Company type | Mutual |
---|---|
Genre | Financial Services |
Founded | 1888 | as Western and Southern Life Insurance
Headquarters | Cincinnati, Ohio , United States |
Key people | John F. Barrett (CEO) |
Products | Insurance, Annuities, Mutual Funds |
Revenue | $7.2 billion (2023) [1] |
651.3 million United States dollar (2023) | |
Total assets | $75.1 billion (2023) [2] |
Number of employees | 3,400 [3] (2023) |
Subsidiaries | The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Eagle Realty Group LLC, Fabric by Gerber Life, Fort Washington Investment Advisors, Gerber Life Agency, Gerber Life Insurance Company, Integrity Life Insurance Company, National Integrity Life Insurance Company, The Lafayette Life Insurance Company, Touchstone Investments, W&S Brokerage Services, W&S Financial Group Distributors |
Website | www.westernsouthern.com |
Western & Southern Financial Group, also commonly referred to as Western & Southern, is the Cincinnati, Ohio-based parent company of a diversified group of financial services subsidiaries with $112.2 billion in assets owned and managed as of Dec. 31, 2023. [2] It is a Fortune 500 company at No. 284. [3] As of June 2024, it held a "AA- Very Strong" rating from Standard & Poor's, a "A+ Superior" from A.M. Best, a "AA Very Strong" from Fitch, a "Aa3 Excellent" from Moody's, and a "96 out of 100" Comdex ranking. [1]
Through its subsidiaries, Western & Southern offers a variety of financial services such as life insurance, annuities, mutual funds, retirement planning and investment management. Subsidiaries include Western & Southern Life Insurance Co, Western-Southern Life Assurance Co, Columbus Life Insurance Co, Gerber Life Insurance Company, Integrity Life Insurance Co, National Integrity Life Insurance Co, Lafayette Life Insurance Co, IFS Financial Services, Fort Washington Investment Advisors, Touchstone Investments, Eagle Realty Group, Fabric by Gerber Life and W&S Financial Group Distributors. [4]
Western & Southern served as title sponsor of the Western & Southern Open tennis tournament until 2023. The new owner of the tennis tournament, Beemok Capital, renamed it the Cincinnati Open in 2024. [5] This tennis event contributes more than $80 million in annual economic impact in the Greater Cincinnati community. [6]
Western & Southern played a key role in the development of the Great American Tower at Queen City Square project in downtown Cincinnati, Ohio. [7] The city’s tallest office tower was completed in 2011. [8]
In May 2013, Western & Southern signed a controversial agreement with Cincinnati Union Bethel to purchase the historic Anna Louise Inn in downtown Cincinnati. [9] In 2014, Western & Southern Financial Group, owner of many properties within the Lytle Park Historic District asked the city to remove the historic status of several historic buildings. The company hopes to remove sections of the district in order to build new office space. [10] [11]
In 2015, Western & Southern became the title sponsor of the annual WEBN fireworks show that takes place along the Ohio River as part of Riverfest over Labor Day weekend each year. Some 500,000 people gather to watch the fireworks along the Ohio River on both Ohio and Northern Kentucky riverfronts. They also watch them on jumbotron TVs at Fountain Square. [12]
In 2018, Western & Southern acquired the Gerber Life Insurance Company from Nestle for $1.55 billion, [13] [14] along with a long-term intellectual property license in connection with financial services. [15]
In November 2019, Western & Southern Financial Group promoted John Bultema as CEO of Lafayette Life Insurance Co. [16]
On 9 March 2020, Legacy Marketing Group formed a strategic partnership with Western & Southern Financial Group to create and sell Western & Southern subsidiary Integrity Life Insurance Company's proprietary fixed indexed annuity products. [17]
In 2022, Western & Southern acquired Fabric Technologies [18] and later renamed it Fabric by Gerber Life.
A study released in March 2023 by the University of Cincinnati Economic Center showed that Western & Southern supported 188,715 jobs, $13.6 billion in earnings and a total economic output of $27.4 billion. [19]
Western & Southern dates back to the founding of The Western and Southern Life Insurance Company in 1888. [20]
Cincinnati Bell, Inc., doing business as Altafiber, is a regional telecommunications service provider based in Cincinnati, Ohio, United States. It provides landline telephone, fiber-optic Internet, and IPTV services through its subsidiaries Altafiber Home Phone and Hawaiian Telcom, which are the incumbent local exchange carriers for the Greater Cincinnati metropolitan area and Hawaii. Other subsidiaries provide enterprise information technology services and long distance calling.
The Cincinnati Open is an annual professional tennis event held in Cincinnati, United States. Due to previous sponsorship, it has also been known as: the Thriftway ATP Championships, the Great American Insurance ATP Championships, the Western & Southern Financial Group Masters and Women's Open and, most recently, the Western & Southern Open. It is played on outdoor hard courts at the Lindner Family Tennis Center in Mason, Ohio, and is held in August. The event started on September 18, 1899, and is the oldest tennis tournament in the United States still played in its original city. It also is the third largest tennis event in the United States, after the US Open and the Indian Wells Masters. It is one of the ATP Masters 1000 tournaments on the ATP Tour, and one of the WTA 1000 tournaments on the WTA Tour.
WEBN – branded as 102-7 WEBN – is a commercial mainstream rock radio station licensed to Cincinnati, Ohio, serving Greater Cincinnati. Owned by iHeartMedia, WEBN serves as the FM flagship for the Cincinnati Bengals Radio Network; and the home of radio personality Christopher "Kidd Chris" Foley. The WEBN studios are located in Cincinnati, as is the station transmitter. Besides a standard analog transmission, WEBN broadcasts over three HD Radio channels, and is available online via iHeartRadio. WEBN-HD2 simulcasts over local translators W264BW Norwood (100.7 FM) and W292CO Middletown (106.3 FM), while WEBN-HD3 simulcasts over W272BY Cincinnati (102.3 FM).
American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio. Its primary businesses are insurance and investments.
WKFS is a radio station in the Cincinnati, Ohio, market, licensed to nearby Milford. It broadcasts a gold-based Top 40 format and is owned by iHeartMedia. The WKFS studios are located in Kenwood Towne Centre, and the station transmitter is located in Mount Auburn, a neighborhood northeast of downtown Cincinnati.
Swifton Center was a shopping mall in Cincinnati, Ohio, United States. Opened in 1956 as the first mall in the Cincinnati area, it was initially an open-air complex featuring Rollman & Sons department store as the sole anchor store. This store was converted to Mabley & Carew in 1960, and again to Elder-Beerman in 1978. Other major tenants included Kroger, Liberal Market, G. C. Murphy, and S. S. Kresge. The mall had undergone a severe decline in tenancy by the early 1980s, resulting from the relocation of Kroger and deferred maintenance of the property.
The Power Building is a historic commercial building in the downtown of Cincinnati, Ohio, United States.
The Great American Tower at Queen City Square is a 41-story, 667-foot-tall (203 m) skyscraper in Cincinnati, Ohio which opened in January 2011. The tower was built by Western & Southern Financial Group at a cost of $322 million including $65 million of taxpayer-funded subsidies. Construction on the tower had begun in July 2008. Half of the building is occupied as the headquarters of the American Financial Group subsidiary, Great American Insurance Company. As of 2015, it is the third-tallest building in the state of Ohio, the tallest outside of Cleveland, and the tallest building in Cincinnati.
The Cincinnati Riverfest is an annual festival that takes place on Labor Day weekend on the Ohio River at Cincinnati. It has taken place annually since 1977. The highlight of the event, the fireworks display at 9:05 PM, is one of the largest in the Midwest. The festival's corporate sponsors are WEBN and Western & Southern Financial Group.
The Ohio National Life Insurance Company is a mutual insurance company. The Ohio National Life Insurance Company is headquartered in Cincinnati, Ohio, United States. Along with its affiliated companies, the Ohio National group offers life insurance, annuities, disability insurance, group retirement plans, and investment products. It sells products in all fifty states, the District of Columbia, and Puerto Rico.
The Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan. Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses. It is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the Gerber Products Company unit of Nestlé.
Downtown Cincinnati is one of the 52 neighborhoods of Cincinnati, Ohio. It is the central business district of the city, as well the economic and symbiotic center of the Cincinnati metropolitan area. Originally the densely populated core of the city, the neighborhood was transformed into a commercial zone in the mid-20th century. The population was 5,835 at the 2020 census.
John F. Barrett is the American chairman, president and chief executive officer of Western & Southern Financial Group. Barrett has served as CEO since 1994 and as president since 1989. Under Barrett's leadership, Western & Southern has grown from a small Midwestern life insurance company founded in 1888 into a national financial services enterprise and has doubled in size every five years for the past 15 years. Western & Southern has assets owned, managed and under care in excess of $100 billion as of 2021 and is one of the eight highest-rated life insurance groups in the world, based on its Standard & Poor's rating.
Lytle Park Historic District is a historic district in Cincinnati, Ohio, United States. Roughly bounded by 3rd, 5th, Sycamore, Commercial Sq., and Butler Sts. in downtown Cincinnati, it centers on Lytle Park.
Hard Rock Casino Cincinnati is a casino in Cincinnati, Ohio, owned by Vici Properties and operated by Hard Rock International. It opened in 2013.
The Cincinnati Bengals Radio Network is an American radio network consisting of 37 radio stations which carry coverage of the Cincinnati Bengals, a professional football team in the NFL. Three Cincinnati radio stations—WCKY (1530 AM), WEBN (102.7 FM), and WLW (700 AM)—serve as the network's flagship stations; WLW also simulcasts over a low-power FM translator. The network also includes 39 affiliates in the U.S. states of Ohio, Kentucky, Indiana, and West Virginia: 27 AM stations, 18 of which extend their signals with one or more low-power FM translators; and 12 full-power FM stations. Dan Hoard is the current play-by-play announcer, while Dave Lapham serves as color commentator. In addition to traditional over-the-air AM and FM broadcasts, the Bengals are available on SiriusXM satellite radio, and online with NFL Audio Pass.
Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio. As of 2021, TQL is the largest private company in greater Cincinnati according to the Cincinnati Enquirer and American City Business Journals.
The Lindner family is a family that has been prominent in the Cincinnati metropolitan area since the mid-20th century. They are known for their work in the insurance and investments business. As of 2015, Forbes ranks them as the 129th richest family in the United States. They are also known for their involvement in professional sports; Carl Jr. was a part owner and CEO of the Cincinnati Reds, Carl III is the majority owner and CEO of FC Cincinnati, and the family's contributions to the Western & Southern Open led to its venue being titled the Lindner Family Tennis Center.