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American General Life Insurance Company |
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Company Address: |
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2929 Allen Pkwy, Houston, TX 77019 |
Company Website: |
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www.americangeneral.com |
About: |
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American General Life Companies (American General) have been protecting the
hopes and dreams of American families for nearly a century. Although the company
has retained its Houston base, today it bears little similarity to the simple
operation that began with one man’s dream.
With more than 4,000 employees and offices and service centers across the
country to serve our producers and customers, American General insurers now rank
among the top insurance providers in North America.
We owe our success over the years to one simple principle — being a loyal
partner of American families and the advisors who help safeguard their security.
That’s why our insurers remain committed to provide quality products that help
our clients build brighter futures for themselves and the ones they love. And
it’s why we never lose sight of the fact that insurance is about people — their
welfare, their security, and their dreams for themselves and for future
generations.
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History: |
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The story of American General Life Companies (American General) began in 1925
when the Texas Commission of Appeals made a historic ruling that enabled
insurance companies to underwrite both property and casualty insurance. Our
founder, Gus S. Wortham, had operated a successful insurance agency in Houston
in 1915 and had a vision for such a company. With the backing of his father and
several prominent business associates, he launched the American General
Insurance Company on May 8, 1926, one of the first multi-line insurance
companies in the nation. Three years later, American General declared its first
dividend.
In 1945, American General completed the first of its own strategic acquisitions,
Seaboard Life Insurance Company, making American General the only company in the
southern United States to underwrite fire, life, automobile and casualty
insurance. Another acquisition in 1953 in Omaha marked American General's first
expansion outside Texas. Throughout the 1960s and early 1970s, companies in
Maryland, New York and Tennessee followed. By 1968, American General had reached
$1 billion in total assets and began trading on the New York Stock Exchange.
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Company Ratings: |
| Agency |
Rating |
Description |
| A.M. Best |
A |
Excellent |
| Standard & Poor´s |
A+ |
Strong |
| Moody´s |
A1 |
Good |
| Fitch |
A- |
Strong |
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