Western & Southern Financial Group

Western & Southern Financial Group
Mutual
Genre Financial Services
Founded 1888 as Western and Southern Life Insurance
Headquarters Cincinnati, Ohio, United States
Key people
 John F. Barrett
Products Insurance, Annuities, Mutual Funds
Total assets $60 billion (2013)
Website www.westernsouthern.com

Western & Southern Financial Group, also commonly referred to as Western & Southern, is a Cincinnati, Ohio-based diversified family of financial services companies with assets owned and managed in excess of $60 billion as of June 30, 2013.[1] As of 2013, it held a "AA+ Very Strong" rating from Standard & Poor's.[2]

Through its member companies, Western & Southern offers a variety of financial services such as life insurance, annuities, mutual funds and investment management. Western & Southern's member companies include The Western & Southern Life Insurance Co, Western-Southern Life Assurance Co, Columbus Life Insurance Co, Lafayette Life Insurance Co, IFS Financial Services, Fort Washington Investment Advisors, Eagle Realty Group, Integrity Life Insurance Co, and National Integrity Life Insurance Co.

Western & Southern hosts the Western & Southern Open tennis tournament. This tennis event has contributed more than $5.5 million to charities in the Greater Cincinnati community.[3]

Western & Southern played a key role in the development of the Great American Tower at Queen City Square project in downtown Cincinnati, Ohio.

In May 2013, Western & Southern signed a controversial agreement with Cincinnati Union Bethel to purchase the historic Anna Louise Inn in downtown Cincinnati.[4] In 2014, Western & Southern Financial Group, owner of many properties within the Lytle Park Historic District asked the city to remove historic status of several historic buildings. The company hopes to demolish sections of the district in order to build new office space.[5][6]

On September 17, 2018, Western & Southern announced that it would be acquiring the Gerber Life Insurance Company from Nestle for $1.55 billion.[7]

See also

References

  1. ↑ http://www.incomesolutions.com/CoProfile.aspx?company=Integrity%20Life%20Insurance%20Company%20or%20National%20Integrity%20Life%20Insurance%20Company&status=A
  2. ↑ http://blog.lakelandchamber.com/2013/06/western-southern-life-has-been-providing-quality-service-in-lakeland-since-1969/
  3. ↑ "Director dropped from Western & Southern tennis event," by Shannon Russell. Cincinnati Enquirer, January 12, 2011.http://news.cincinnati.com/article/20110112/SPT/101130325/Flory-dropped-from-W-S-tennis-event
  4. ↑ "John Barrett toughed out Anna Louise Inn fight," Cincinnati Enquirer, May 15, 2013 http://news.cincinnati.com/article/20130515/BIZ/305150052/John-Barrett-toughed-out-Anna-Louise-fight?nclick_check=1
  5. ↑ Yung, John (May 1, 2014). "Is Western & Southern planning a new HQ at Lytle Park?". Cincinnati Business Courier. Retrieved 7 June 2014.
  6. ↑ Demeropolis, Tom (May 2, 2014). "Western & Southern clears first step to reshape Lytle Park district". Cincinnati Business Courier. Retrieved 7 June 2014.
  7. ↑ https://www.wsj.com/articles/nestle-to-sell-gerber-life-insurance-to-western-southern-financial-1537222977


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