Our Family of Companies
western & southern financial group logo
western & southern life
columbus life logo
eagle realty group logo
fort washington logo
gerber life logo
integrity life logo
lafayette life logo
national integrity life logo
touchstone investments logo
w&s financial group distributors logo
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2021 Annual Report

Our outstanding financial performance is fueling our ability to deliver valuable financial solutions to you at every stage of life’s journey.

Download the 2021 Annual Report

A Human Institution Serving Human Needs

Born as a modest, door-to-door business during America's industrial age — and built to last — Western & Southern Financial Group 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 use our financial strength to provide financial 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 2021 Annual Report (PDF)

John Barrett

Message from Our Chairman

"The key to Western & Southern’s success and resilience continues to be the culture we have built and refined over the years."

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

Download John Barrett's Message (PDF)

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 achieved record results in many areas in 2021.
$66.9 Billion

assets owned

$111.6 Billion

assets owned and managed

$13.1 Billion

total equity

$5.9 Billion

life and health premiums and annuity sales

$78.3 Billion

investment assets under management*

$7.5 Billion

mutual fund sales

*As of Dec. 31, 2021. Includes assets under management by Fort Washington Investment Advisors of $73.8 billion and $4.5 billion in commitments managed by Fort Washington Capital Partners Group, a firm division.

Member Company Highlights

The financial solutions delivered by each of our member companies helped them drive excellent results in 2021.

Columbus Life Insurance Company

Achieved record life insurance sales, exceeding 2020 results by over 54% with increased production and greater customer reach through new and existing agency relationships.

Eagle Realty Group, LLC

Funded a record $1.4 billion in mortgage loans, pushing the mortgage loan portfolio to an all-time high of $5.2 billion.

Fort Washington Investment Advisors, Inc.

Achieved record results in many categories, including revenue, net income, new assets under management, and total assets under management.

Gerber Life Insurance Company

Total revenue exceeded $1 billion for the second time, fortifying the company's ability to help deliver protection to more individuals, parents, grandparents and families.

Institutional Markets

Introduced IncomeSense,1 a life insurance policy to deliver mortgage payment and income replacement protection through a completely digital purchase process.

The Lafayette Life Insurance Company

Drove the third consecutive year of 20% growth in life insurance sales and achieved record operating gain results.

Touchstone Investments®

Completed the acquisition of certain assets of the AIG mutual funds business, totaling $6.8 billion.

W&S Financial Group Distibutors, Inc.

Annuity sales, which provide customers the opportunity for a lifetime income stream during retirement, reached a record $3.4 billion.

Western & Southern Life

Began selling a new term product,2 introduced a customer self-service portal, and set records in customer ease of doing business, target market sales and customer retention.

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.

Despite the continuing challenges posed by the COVID-19 pandemic and the shift in policies at the federal level, we finished 2021 in the best financial position in our company’s history with record results in nearly every financial performance metric.

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Our Solutions

Our customers have been at the heart of our business ever since our founding as The Western and Southern Life Insurance Company in 1888. In 2021, 6.5 million customers sought solutions offered by the member companies of Western & Southern Financial Group to help provide financial security and peace of mind.

Corporate Responsibility Report

Our Corporate Responsibility Report focuses on our relationship of responsibility to you and the communities we serve. Accomplishing our mission relies on key practices and policies designed to leave a positive impact on you, our communities and the world.
Explore Our Corporate Responsibility Report

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

We provide meaningful and challenging work for our associates at both our Cincinnati home office and at field offices in many states. We also offer an outstanding benefits package that includes a defined benefit pension plan and 401(k) match so our associates can enjoy financial security and a rewarding career they cannot find anywhere else.
Explore Our Careers

Our Leadership

Our leadership team brings a wealth of knowledge and deep experience in the financial services industry that guides every step we take to deliver financial security to you, your families and business partners.
Meet Our Leadership Team

2021 Annual Report

Take a comprehensive look at our year.

Download the 2021 Annual Report
IMPORTANT DISCLOSURES

1 IncomeSense, policy series ICC20 2006-4003-W WSA, ICC20 2006-4003-R WSA, is issued by Western-Southern Life Assurance Company.

2 Income Choice Term, policy series ICC20 2008-2627 WSA END, is issued by Western-Southern Life Assurance Company.