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In 1904, American Central Life Insurance Company established its Reinsurance Division, which as of 2015 is the oldest life reinsurance company in the U.S. In 1930, Knights of Pythias separated the insurance program, creating United Mutual Life Insurance Company Inc. Then, in 1936, American Central and United Mutual merged to form American ...
American Income Life Insurance Company (AIL) is an American unionized life insurance company that provides supplemental life insurance to labor unions, credit unions, and associations. The company was founded in 1951 and the executive offices have been located in Waco, Texas, since 1959. American Income Life is licensed in 49 states, the ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
In 1981, as the United American Insurance Company, the company became a member of Globe Life, a financial services holding company, listed on the New York Stock Exchange NYSE: GL. [1] United American was chartered that year as a result of their business spreading across the United States. First UA wrote its first life insurance policy in 1986.
In 1994, TMK acquired American Income Life Insurance Company. [3] In 1998, TMK spun off Waddell and Reed Financial, a mutual fund subsidiary. [5] In 2006, TMK began moving its headquarters from Birmingham, AL to McKinney, TX. [2] In 2010, TMK sold United Investors Life Insurance Company (UIL) to Protective Life Corporation. [6]
Insurance companies with headquarters located in the United States. A large number of United States-based insurance companies are actually headquartered in Bermuda ; see Category:Insurance companies of Bermuda .