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Alfa Mutual General Insurance Corporation company history timeline

1921

When the Alabama Farmers Federation was formed in 1921, it became the unified voice of those men and women.

1944

Myrick, a dairy farmer who live in Etowah County, Alabama, started out with a herd of just eight cows in 1944, which over time he developed into a major cattle and dairy operation on two farms in Etowah and Talledega Counties.

1960

With just 75,000 members in 1960, the Alabama Farmers Federation has grown to become the state’s largest farm organization with more than 340,000 members.

1973

From 1973 until his election to the posts of chairman and president, Myrick had served as president of Alfa's subsidiaries and its affiliated companies.

1978

1978-98: Alfa Prospers under the Leadership of Goodwin L. Myrick

1987

1987: Alfa Mutual Group enters a pooling agreement.

1995

In 1995, when Hurricane Opal hit eastern Alabama, it caused very extensive property damage and proved to be the costliest storm in Alfa's history.

The result was that for 1995, Alfa failed to make a profit from its insurance underwriting for only the fourth time in a three-decade span.

1996

Summerford, Roy, "AFF/ALFA Marks 75th Anniversary with $5 Million Gift to AU," Auburn University News, January 31, 1996.

1998

"Vesta Announces Strategic Alliance with Alfa Insurance Group," PR Newswire, November 9, 1998.

2001

In 2001, Alfa's gross income from premiums and other revenue sources, including non-insurance operations, reached $546.3 million.

2022

"Alfa Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/alfa-corporation

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