Our Family of Companies
western & southern financial group
western & southern life
columbus life insurance company
eagle realty group
fort washington investment advisors
gerber life insurance
integrity life insurance company
lafayette life insurance company
national integrity life insurance company
touchstone investments
western & southern financial group distributors
Father Sitting on Couch with Son

2020 Annual Report

Our outstanding financial performance in 2020 is fueling our ability to deliver valuable financial solutions to you along life’s journey.

A Human Institution Serving Human Needs

Born as a modest, door-to-door business during America’s industrial age in the late 1800s — and built to last — Western & Southern is today among the financially strongest life insurance groups in the world.

We have endured and thrived because we never lost sight of our purpose: to provide financial strength and security to those we serve. We earn your trust by operating with integrity, making sensible decisions, and faithfully honoring our promises today, tomorrow and always.

Our family of companies continues to grow and diversify, fortifying our financial foundation and embracing new opportunities to meet your needs through superior service and an ever-expanding range of insurance, investment and retirement solutions.

We have always been a human institution serving human needs, committed to helping you live the life you want to live. This organizing principle united our founders and remains our mission today.

Download the 2020 Annual Report (PDF)

John Barrett Annual Report 2020

Message From Our Chairman

"Much of the positive performance may be attributed to our incredible corporate culture. Over the years, we have made key strategic investments in our businesses, distribution systems, innovation, technology and talent to position ourselves for growth."

John F. Barrett, Chairman, President and Chief Executive Officer

2020 Financial Ratings

Our Ratings

Financial ratings from independent rating agencies — A.M. Best, Standard & Poor’s, Fitch and Moody’s — are solid indicators of our financial strength and stability.

Western & Southern’s seven life and health insurance companies — The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, National Integrity Life Insurance Company and The Lafayette Life Insurance Company — maintain very strong financial ratings. 

Gerber Life is rated only by A.M. Best with a rating of A/Excellent for its excellent ability to meet ongoing insurance obligations (third highest of 13 ratings, held since January 2019). Lafayette Life is not rated by Moody’s.

Record Results

Western & Southern produced outstanding financial results in 2020. 
$62.9 Billion

assets owned

$98.8 Billion

assets owned and managed

$12.4 Billion

total equity

$5.6 Billion
life and health premiums and annuity sales
$69.4 Billion

investment assets under management*

$7.5 Billion

mutual fund sales

*As of Dec. 31, 2020. Includes assets under management by Fort Washington Investment Advisors of $65.1 billion and $4.3 billion in commitments managed by Fort Washington Capital Partners Group, a division.

Member Company Highlights

The financial solutions delivered by each of our member companies helped them drive excellent results in 2020.

Columbus Life Insurance Company

Introduced a survivorship indexed universal life product that equipped customers with added flexibility in helping address wealth transfer, charitable giving and business succession planning needs.

Eagle Realty Group, LLC

Funded more than $938 million in mortgage loans as mortgage loan portfolio grew to $3.8 billion, both records.

Fort Washington Investment Advisors, Inc.

Named a “Best Place to Work in Money Management” by Pensions & Investments for the seventh time.1

Gerber Life Insurance Company

New policies placed jumped 29%, helping deliver protection to more individuals, parents and grandparents for their families.

Institutional Markets

Grew policies placed by 66% among customers referred through bank partners of myLifeApp.com, a strong indicator of the importance of financial protection during a pandemic.

The Lafayette Life Insurance Company

Helped safeguard the financial future of more families and businesses as sales of new life policies grew 45%.

Touchstone Investments®

Achieved a record $7.5 billion in mutual fund sales and $25.8 billion in assets under management.

W&S Financial Group Distibutors, Inc.

Reached an all-time high of nearly $3.1 billion in annuity sales, providing customers the opportunity for lifetime income during retirement.

Western & Southern Life

Grew sales to middle-income customers by 29% over 2019 while customer loyalty measures achieved an all-time high.2

Company Financials

Financial strength is critical to organizations like ours that strive to deliver solid results for you. With a heritage dating back to 1888, the disciplined way we approach our business delivers financial strength that is among the highest in the life insurance industry.

The COVID-19 pandemic and accompanying economic fallout tested our industry in ways not seen since the Great Recession. However, by favoring the long term and making sensible decisions, we weathered the storm to finish the year in the best financial position in our company’s history. 
Family sitting on the kitchen floor

Our Solutions

Ever since our founding in 1888 as The Western and Southern Life Insurance Company, our customers have been at the heart of everything we do. This was especially evident in 2020, when more than 5 million customers relied on the financial security of solutions provided by member companies of Western & Southern Financial Group.
Man riding bike at Ride Cincinnati

Giving Back

Our customers and communities are at the center of everything we do, and we are proud to put our financial strength to work for them every day. We give back the way we do business — by taking a customer-focused long–term view, making sensible decisions, and executing with a spirit of teamwork and collaboration.

The causes we support focus on major events, human services, health care, education and the arts. They impact the quality of life for the citizens of our community.

Our Culture

Culture is a way of life shared by a group of people — how we act, what we believe, how we treat one another, and what we value. At Western & Southern, where we focus on creating value through everything we do, we believe our culture sets us apart.
Learn More About Our Culture

Our Careers

Our associates are our most valued resource. Our ability to attract, develop and retain the best talent helps determine our future success and makes us the ideal place for a career.
Explore Our Careers

Our Leadership

Discover how our chairman, president and CEO, board of directors and senior leadership build a successful culture of service, inspiration and leadership.
Meet Our Leadership Team

2020 Annual Report

Take a comprehensive look at our year.
Download the Report
IMPORTANT DISCLOSURES

1 Pensions & Investments Best Places to Work rankings are determined in conjunction with third-party surveys of employers and employees.

2 Based on internal Western & Southern Life Heart of the Customer End Customer Surveys, Q4 2020.

IMPORTANT DISCLOSURES

1 Pensions & Investments Best Places to Work rankings are determined in conjunction with third-party surveys of employers and employees.

2 Based on internal Western & Southern Life Heart of the Customer End Customer Surveys, Q4 2020.