Allianz Life
{{Short description|Provides annuities and life insurance products in the United States}}
{{More citations needed|date=March 2012}}
{{Infobox company
| name = Allianz Life
| logo = Allianz.svg
| former_name = *North American Casualty (1896-1912)
- North American Life and Casualty (1912-1993)
| type = Subsidiary
| foundation = {{start date and age|1896}}
| location = Golden Valley, Minnesota
| key_people = Jasmine Jirele (CEO)
| industry = Financial services
| products = Insurance
| parent = Allianz
| revenue =
| operating_income =
| net_income =
| assets =
| num_employees =
| homepage = [http://www.allianzlife.com/ allianzlife.com]
}}
Allianz Life is an American life insurance company owned by German global financial services group Allianz. The company provides services in all states except for New York, where annuities and life insurance products are offered by Allianz Life Insurance Company of New York.{{cite web
|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=832337
|archive-url=https://web.archive.org/web/20090106011700/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=832337
|url-status=dead
|archive-date=January 6, 2009
|title=Business Week Company Profile
|format=
|accessdate=
}}
Allianz Life offers various products, including fixed and variable annuities and life insurance. These products are offered through a network of more than 100,000 agents nationwide.
The company is a principal subsidiary of Allianz SE, a European global financial services group that is the 31st largest corporation in the world based on revenue (Fortune Global 500, July 2013).{{cite news
|url=https://money.cnn.com/magazines/fortune/global500/2009/full_list/
|title=Fortune Global 500 List - 2009
|format=
|work=CNN
|accessdate=
}} Allianz SE employs nearly 155,000 people worldwide.
History
{{Anchor|Howell Palmeroy Skoglund|H. P. Skoglund|H.P. Skoglund}}{{Anchor|Zeke Austin|Zeke H. Austin|Z.H. Austin}}{{Anchor|Henry Little|Henry M. Little}}
Allianz Life Insurance Company of North America began as North American Casualty, started by Henry M. Little of Minneapolis, Minnesota in 1896. In 1912, North American Casualty merged with North American Life Association – founded in 1905 by Zeke H. Austin with capital from Henry Little[https://books.google.com/books?id=yGg_AQAAMAAJ&dq=%221905%22+%22austin%22+%22North+American+Life+Association%22+before:1907&pg=PA211 Annual Report of the Insurance Commissioner of the State of Minnesota, Volume 35, Issue 2, 1906] – to become North American Life and Casualty (NALAC). Howell Palmeroy Skoglund (known as H. P. Skoglund) was the company's president from 1933 to 1965 as well as one of the original owners of the Minnesota Vikings.{{Cite web|url=http://www.startribune.com/getting-to-know-allianz-it-has-a-long-twin-cities-history/436538853/|title=Getting to know Allianz: It has a long Twin Cities history|website=Star Tribune|access-date=2019-10-28}}
In 1979, North American Life and Casualty Co. was acquired by Allianz, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993.{{Cite book|url=https://books.google.com/books?id=6svqS80MIs4C&dq=Allianz+180%2C000+employees&pg=PA191|title=Template-driven Consulting: How to Slash More Than Half of Your Consulting Costs|last=Seebacher|first=Uwe G.|date=2003-07-07|publisher=Springer Science & Business Media|isbn=9783540401285|language=en}}
Today, Allianz Life and Allianz Life of NY are the only Allianz Group subsidiaries providing life insurance in the U.S.{{cite web|url=http://www.long-term-care-insurance-planners.com/agents/allianz1.pdf|title=Long Term Care Insurance Planners|format=|accessdate=|archive-url=https://web.archive.org/web/20120301202620/http://www.long-term-care-insurance-planners.com/agents/allianz1.pdf|archive-date=2012-03-01|url-status=dead}}
In 2010, Allianz Life was recognized by the Minneapolis Star Tribune as one of the top 100 workplaces in the Twin Cities, ranking fifth on the list of top public companies.{{cite web|url=http://startribune.topworkplaces.com/company_survey/allianz-life-insurance-company-o_twincities/twincities_10|title=Star Tribune Tope Workplaces 2010|format=|accessdate=|archive-url=https://web.archive.org/web/20110511004933/http://startribune.topworkplaces.com/company_survey/allianz-life-insurance-company-o_twincities/twincities_10|archive-date=2011-05-11|url-status=dead}} Allianz Life was also honored that year as one of Minneapolis/St. Paul Business Journal’s Best Places to Work winners, ranking eighth on the list of large companies with more than 1,000 full-time Minnesota employees.{{cite news
|url=http://www.bizjournals.com/twincities/stories/2010/07/12/daily37.html
|title=Minneapolis/St. Paul Business Journal 2010 Best Places to Work
|work=
|accessdate=
|date=July 16, 2010
}}
On July 25, 2017, Allianz became the title sponsor of MLS's Minnesota United FC stadium in Saint Paul, Allianz Field.{{Cite web |url = https://www.mnufc.com/post/2017/07/25/mnufc-allianz-field |title = MNUFC & Allianz Field}}
In July 2020, SIMON Annuities and Insurance Services LLC agreed to add Allianz Life Insurance Company of North America to the Raymond James investment management annuity network and digital marketplace.{{Cite web|last=|first=|date=8 July 2020|title=SIMON Introduces Allianz Life as Newest Carrier to Join InsurTech Platform's Marketplace|url=https://www.businesswire.com/news/home/20200708005191/en/SIMON-Introduces-Allianz-Life-Newest-Carrier-Join|url-status=live|archive-url=https://web.archive.org/web/20200714090618/https://www.businesswire.com/news/home/20200708005191/en/SIMON-Introduces-Allianz-Life-Newest-Carrier-Join |archive-date=2020-07-14 |access-date=14 July 2020|website=businesswire}}
References
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External links
- [http://www.allianzlife.com/ Official site]
{{Portal|Companies}}
{{Allianz}}
Category:American companies established in 1896
Category:Financial services companies established in 1896