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Listings in Financial Services
Aetna
Aetna Inc. (/??tn?/) is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare. Since November 28, 2018, the company has been a subsidiary of CVS Health. The company’s network includes 22.1 million medical members, 12.7 million dental members, 13.1 million pharmacy benefit management services members, 1,200,000 health-care professionals, over 690,000 primary care doctors and specialists, and over 5,700 hospitals.[2] Aetna is the direct descendant of Aetna (Fire) Insurance Company of Hartford, Connecticut.[3] The name of the company is based on Mount Etna, at the time the most active volcano in Europe.
Aflac
Aflac Inc. /?æflæk/ (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States.[3] The company was founded in 1955 and is based in Columbus, Georgia. In the U.S., Aflac underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it “provides financial protection to more than 50 million people worldwide”.[4] In 2009, Aflac acquired Continental American Insurance Company for $100 million;[5] this enabled Aflac to sell supplemental insurance on both the individual and group platform.[6] As of June 30, 2012, Aflac was represented by approximately 19,300 sales agencies in Japan, and 76,900 licensed sales associates in the U.S.
AIG
American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of December 31, 2016, AIG companies employed 56,400 people.[4] The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary.[5][6][7] General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.[5][6][7] AIG’s corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000.[8] AIG was ranked 60th on the 2018 Fortune 500 list.[9] According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world.[10] On December 31, 2017, AIG had $65.2 billion in shareholder equity.[11] During the financial crisis of 2008, the Federal Reserve bailed the company out for $180 billion and assumed control, with the Financial Crisis Inquiry Commission correlating AIG’s failure with the mass sales of unhedged insurance.[12] In 2011 the nationalization of AIG was ruled illegal,[13] and after regaining autonomy, AIG repaid $205 billion to the United States government in 2012.
Allstate
The Allstate Corporation is an American insurance company that is in the United States. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993.[2] The company has had its headquarters in Northfield Township, Illinois, near Northbrook since 1967.[4][5] Allstate is one of the largest American corporations, and with 2018 revenues of $39.8 billion ranked 79th in the Fortune 500 list of the largest United States corporations by total revenue.[6] Its current advertising campaign, in use since 2004, asks, “Are you in good hands?”
Ally Financial
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets. Ally is ranked 19th on the list of largest banks in the United States by assets, is the largest car finance company in the U.S. by volume,[2] and serves over 6 million customers.[1] Via its SmartAuction online marketplace for auto auctions, launched in 2000, the company has sold more than 5 million vehicles, including 281,000 vehicles sold in 2018.[1][3] The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010.
American Express
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.[5] The company is best known for its charge card, credit card, and traveler’s cheque businesses. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States.[6] As of December 31, 2018, the company had 114.0 million cards in force, including 53.7 million cards in force in the United States, each with an average annual spending of $19,340.[4] In 2017, Forbes named American Express as the 23rd most valuable brand in the world (and the highest within financial services), estimating the brand to be worth US$24.5 billion.[7] In 2018, Fortune ranked American Express as the 14th most admired company worldwide,[8] and the 23rd best company to work for.[9] The company’s logo, adopted in 1958, is a gladiator or centurion[10] whose image appears on the company’s traveler’s cheques, charge cards and credit cards.
American Family Insurance Group
American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. A Fortune 500 company, its revenues were over $9.5 billion in 2017.[3][4] It should not be confused with American Family Home Insurance Company, a subsidiary of Munich Re subsidiary American Modern Insurance Group, Inc., or American Family Life Assurance Company of Columbus.
American Financial Group
American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio.[1] Its primary businesses are insurance and investments.
Ameriprise Financial
Ameriprise Financial, Inc. is an American diversified financial services company.[2] Ameriprise Financial engages in business through its subsidiaries, providing financial planning, products and services, including wealth management, asset management, insurance, annuities, and estate planning. Ameriprise Financial, Inc., the holding company, is incorporated in Delaware. The company’s headquarters are in Minneapolis, Minnesota. James Cracchiolo is the chairman and chief executive officer. The company’s primary subsidiaries include Ameriprise Financial Services, Inc., and RiverSource Life Insurance Company. Following a 2015 merger of Columbia Management and Threadneedle Asset Management, Columbia Threadneedle Investments, is Ameriprise Financial’s global asset management brand, and a provider of investments to institutional and retail clients.
Amtrust Financial Services
AmTrust Financial Services, Inc., is a New York City-based multinational property and casualty insurance company.[4] Operating through its subsidiaries, its operations are divided into three segments: Small Commercial Business insurance, Specialty Risk and Extended Warranty insurance, and Specialty Middle-Market Property and Casualty insurance. The companys main regions of operations are North America, United Kingdom, and mainland Europe. AmTrust is listed on the NASDAQ Global Market under the ticker symbol AFSI and is rated A- (Excellent) by AM Best Company.[5] Barry Zyskind is the Chief Executive Officer.
Anthem
Anthem, Inc., is a provider of health insurance in the United States. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association. As of 2018, the company had approximately 40 million members.[2] Anthem is ranked 33rd on the Fortune 500.[3] Prior to 2014, it was named WellPoint, Inc.[4][5] The company was formed by the 2004 merger of WellPoint, based in California, and Anthem, based in Indianapolis, after both companies acquired several health insurance companies. The company operates as Anthem Blue Cross in California, where it has about 800,000 customers and is the largest health insurer. It operates as Empire BlueCross BlueShield in New York State and as Anthem Blue Cross and Blue Shield in 10 states.
Arthur J. Gallagher
Arthur J. Gallagher & Co. (AJG) is a US-based global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois (a suburb of Chicago). The firm was established in 1927 and is one of the largest insurance brokers in the world.
Assurant
Assurant, Inc. is a global provider of risk management products and services[3] with headquarters in New York City.[4] Its businesses provide a diverse set of specialty, niche-market insurance products in the property, casualty, extended device protection, and preneed insurance sectors. The companys three operating segments are Global Housing, Global Lifestyle, and Global Preneed.[4] The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The companys initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc.[5][6] Assurant is 440 on the Fortune 500 list of the largest publicly traded companies in the United States.
Auto-Owners Insurance
Auto-Owners Insurance is a mutual insurance company that offers auto, home, business and life insurance to policyholders exclusively through independent agents. The company, which is located in Delta Township, Michigan, is the largest property and casualty insurance company headquartered in Michigan. Auto-Owners has more than $6 billion in written premium and $20.1 billion in assets. Based on written premium, the company is the 17th-largest insurance company in the U.S.* Auto-Owners markets its property and casualty and life products in 26 states exclusively through a network of independent agents. The company employs 5,500 associates nationwide in its 98 claims and underwriting branches. Auto-Owners consists of five property and casualty companies and a life/health/annuity insurer. It has 5.1 million policies in force. In 2015 the company purchased Atlantic Casualty Insurance Company, an excess and surplus lines company. Auto-Owners began writing excess and surplus lines insurance in 2016.
Bank of America
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided Italian immigrants who faced service discrimination various banking options.[3] Originally headquartered in San Francisco, California, Giannini acquired Banca d’America e d’Italia (Bank of America and Italy) in 1922. The passage of landmark federal banking legislation facilitated rapid growth in the 1950s, quickly establishing a prominent market share. After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for US$62 billion. Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively. Since both divisions carry the “Merrill Lynch” signage, the former is often referred to as “Merrill Lynch Wealth Management” to differentiate itself from the latter.[4] Both Bank of America, Merrill Lynch, and Merrill Lynch Wealth Management retain large market shares in their respective offerings. The investment bank is considered within the “Bulge Bracket” as the third largest investment bank in the world, as of 2018.[5] Its wealth management side manages US$1.081 trillion in assets under management (AUM) as the second largest wealth manager in the world, after UBS.[6] In commercial banking, Bank of America operatesbut does not necessarily maintain retail branchesin all 50 states of the United States, the District of Columbia and more than 40 other countries.[7] Its commercial banking footprint encapsulates 46 million consumer and small business relationships at 4,600 banking centers and 15,900 automated teller machines (ATMs). The bank’s large market share, business activities, and economic impact has led to numerous lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis. Its corporate practices of servicing the middle class and wider banking community has yielded a substantial market share since the early 20th century. As of August 2018, Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth largest American public company, it garnered $102.98 billion in sales as of June 2018.[8] Bank of America was ranked #24 on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.[9] Bank of America was named the “World’s Best Bank” by the Euromoney Institutional Investor in their 2018 Awards for Excellence.
Bank of New York Mellon
The Bank of New York Mellon Corporation, doing business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. It is the world’s largest custodian bank and asset servicing company,[2][3][4] with $1.7 trillion in assets under management and $33.1 trillion in assets under custody as of December 2018.[1] BNY Mellon is incorporated in New York.[5] Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Father Alexander Hamilton, and Aaron Burr.[6] Mellon had been founded in 1869 by the Mellon family of Pittsburgh, which included Secretary of the Treasury Andrew W. Mellon.
BB&T Corp.
BB&T Corporation (Branch Banking and Trust Company) is a bank holding company based in Winston-Salem, North Carolina.[2] Its bank operates 2,049 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.[1] It was ranked 16th on the list of largest banks in the United States by assets. Its subsidiary, BB&T Insurance Services, was one of the largest insurance brokers in the world.[3] In its history BB&T has made 106 mergers and acquisitions. Since it took over Southern National Bank in 1995, BB&T has made 43 deals. It is merging with SunTrust Banks in 2019 to form a company expected to be called Truist Financial Corporation, with a new headquarters in Charlotte, North Carolina.[4][5] BB&T is incorporated in North Carolina.
BlackRock
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is one of the world’s largest asset managers with $6.84 trillion in assets under management as of August 2019.[3] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
Capital One Financial
Capital One Financial Corporation is a bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia.[1] Capital One is ranked 10th on the list of largest banks in the United States by assets. The bank has 755 branches including 30 café style locations[2] and 2,000 ATMs. It is ranked 98th on the Fortune 500,[3] 17th on Fortune’s 100 Best Companies to Work For list,[4] and conducts business in the United States, Canada, and the United Kingdom.[1] The company helped pioneer the mass marketing of credit cards in the 1990s.[5] In 2016, it was the 5th largest credit card issuer by purchase volume, after American Express, JP Morgan Chase, Bank of America, and Citigroup.[6] With a market share of 5%, Capital One is also the 2nd largest auto finance company in the United States, following Ally Financial.[7] In the fourth quarter of 2018, 75% of the company’s revenues were from credit cards, 14% were from consumer banking, and 11% were from commercial banking.
Cardinal Health
Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Its headquarters are based in Dublin, Ohio and Dublin, Ireland (EMEA). The company specializes in distribution of pharmaceuticals and medical products, serving more than 100,000 locations.[2] The company also manufactures medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, it operates the largest network of radiopharmacies in the U.S.[3] Cardinal Health provides medical products to over 75 percent of hospitals in the United States.