American General Life Companies

American General History

The American General Life Companies was founded by Gus S. Wortham with the backing of his father and several prominent business associates; he launched the American General Insurance Company on May 8, 1926, one of the first multi-line insurance companies in the nation. Three years later, American General declared its first dividend.

By 1968, American General had reached $1 billion in total assets and began trading on the New York Stock Exchange. Another important milestone occurred in 1997 with the $1.8 billion acquisition of New York-based United States Life Corporation. And when the remainder of Western National was acquired in 1998, American General became the third-largest writer of individual annuities in the nation. On August 29, 2001, American International Group, Inc. (AIG) acquired American General.

American General at Present

Today American General and Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. They served over 13 million customers and paid $34 billion in claims in last five years.

Company Ratings

Following ratings are of American General and its subsidiary companies as of April 25, 2011 and subject change.

BeamaLife Insights

American General is known for its term life insurance products. American General Life Insurance Company has competitive guaranteed universal life insurance and annuity products. American General does not offer whole life insurance policy at the moments. Please complete this short from to get FREE American General Life Insurance or Annuity Quotes or call (877) 972-3262 now