American General is considered to be one of the leaders in the market when it comes to retirement services. In addition, they are also ranked as a leader in the financial services field. They are also a leader in terms of consumer loan services and life insurance. All told, they have amassed $123 billion in assets and $20 billion in market capitalization. The company believes in helping all people meet their financial needs by using the services they provide. Every customer is treated to the respect they deserve, which includes excellent financial returns on their investment. The company has 1,812 financial advisors, 36,000 financial institutions, and an astounding 20,000 agents, all of whom are knowledgeable about their services and products. American General Operating Companies American General and their operating companies believe in providing their financial services to everyone in the country. They offer retirement services that help individuals plan and develop a secure retirement policy for their future. This is available for all customers, and each plan is designed specifically for the individual's needs. They service nearly 2 million customers with medical plans that include the design, delivery, and support of that plan. In term of annuities, the company is believed to be a leader in the field.
American General also believes in bringing peace of mind to its customers. This carries over into the life insurance policies they offer. They offer a number of different products and services to meet the needs and demands of all customers. American General utilizes 28,000 independent agents, 10,000 registered representatives, and 5,000 career agents to properly distribute their products and services over a variety of channels. Some of these products are designed for a specific target market, and the needs of that market. Their consumer financial division is dedicated to meeting the needs of their customers, throughout the life of their policy. They offer consumer loans, home mortgages, home equity loans, and retail financing all through their branch offices and the network they have in place. In terms of investments, the company has over 50 years of experience. This experience is in areas such as managing investments, and managing the portfolios of their clients. Different investors can benefit from their services, including individual investors and large institutions. American General is currently responsible for over $118 billion in assets. History Of American General American General dates back to 1926 when the company was first formed. Since that date, they have grown into one of the largest companies in the world for consumer loans, retirement services, and life insurance policies. During the 1920's, the company saw an astounding rate of growth in terms of their size and operations. By the end of the decade, the company had doubled in size. Three co-workers first came up with the concept of the company in 1926. Each man invested $75,000 to make their dream a reality, and once the money was found, they decided to name their new company. The three men decided on the name of American General, and on May 7, 1926, they officially developed the charter of this company. It took only three years for the company to experience their first dividend, which became a sign of things to come. They branched out into other business opportunities in an attempt to reach more consumers. This made the company the first to launch a wholly owned subsidiary. Throughout the 1950's and 1960's, the company worked hard to create new ventures and to find new acquisitions, which led to its rapid expansion. The company expanded into the New York Life Insurance Market in 1960 by taking control of the Patriot Life Insurance Company. The company later took control of the Variable Annuity Life Insurance Company and the Life and Casualty Insurance Company of Nashville, Tennessee. In 1961, the company reached $1 billion in overall assets. They also turned public that year and began trading on the New York Stock Exchange. By 1972, the company saw a new CEO and chairman of the board in Woodson. This led to a change in offerings, to general business corporation from a property liability insurance company, and the name was changed to the American General Corporation. From 1982 to 1984, the company went on a rapid buying spree, acquiring a large number of other companies and corporations. Following that period of time, the company worked to diversify their holdings, while also streamlining and consolidating some of their other holdings. This led to the company selling their group life and heath insurance divisions in 1989. The company continued to grow and change over the years, as they made their presence known throughout the world. They added retirement services and leadership services, along with a variety of other services in the consumer finance field. By continuing to merge and acquire other companies, they have managed to keep growing both internally and externally. American General has proven itself as a strong company with a large financial backing. It is clear that this company will only continue to grow in the future, based solely on their background. The company has shocked some of its competitors by offering returns to their investors of 20%, far more than any other company. This is a company that is dedicated, as shown in their record of dividends. The company has paid quarterly dividends to shareholders for over 70 years. The annual growth of this company has been around 12% every year. The company defined its purpose in 1999, and passed along that information to its employees. They made sure that everyone knew their goal was to help with the lifetime financial needs of their clients. Every year the company revaluates their strategy and works to create a better strategy to make their company even better. American General has always been dedicated towards being one of the leaders in specific types of financial services. They are currently the biggest public held life insurance company. They believe in giving all their shareholders the best financial returns possible. AIG American General American General is still located in the Houston area where they employ over 4,000 workers. Their customer service centers located across the US are devoted to increasing their customer base, and providing all customers with the services and products they need. American General believes that their success can be traced back to their relationship with their customers. They believe in being loyal to all their customers, and ensuring that they continue to see growth and profits. This helps the company provide everything their clients need, from strong services to excellent products. |
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American General
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