Category Archives: Western & Southern Financial Group

Western & Southern Financial Group – History

Western & Southern Financial’s (Western & Southern) heritage goes back to 1888 when Western and Southern Life Insurance was founded.

The company’s subsidiary Columbus Life Insurance was founded as Columbus Mutual in 1906.

Fort Washington Investment Advisors (FWIA) was created in 1990 as a wholly owned subsidiary of Western and Southern Life Insurance.

Western & Southern Financial and The Lafayette Life merged in 2005. During the year, the company relocated the headquarters of its subsidiary, Integrity Life Insurance Company from Louisville, Kentucky to Cincinnati.

In the year, the company appointed Michael R. Moser as Vice President and Chief Compliance Officer and D. Todd Henderson as Vice President and Chief Risk Officer, and Linda M. Lake as Director of Human Resources and Associate Relations.

Fort Washington Capital Partners, a subsidiary of the group, opened its office in Salt Lake City in July 2006.

In the following month, Mary T. Noll was appointed as Vice President of Operations for Fort Washington Savings Company, a member company of W&Western & Southern operating as a state-chartered thrift for policyholders of The Western and Southern Life Insurance Company. In November 2006, Mark E. Caner was appointed as President of W&S Financial Group Distributors, an operating unit of IFS Financial Services, (IFS).

JPMorgan acquired the fund services business of one of its affiliates – Integrated Investment Services (IIS), from Western & Southern Financial Group in February 2007. In the same month, Eagle Realty Group, the real estate investment and property management subsidiary of Western & Southern Financial Group (Western & Southern), named Ashley Strehler as Director of real estate services. In June 2007, Mary T. Kynkor was appointed as Assistant Vice President of human resources of the company. Western & Southern launched a new corporate identity in June 2007.

Western & Southern Financial Group – Business Description

Western & Southern Financial Group (Western & Southern) is a financial services company providing life insurance, retirement planning and investment products and services for consumers and businesses. The group consists of the following subsidiaries: Western & Southern Life Insurance, Lifetime Income Solutions, Columbus Life Insurance, Lafayetter Life Insurance, IFS Financial Services, Fort Washington Investment Advisors, Eagle Realty Group and Integrity Life Insurance.

Western and Southern Life Insurance maintains more than 181 offices operating in 23 states and the District of Columbia. It provides life insurance and personalized needs analysis to customers.

Columbus Life Insurance has 3,500 independent producers marketing insurance products and services, supported by a home office team of insurance professionals. The company provides life insurance (whole life, universal life, variable universal life, survivor universal life and term), annuities, and retirement planning and personalized needs analysis.

Fort Washington Investment Advisors provides investment management services through equity and fixed-income investment strategies. Its clients include institutions, insurance companies, associations, high-net-worth individuals and mutual funds.

Integrity Life Insurance and its subsidiary, National Integrity Life Insurance, offer value-added annuities and other financial tools to customers in 50 US states and the District of Columbia. Integrity Life is based in Louisville, Kentucky, and National Integrity Life is located in Goshen, New York.

IFS Financial Services consists of four core revenue-generating business units:Touchstone Advisors, Touchstone Securities, Integrated Investment Services and W&S Financial Distributors. IFS financial Services provides fixed and variable annuities, mutual funds, fund administration, life insurance and wealth preservation programs to broker/dealers, financial planners, brokerage firms, wirehouses, independent agents, financial institutions and mutual fund complexes.Touchstone provides a portfolio of financial products and services, including the Touchstone Family of Funds and Variable Annuities, through leading broker/dealers and banks across the nation. Integrated Investment Services is a full-service provider of administration, accounting, financial reporting and shareholder servicing to 14 independent mutual fund companies.W&S Financial Group Distributors, the affiliated broker/dealer of Integrated Investment Services, provides services for fund distribution.

Eagle Realty is a full-service commercial real estate investment, brokerage and management firm, which provides integrated expertise through three core businesses: commercial property management, multi-family property management and investment management.

Lafayette Life Insurance offers financial and insurance planning products and services to serve a range of personal, family and business needs.

Lifetime Income Solutions provides guaranteed income products, low-cost annuity products and fee-based products for the retirement planning market, including individuals and companies.

Western & Southern Financial Group – Key Facts

Head Office

Western & Southern Financial Group

400 Broadway

Cincinnati

Ohio 45202

USA

Phone

1 513 629 1800

Fax

1 513 629 1220

Web Address

http://www.westernsouthern.com

Revenue / turnover (USD Mn)

2,691.0

Financial Year End

December

Western & Southern Financial Group – Company Overview

Western & Southern Financial (Western & Southern) is a privately held company, which operates through its subsidiaries offers a range of life insurance products and annuities; accident and supplemental health coverage; mutual funds and other investment management products and services; and financial services including mutual fund administration, trust services, financial advisory, and real estate development.The group primarily operates in the US. It is headquartered in Cincinnati, Ohio.

The group recorded revenues of $2,690.9 million during the fiscal year ended December 2006, an increase of 10.4% over 2005. The net profit was $306.1 million in fiscal year 2006, an increase of 14.3% over 2005.