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In 1995, CNA completed a $1.1 billion merger with The Continental Corporation. The merger was the first significant merger of two property and casualty companies in more than 25 years. In 1999, CNA sold its personal insurance division to Allstate. [5] [6] That personal insurance company is now Encompass Insurance Company, a subsidiary of ...
In 2009, Aflac acquired Continental American Insurance Company for $100 million, [5] enabling them to sell supplemental insurance on both the individual and group platforms. [6] As of June 30, 2012 [update] , it was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S. [ 7 ]
The Colonial Penn Life Insurance Company (often known as simply Colonial Penn) is an American life insurance company based in Philadelphia, Pennsylvania, founded by philanthropist and AARP co-founder Leonard Davis, owned by CNO Financial Group.
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The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
United Investors was founded in 1961. [3]Prior to October 1981, all outstanding stock of United Investors Life was held by Waddell & Reed, Inc. (90 percent), the distributor and manager of the “United Group” of Mutual Funds, and its parent, Continental Investment Corporation (10 percent), a financial services holding company.