OneAmerica Asset Management

Investment management operates within OneAmerica Financial, the parent mutual organization. Scott Davison serves as chairman and CEO of the enterprise. The chief investment officer and investment team report through the corporate structure and manage the general account portfolio under board-level oversight. Specific CIO naming is not publicly disaggregated in firm materials.

OneAmerica Financial is organized as a mutual company, meaning it is owned by its policyholders rather than public shareholders. This structure frees the asset management team from quarterly earnings pressure and allows a portfolio posture that prioritizes long-duration asset-liability matching. The general account is dominated by buy-and-hold credit and commercial mortgage positions rather than mark-to-market trading strategies.

The portfolio reflects a traditional insurance general-account allocation. Investment-grade corporate bonds form the largest single exposure. Commercial mortgage lending — originated directly on office, multifamily, industrial, and retail properties — represents a significant commitment. Private placement debt and select structured credit complete the core fixed-income program. Equity and alternative sleeves are substantially smaller, constrained by risk-based capital requirements.

Yes. While both sit under OneAmerica Financial, OneAmerica Asset Management handles insurance general account investing, while OneAmerica Retirement Services administers participant-directed retirement plans. The retirement services division oversees roughly $100 billion in plan assets as of 2023, per the firm, but those assets are typically invested in third-party mutual funds and collective trusts — they are not directly managed by the asset management unit.

The firm invests overwhelmingly on behalf of its own insurance balance sheet. It does not operate a significant third-party asset management business seeking outside institutional mandates, differentiating it from insurers that have built standalone investment management subsidiaries. The capital at work backs life insurance, annuity, and disability policyholder obligations.