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Listings in Insurance Companies
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?”
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.
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.
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.
Cigna
Cigna is an American worldwide health services organization based in suburban Bloomfield, Connecticut and Philadelphia, Pennsylvania.[2] 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 organizations, unions and associations). Cigna is incorporated in Connecticut. [3] Cigna offers Medicare and Medicaid products and health, life and accident insurance coverages primarily to individuals in the U.S. and selected international markets. In addition to its ongoing operations described above, Cigna also has certain run-off operations, including a Run-off Reinsurance segment.[4] In the Phoenix metropolitan area, Cigna runs a full-service staff-model HMO (health maintenance organization) with satellite clinics throughout the region, known as the Cigna Medical Group.[5] Cigna Global Health Benefits also operates under the Cigna corporation. Cignas motto is ‘Together, all the way.'[6] The company ranked No. 73 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[7] On March 7, 2018, it was announced that Cigna would buy Express Scripts in a $67 billion deal[8][9] and on August 24, 2018, the shareholders of Cigna and Express Scripts approved the deal.
Erie Insurance Group
Erie Insurance is a publicly held insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. As of 2019, Erie Insurance Group is ranked 381st among the largest public U.S. companies, in terms of revenue, by Fortune magazine. Its geographic footprint extends to 12 U.S. states and the District of Columbia, including Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin. It also owns the naming rights to the Erie Insurance Arena in downtown Erie, Pennsylvania. Erie Insurance Exchange began in 1925 when two salesman for the Pennsylvania Indemnity Exchange, H.O. Hirt and O.G. Crawford, left to create their own insurance company. In three months and 20 days, the two convinced 90 stockholders to invest using a hand-written business plan, raising $31,000 to begin their own auto insurance company. Erie Insurance Home Office The Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an automobile insurer, beginning operations on April 20, 1925. Erie Insurance Exchange was formed as a reciprocal and Erie Indemnity Company was formed as its managing company. The annual premium charge per auto was $34. Co-founder H.O. Hirt hoped to create a company built on service, developing the mantra, The ERIE is Above all in SERvIcE, with the letters E-R-I-E raised out of the word service. Customers, who were encouraged to call the company collect, could even expect the cofounders to answer the phone themselves. The company’s first adjuster and full-time claims manager, Sam P. Black, Jr., had a phone extension installed in his room at the local YMCA, offering 24-hour service to policyholders.
Farmers Insurance Exchange
Farmers Insurance Group (informally Farmers) is an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. It is a subsidiary of the Swiss company Zurich Insurance Group.
Guardian Life Ins. Co. of America
The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the United States. Based in New York City, it has approximately 8,000 employees in the United States and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest United States corporations by revenue.[1] In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billion in operating costs.[2] Founded in Manhattan in 1860, the company offers a wide range of insurance products and services, including life insurance, disability income insurance, annuities, investments, dental, and vision.
Humana
Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. As of 2014 Humana had over 13 million customers in the U.S.,[2] reported a 2013 revenue of US$41.3 billion,[3] and had 51,600 employees.[4] In 2018, the company ranked 56 on the Fortune 500 list,[5] which made it the highest ranked (by revenues) company based in Kentucky. It has been the third largest health insurance in the nation.[6] The U.S. Dept. of Health and Human Services investigated Humana in 2009 for sending flyers to Medicare recipients that the AARP characterized as deceptive. The company’s managed care model has also been criticized for ethical lapses and limitations. The health insurer Aetna said on July 3, 2015, that it had agreed to acquire its smaller rival Humana for $37 billion in cash and stock[7] but walked away from the deal after a court ruling that the merger would be anti-competitive.
Liberty Mutual Insurance Group
Liberty Mutual Group, is an American diversified global insurer, and the third-largest property and casualty insurer in the United States.[3] It ranks 68th on the Fortune 100 list of largest corporations in the United States based on 2017 revenue.[4] Based in Boston, Massachusetts, it employs over 50,000 people in more than 900 locations throughout the world. As of December 31, 2016, Liberty Mutual Insurance had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $38.3 billion in annual consolidated revenue.[5][6] The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.[7][8] Liberty Mutual Insurance corporate headquarters at 175 Berkeley Street, Boston Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Russia, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam. In the United States, Liberty Mutual remains a mutual company where policyholders holding contracts for insurance are considered shareholders in the company. However, Liberty Mutual Group’s brand usually operates as a separate entity outside the United States. In other countries, subsidiaries are often created in countries where legally recognized mutual company benefits cannot be enjoyed. The current CEO is David H. Long. He succeeded his predecessor Edmund (Ted) F. Kelly on June 29, 2011.[9][10] Ted Kelly was appointed CEO in 1998.[11] In April 2013, Ted Kelly stepped down from the board of directors, as chairman.
Lincoln National
Lincoln National Corporation is a Fortune 250 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies. LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices in Radnor, Pennsylvania.[3] The company traces its roots to its earliest predecessor founded in 1905. In addition, LNC is the naming rights sponsor of Lincoln Financial Field in Philadelphia, home field of the Philadelphia Eagles of the National Football League.
Massachusetts Mutual Life Insurance
The Massachusetts Mutual Life Insurance Company (MassMutual), founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.[2] MassMutual ranked No. 93 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[3] The company has revenues of $29.6 billion and assets under management of $675 billion (as of 2016).[4][5] MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. Major affiliates include Barings LLC, Haven Life Insurance Agency, and OppenheimerFunds, Inc.
MetLife
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC),[2] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries.[3][4] The firm was founded on March 24, 1868.[5] MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[6] On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders.[7] After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000.[8] Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East.[9] MetLife serves 90 of the largest Fortune 500 companies.[10] The company’s principal offices are located at 200 Park Avenue, New York City in Midtown Manhattan, New York City, though it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York City, which it sold in 2005.[11] In January 2016, the company announced that it would spin off its U.S. retail business, including individual life insurance and annuities for the retail market, in a separate company called Brighthouse Financial, which launched in March 2017.[12] The continuing MetLife company kept naming rights to MetLife Stadium in northern New Jersey.
Molina Healthcare
Molina Healthcare is a managed care company headquartered in Long Beach, California, United States. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.