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AIG American General Life Insurance

The AIG American General group of companies was established in 1925 after the Texas Commission of Appeals passed a historic ruling enabling insurance firms to also be able to underwrite property and casualty lines of insurance. American General's founder Gus S. Wortham has been running a highly successful insurance company in Houston, Texas in 1915 but he had a vision of offering property and casualty insurance lines as well. He was able to establish the American General Insurance Company in 1926 that offers life, property, and casualty insurance products. The company was a pioneer in offering multi-line products in the U.S. and three years into its operations it declared its very first dividend.

As early as 1945, American General has been conducting its strategic acquisitions. Its acquisition of Seaboard Life Insurance Company made American General the only insurance company in the southern part of the U.S. to underwrite life, automobile, property, and casualty policies. In 1953, American General acquired an insurance company in Omaha, marking its very first expansion beyond Texas. Throughout the 1960s and 1970s, American General acquired more companies in New York, Maryland, and Tennessee. The company's assets hit $1 billion in 1968 as it started trading in the New York Stock Exchange.

The AIG American General group of companies was established in 1925 after the Texas Commission of Appeals passed a historic ruling enabling insurance firms to also be able to underwrite property and casualty lines of insurance. American General's founder Gus S. Wortham has been running a highly successful insurance company in Houston, Texas in 1915 but he had a vision of offering property and casualty insurance lines as well. He was able to establish the American General Insurance Company in 1926 that offers life, property, and casualty insurance products. The company was a pioneer in offering multi-line products in the U.S. and three years into its operations it declared its very first dividend.

As early as 1945, American General has been conducting its strategic acquisitions. Its acquisition of Seaboard Life Insurance Company made American General the only insurance company in the southern part of the U.S. to underwrite life, automobile, property, and casualty policies. In 1953, American General acquired an insurance company in Omaha, marking its very first expansion beyond Texas. Throughout the 1960s and 1970s, American General acquired more companies in New York, Maryland, and Tennessee. The company's assets hit $1 billion in 1968 as it started trading in the New York Stock Exchange. The company started offering variable annuities, creating what would eventually become a trillion-dollar segment of the insurance market today.

When the financial services industry underwent sweeping regulatory changes during the 1990s, American General acquired 40% of Western National Corporation, which is the leading provider of retirement annuities in the U.S. at the time. During the decade, the company also acquired The Franklin Life Insurance Company, as well as the New York-based United States Life Corporation. By the end of the decade, American General acquired the rest of Western National. With these acquisitions, the company ranked third in terms of the volume of individual annuities written in the U.S.

It was not until 2001 that American International Group, Inc. (AIG) would acquire American General. AIG is made up of several companies offering a wide variety of life and general insurance products targeting individual, commercial, and institutional customers, distributed through various channels in over 130 countries. The member companies of AIG include American General Life and Accident Insurance Company, American General, as well as affiliated brands such as AGLA, American General Life Companies, Western National, and SunAmerica.

American General has been in operation for 160 years now and has issued over 13 million insurance policies amounting to over $36 billion in settlements. American General works hard to ensure that life goes on despite disruptions. The company is unceasing in its efforts to develop better ways of extending protection, support, and financial security for its policy-holders.

The company offers numerous flexible insurance products ensuring the peace of mind of its over 13 million policyholders. It is financially solid and is able to take on risks. The companies under the American General umbrella have been keeping their promises to families and businesses for over 160 years.

The AGLA provides products for the middle market as well as small business owners. Its flagship product line "Quality of Life Insurance" comes with rider policies that offer financial benefits for critical or long-term illnesses. The products under this line carry with it the tagline: "Changing the Way Americans Think About, Purchase and Use Life Insurance."

AIG American General's subsidiary SunAmerica, on the other hand, focuses exclusively on Income and Retirement Solutions. It is a pioneer in retirement savings focusing primarily on servicing peopl

e's lifetime income needs. The company continues to come up with innovative products, particularly guaranteed income and variable annuities solutions.

Western National is another subsidiary of American General that offers immediate and fixed annuity solutions that enables policyholders to live out their retirement years on their own terms. The products have been designed to help its customers accomplish their financial goals and secure their finances.

During the late 1970s, American General took over the operations of the Variable Annuity Life Insurance Company (VALIC), signaling the company's entry into the retirement savings market. The company started offering variable annuities, creating what would eventually become a trillion-dollar segment of the insurance market today.

Consumer finance operations followed in 1982. This operation will become one of American General's key business segments. In the same year, the company also made its largest acquisition with the purchase of The National Life and Accident Insurance Company (later renamed American General Life and Accident Insurance Company). With this acquisition, American General shifted its focus to becoming a financial services organization that places emphasis on retirement, consumer finance, and life insurance.

When the financial services industry underwent sweeping regulatory changes during the 1990s, American General acquired 40% of Western National Corporation, which is the leading provider of retirement annuities in the U.S. at the time. During the decade, the company also acquired The Franklin Life Insurance Company, as well as the New York-based United States Life Corporation. By the end of the decade, American General acquired the rest of Western National. With these acquisitions, the company ranked third in terms of the volume of individual annuities written in the U.S.

It was not until 2001 that American International Group, Inc. (AIG) would acquire American General. AIG is made up of several companies offering a wide variety of life and general insurance products targeting individual, commercial, and institutional customers, distributed through various channels in over 130 countries. The member companies of AIG include American General Life and Accident Insurance Company, American General, as well as affiliated brands such as AGLA, American General Life Companies, Western National, and SunAmerica.

American General has been in operation for 160 years now and has issued over 13 million insurance policies amounting to over $36 billion in settlements. American General works hard to ensure that life goes on despite disruptions. The company is unceasing in its efforts to develop better ways of extending protection, support, and financial security for its policy-holders.

The company offers numerous flexible insurance products ensuring the peace of mind of its over 13 million policyholders. It is financially solid and is able to take on risks. The companies under the American General umbrella have been keeping their promises to families and businesses for over 160 years.

The AGLA provides products for the middle market as well as small business owners. Its flagship product line "Quality of Life Insurance" comes with rider policies that offer financial benefits for critical or long-term illnesses. The products under this line carry with it the tagline: "Changing the Way Americans Think About, Purchase and Use Life Insurance."

AIG American General's subsidiary SunAmerica, on the other hand, focuses exclusively on Income and Retirement Solutions. It is a pioneer in retirement savings focusing primarily on servicing people's lifetime income needs. The company continues to come up with innovative products, particularly guaranteed income and variable annuities solutions.

Western National is another subsidiary of American General that offers immediate and fixed annuity solutions that enables policyholders to live out their retirement years on their own terms. The products have been designed to help its customers accomplish their financial goals and secure their finances.

The AIG American General group of companies was established in 1925 after the Texas Commission of Appeals passed a historic ruling enabling insurance firms to also be able to underwrite property and casualty lines of insurance. American General's founder Gus S. Wortham has been running a highly successful insurance company in Houston, Texas in 1915 but he had a vision of offering property and casualty insurance lines as well. He was able to establish the American General Insurance Company in 1926 that offers life, property, and casualty insurance products. The company was a pioneer in offering multi-line products in the U.S. and three years into its operations it declared its very first dividend.

As early as 1945, American General has been conducting its strategic acquisitions. Its acquisition of Seaboard Life Insurance Company made American General the only insurance company in the southern part of the U.S. to underwrite life, automobile, property, and casualty policies. In 1953, American General acquired an insurance company in Omaha, marking its very first expansion beyond Texas. Throughout the 1960s and 1970s, American General acquired more companies in New York, Maryland, and Tennessee. The company's assets hit $1 billion in 1968 as it started trading in the New York Stock Exchange.

During the late 1970s, American General took over the operations of the Variable Annuity Life Insurance Company (VALIC), signaling the company's entry into the retirement savings market. The company started offering variable annuities, creating what would eventually become a trillion-dollar segment of the insurance market today.

Consumer finance operations followed in 1982. This operation will become one of American General's key business segments. In the same year, the company also made its largest acquisition with the purchase of The National Life and Accident Insurance Company (later renamed American General Life and Accident Insurance Company). With this acquisition, American General shifted its focus to becoming a financial services organization that places emphasis on retirement, consumer finance, and life insurance.

When the financial services industry underwent sweeping regulatory changes during the 1990s, American General acquired 40% of Western National Corporation, which is the leading provider of retirement annuities in the U.S. at the time. During the decade, the company also acquired The Franklin Life Insurance Company, as well as the New York-based United States Life Corporation. By the end of the decade, American General acquired the rest of Western National. With these acquisitions, the company ranked third in terms of the volume of individual annuities written in the U.S.

It was not until 2001 that American International Group, Inc. (AIG) would acquire American General. AIG is made up of several companies offering a wide variety of life and general insurance products targeting individual, commercial, and institutional customers, distributed through various channels in over 130 countries. The member companies of AIG include American General Life and Accident Insurance Company, American General, as well as affiliated brands such as AGLA, American General Life Companies, Western National, and SunAmerica.

American General has been in operation for 160 years now and has issued over 13 million insurance policies amounting to over $36 billion in settlements. American General works hard to ensure that life goes on despite disruptions. The company is unceasing in its efforts to develop better ways of extending protection, support, and financial security for its policy-holders.

The company offers numerous flexible insurance products ensuring the peace of mind of its over 13 million policyholders. It is financially solid and is able to take on risks. The companies under the American General umbrella have been keeping their promises to families and businesses for over 160 years.

The AGLA provides products for the middle market as well as small business owners. Its flagship product line "Quality of Life Insurance" comes with rider policies that offer financial benefits for critical or long-term illnesses. The products under this line carry with it the tagline: "Changing the Way Americans Think About, Purchase and Use Life Insurance."

AIG American General's subsidiary SunAmerica, on the other hand, focuses exclusively on Income and Retirement Solutions. It is a pioneer in retirement savings focusing primarily on servicing people's lifetime income needs. The company continues to come up with innovative products, particularly guaranteed income and variable annuities solutions.

Western National is another subsidiary of American General that offers immediate and fixed annuity solutions that enables policyholders to live out their retirement years on their own terms. The products have been designed to help its customers accomplish their financial goals and secure their finances.