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United Insurance Company of America history
United Insurance Company of America company history timeline
Why does this matter? Since 1947, we’ve been securing the financial futures of working class families helping them to thrive and grow.
We’ve come a long way since our humble beginning of just one employee back in 1947.
United American has been a prominent Medicare Supplement insurance provider since Medicare began in 1966.
In 1981 Jensen sold a controlling interest in that business to AEGON N.V., a Dutch holding company.
Ronald L. Jensen founded United Insurance Companies, Inc. in 1983.
Continued Growth and Diversification: 1986-92
In 1986 Jensen opted to take United Insurance public to expand the scope of the company's operations.
1986: United Insurance makes its initial public stock offering.
By far the most important of these acquisitions occurred in 1988, when United Insurance purchased Orange State Life Insurance, a Florida company specializing in small group insurance.
United Insurance's landscape changed suddenly and dramatically in 1992, when Governor Bill Clinton campaigned for and won the presidency in large part by virtue of his vow to reform the United States health care system.
To implement this new approach, United Insurance ventured into the credit card business in 1992 when it purchased two small insurance agencies that issued credit cards to those who could not otherwise obtain them because of bad credit reports or a lack of credit history.
Founded in 1992, EFG was firmly rooted in the business.
Buoyed by these successes, UICI's assets totaled $1.32 billion in 1996, and its net income grew to $69.2 million.
In 1999 EFG acquired AMS Investment Group, Inc., which held the distinction of being the largest provider of tuition payment plans in the United States.
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United Insurance Company of America competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| United Insurance Agencies | 1918 | $1.3M | 5 | - |
| Monumental Life Insurance | - | $1.2M | 35 | - |
| Freeway Insurance | 1987 | $1.3B | 2,000 | 871 |
| Senior Life Insurance | - | $20.9M | 73 | - |
| American Senior Benefits | 2005 | $35.0M | 3,000 | 1,043 |
| Answer Financial | 1997 | $75.0M | 530 | 4 |
| Asurea | 1994 | $26.0M | 350 | 438 |
| Mutual Savings Life Insurance Company | 1998 | $69.0M | 110 | - |
| PMA USA | 1999 | $40.0M | 750 | - |
| Independent Insurance Agents & Brokers of America | 1896 | $9.3M | 50 | - |
United Insurance Company of America history FAQs
Zippia gives an in-depth look into the details of United Insurance Company of America, including salaries, political affiliations, employee data, and more, in order to inform job seekers about United Insurance Company of America. The employee data is based on information from people who have self-reported their past or current employments at United Insurance Company of America. 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 United Insurance Company of America. The data presented on this page does not represent the view of United Insurance Company of America and its employees or that of Zippia.
United Insurance Company of America may also be known as or be related to UNITED INSURANCE COMPANY OF AMERICA, United Insurance Company of America and United Insurance Company of America Inc.