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130 Years of Operating History

Since the beginning, our focus has always been on putting customers first. In the decades since our founding as The Western and Southern Life Insurance Company, we have worked hard to provide real value to our most important stakeholder — you.

  1. 2018

    1. Western & Southern lays a foundation to expand the 11-year-old Ride Cincinnati charity event into a powerhouse fundraiser for cancer research.
  2. 2017

    1. Western & Southern Financial Group posts record net income of $620.7 million on record revenues and reports that its year-end balance sheet is the strongest in history.
    2. Touchstone acquires Sentinel Funds, serving as a catalyst for expanded investment opportunities, adding four new strategies and bringing scale to several popular funds.
    3. Western & Southern forms Institutional Markets, a business unit focused on growing relationships with corporate and business clients.
  3. 2016

    1. Sales of Western & Southern’s Indextra®, the nation’s first fixed indexed annuity featuring a proprietary index from Goldman Sachs, surpass $1 billion.
  1. 2013

    1. Fort Washington Investment Advisors, Inc., is named a Best Place to Work in Money Management by Pensions & Investments magazine, the first of several such honors.
  1. 2011

    1. Cincinnati’s Western & Southern-sponsored men’s and women’s professional tennis tournaments unite under a single name, the Western & Southern Open.
  2. 2009

    1. Touchstone Investments launches 11 new mutual funds during the depths of the Great Recession.
  3. 2008

    1. Western & Southern establishes an associate/student mentoring program at Cincinnati Public School’s Withrow University High School. 
  1. 2007

    1. Western & Southern establishes the Dr. Lawrence C. Hawkins Educator of the Year Award to inspire and reward educator excellence in Cincinnati Public Schools.
      dr lawrence c hawkins
    2. The Lafayette Life Insurance Company joins Western & Southern.
    3. Insurance Profillment Solutions (IPS) is formed providing comprehensive life insurance fulfillment services for customers of partner banks.
    4. W&S Financial Group Distributors is established as the wholesale distributor of annuities and life insurance issued by Western & Southern member companies.
  1. 2002

    1. Western & Southern is named to the Fortune 500 list for the first time.
  2. 1999

    1. Western & Southern acquires Integrity Life Insurance Company and National Integrity Life Insurance Company.
  3. 1998

    1. Xavier University dedicates its business school, the Williams College of Business, in honor of Western & Southern’s second and third presidents, William John Williams and Charles Finn Williams.
  1. 1996

    1. Western & Southern assets surpass $10 billion.
    2. Columbus Life becomes the first Western & Southern member company to relocate to Cincinnati.
  2. 1995

    1. The company begins to refer to itself as the Western-Southern Enterprise. Within a few years, it takes the name Western & Southern Financial Group to reflect its growth and breadth of financial expertise.
  3. 1993

    1. Brackett Village, an affordable housing community developed by Western & Southern in Cincinnati’s Over-the-Rhine (OTR) neighborhood, is dedicated. It helps spur OTR neighborhood redevelopment.
  4. 1992

    1. Western & Southern purchases Cincinnati’s historic Guilford School and renovates it to house modern office space and an associate fitness center.
      western southern guilford
  1. 1988

    1. Western & Southern celebrates its 100th anniversary.
    2. Western & Southern establishes a charitable foundation, Western & Southern Financial Fund, to support medical research, medical institutions and institutions of higher learning in Cincinnati.
    3. University of Cincinnati College of Medicine dedicates the Barrett Center for Cancer Research and Treatment, named for retired Western & Southern Chairman, President and CEO Dr. Charles M. Barrett.
  2. 1986

    1. Columbus Life is formed through Western & Southern’s merger with Columbus Mutual. It markets products through independent producers to upper middle-income and emerging affluent clients.
  3. 1973

    1. Dr. Charles M. Barrett, president from 1973 to 1984, advances the company toward industry leadership, develops new products and improves associate training and technology.
      charles m barrett western southern
  1. 1968

    1. Western & Southern enters the banking business by purchasing Southern Ohio Bank and, in 1970, Eagle Savings Association. Changes in the banking and regulatory environment cause the company to eventually exit the business.
  2. 1963

    1. In the early 1960s, construction of the northeast expressway (now I-71) threatens to destroy Lytle Park. Western & Southern pays to slab over the expressway, allowing the city to reconstruct Lytle Park above it.
  3. 1957

    1. The company installs its first mainframe computer, “Waldo,” and institutes education and training to help associates embrace the new technology and the career opportunities it creates.
  4. 1954

    1. Under Charles M. Williams, president from 1950 to 1957, and then William C. Safford, president from 1957 to 1973, Western & Southern begins a period of rapid expansion, acquiring nine insurance companies and two banks over 14 years.
  5. 1952

    1. Company assets rise to $507 million. Reserves and surplus increase to $445 million and $35 million, respectively, and the company pays $12 million in death claims.
  1. 1943

    1. The company asks associates to earmark 10 percent of their pay to purchase war bonds during World War II.
  2. 1941

    1. During World War II, approximately 550 Western & Southern associates serve on active duty in the armed services. Unusual for the times, the company pays those serving a $50-a-month gratuity to supplement their military pay.
  3. 1939

    1. Western & Southern constructs the first Crib of the Nativity holiday display, a gift to the people of Greater Cincinnati, in Lytle Park.
  1. 1937

    1. The company establishes the Cooperative Insurance Disability and Retirement plan for associates, the precursor to today’s fully funded pension plan.
  2. 1931

    1. In the depths of the Great Depression, President Charles F. Williams announces two salary increases for the sales force, along with a tuition aid plan and more liberal vacation policies for home office associates.
  3. 1916

    1. Western & Southern dedicates its magnificent, new home office building at Fourth and Broadway in Cincinnati.
  1. 1914

    1. Western & Southern declares its first dividend – $185,000.
  2. 1913

    1. In its 25th anniversary year, the company sells $25 million in new life insurance and purchases the National Progressive Life Company of Cincinnati, its first corporate acquisition.
  3. 1910

    1. William J. Williams and his brother Charles F. Williams purchase a controlling interest in Western & Southern. Through successive presidencies, they chart a course of steady, stable growth for 40 years.
      william j williams western southern
  1. 1888

    1. The Western and Southern Life Insurance Company is established in Cincinnati to provide weekly premium life insurance that industrial workers can afford. Dr. Frank Caldwell becomes president and William J. Williams, company secretary.

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