Financial Group achieved record net income of $306.1 million, a 14 percent increase over 2005 on record revenues.
A number of strategic initiatives fueled our strong performance in 2006:
- The Lafayette Life Insurance Company completed its first full year as a member of the Western & Southern family;
- We successfully moved Integrity Life Insurance Company from Louisville, Ky., and integrated it into our Cincinnati operations (Integrity did not miss a beat, enjoying its best year ever);
- We acquired and consolidated the Constellation Funds Group into Touchstone Funds, pushing total mutual fund assets to $8 billion; and,
- Eagle Realty Group opened downtown Cincinnati’s first new office building in 14 years (now substantially rented).
By the end of 2006, Western & Southern Financial Group’s assets owned, managed and under our care reached $47 billion, as we continue our evolution into a world-class financial services organization.
Western & Southern Financial Group, a Fortune 500 company, has grown substantially through a combination of organic growth and acquisitions, the cultivation of small ideas into highly successful businesses, diversification, solid investment performance and strong expense management.
Western & Southern Financial Group’s heritage goes back to 1888 when The Western and Southern Life Insurance Company was founded to serve the insurance needs of moderate-income individuals and families in the Midwest. Western & Southern Financial Group has blossomed into a highly complex, diversified, personal and business financial services company, serving virtually every income segment throughout much of the United States.
Western & Southern Financial Group's 2006 annual report may be viewed in its entirety as a PDF file.
Necessary Software
A Note About Adobe Acrobat Reader
You
will need Adobe® Reader®
– free software that enables you to view and print Adobe Portable
Document Format (PDF) files – in order to view Western &
Southern Financial Group's 2006 Annual Report. If you do not
already have this software on your computer, please click the
icon below and follow the instructions on how to download the
software from Adobe's Web site. If you already have this software,
please download our annual
report for viewing.
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