Western & Southern posts powerful profit growth as assets hit milestone


Western & Southern Financial Group generated record profit last year while the largest acquisition in company history pushed its assets owned over the $50 billion mark for the first time.

Assets at downtown-based Western & Southern, Cincinnati’s only Fortune 500 company that doesn’t offer publicly traded stock, rose to $51.6 billion at the end of last year, Western & Southern said in posting year-end results. That jump from $47.9 billion a year earlier was largely due to Western & Southern’s…

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