The United Services Automobile Association (USAA) is a Fortune 500 mutual insurance company.
USAA was founded in 1922 by a group of U.S. Army officers to self-insure each other when they were unable to get auto insurance because they were part of a high risk group.
The organization began to offer homeowner’s and life insurance in the 1960’s. Banking and brokerage services were added in the 1980’s.
Today USAA is a Fortune 500 diversified financial services group of companies that offers banking, investing, and insurance to individuals and families that serve or served in the United States Military.
USAA has 9.3 million members and had $20.79 billion in revenue in 2012.