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First Allmerica Financial Life Insurance Company history
First Allmerica Financial Life Insurance Company company history timeline
1844: Business is formed as a life insurance company in Worcester, Massachusetts.
In 1989, a top executive from Fidelity Investments took the helm and set out to turn a regional operation into a national concern.
1989: John F. O'Brien comes on board with plans to transform company.
But as it entered its 150th year of operation in 1994, the company was planning a demutualization.
Selling, Selling, and More Selling: 1996-99
1997: Sales of variable annuities ramp up.
As it moved into 1999 it also began repurchasing shares of its common stock.
In 2000, the red hot stock market began to cool.
Frederick Eppinger was named CEO in August 2003.
Fixed life insurance products were sold to John Hancock Financial Services in 2003.
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First Allmerica Financial Life Insurance Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| World Insurance Associates | 2012 | $11.3M | 3,000 | 294 |
| Healthgram | 1977 | $37.7M | 128 | - |
| National General Insurance | 1939 | $5.6B | 8,440 | - |
| National General Management Corp. | 1989 | $36.0M | 50 | 1 |
| Brokerage Concepts, Inc. | 1977 | $29.0M | 350 | - |
| Stoneriver Pharmacy Solutions | 1982 | $43.0M | 125 | - |
| SIHO Insurance Services | 1987 | $75.0M | 300 | 3 |
| CBCA | 1994 | $8.4M | 6 | - |
| State National Companies | 1973 | $217.1M | 400 | - |
| Dental Select | 1989 | $6.9M | 124 | 51 |
First Allmerica Financial Life Insurance Company history FAQs
Zippia gives an in-depth look into the details of First Allmerica Financial Life Insurance Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Allmerica Financial Life Insurance Company. The employee data is based on information from people who have self-reported their past or current employments at First Allmerica Financial Life Insurance Company. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Allmerica Financial Life Insurance Company. The data presented on this page does not represent the view of First Allmerica Financial Life Insurance Company and its employees or that of Zippia.
First Allmerica Financial Life Insurance Company may also be known as or be related to FIRST ALLMERICA FINANCIAL LIFE INSURANCE CO, First Allmerica Financial Life Insurance Company and First Allmerica Financial Life Insurance Company Inc.