About the Company...
Tracing its roots back to 1910, American-Amicable Life Insurance Company of Texas is a progressive special markets insurer. The Company offers innovative life insurance and annuity products developed to target the individual needs of protection, wealth creation and estate preservation.
The Company continues to grow and prosper and has consistently maintained a solid financial position. American-Amicable Life Insurance Company of Texas is a part of the American-Amicable Group, which was acquired by Industrial Alliance Insurance and Financial Services, Inc. in 2010.
Historically anchored on a foundation of financial integrity, responsible management, and a strong commitment to every policyholder, American-Amicable Life Insurance Company of Texas looks to the future with great enthusiasm.
Financial Strength
A.M. Best Rating: A Excellent
A Excellent, the third highest rating out of 15 categories, was assigned by A.M. Best to American-Amicable Life insurance Company of Texas on February 13, 2015.
A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and ability to meet its ongoing obligations to policyholders.
American-Amicable’s total investment portfolio is well-diversified and provides a proper mix between risk and reward.
Consistent with our philosophy of managing money wisely, the Company invests only in investment grade bonds, mortgage loans diversified geographically and by property type, and common stocks of large companies that offer attractive dividends. This philosophy enables us to successfully operate a financially stable, highly competitive insurance business.
About Industrial Alliance Insurance & Financial Services Inc.
Celebrating 100 Years of Service
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of financial products and services. The company has operations across North America. IA contributes to the financial well-being of over four million individuals, employs more than 5,000 people and manages and administers over $109.5 billion in assets.
Find out more by visiting the new IA Financial Group website! http://ia.ca/individuals
AMERICAN-AMICABLE LIFE INSURANCE CO. CENTENNIAL ANNIVERSARY
In 1910, Amicable Life Insurance Company (ALICO) was founded in Waco, Texas. The year 2010, Amicable Life, presently known as American-Amicable Life Insurance Company of Texas celebrated 100 years of doing business at the historic landmark. All employees at the time were given a box containing a glass replica statue of the ALICO Building and fact sheet about the Waco skyscraper.
American-Amicable Life is part of the American-Amicable group of companies which also consists of IA American Life Insurance Company, Occidental Life Insurance Company of North Carolina, Pioneer American Insurance Company & Pioneer Security Life Insurance Company.
Company History
In the early months of 1909, an insurance company was formed in Waco, Texas that embarked on a mission of which changed the face and skyline of that city forever. An accomplishment to leave such a mark for the entire world to hear about and marvel well into the 21st Century.
On February 2, 1909, Amicable Life Insurance Company was chartered and began business on April 2, 1910.
The ALICO Building still remains a tower of strength and stability…remains an edifice all alone standing straight as a soldier in the skyline of Waco. A city with charm, a building with character…a city and a building waiting for new discoveries….
To Wacoans, the ALICO Building became a landmark for their city…to the policyholders, it became a tower of strength…to the stockholders, it was a constant awareness of pride in ownership.
Today, the ALICO Building remains a vital part of the downtown business community. Providing the home office for American-Amicable Life Insurance Company of Texas and its corporate family, as well as providing rental office space. Through the years, as business office functions changed, the interior floors were altered to meet the market needs and the building continues to remain an attractive and viable office building.