Corporate Office HQ

Insurance

WellPoint Corporate Office

WellPoint, Inc is a health benefits company that offers network-based managed care plans to employers, individuals, seniors, and Medicaid in the United States.

WellPoint Health Networks was founded in 1986 by the non-profit Blue Cross of California (BCC) as a for-profit company to operate its managed care business. This was necessary because of several years of multi-million dollar losses for the non-profit.

The company was incorporated in 1992 with BCC’s most profitable operations concentrated in its new company. This move caused controversy and confusion about whether the company was a non or for-profit company. Technically speaking, BCC was non-profit and WellPoint Health Networks was for-profit.

WellPoint, Inc  in its present form was formed when WellPoint Health Networks merged into Anthem, Inc in 2004. The company began trading under the ticker WLP.

In 2009, WellPoint sold its NextRX subsidiaries to Express Scripts for $4.65 billion.

In 2012 WellPoint acquired Amerigroup Corporation for $4.9 billion in cash.

Today WellPoint, Inc has almost 40,000 employees, is part of the S&P 500, and has over $60 billion in revenue each year.

 

 

 

WellPoint, Inc.

WellPoint, Inc is a health benefits company that offers network-based managed care plans to employers, individuals, seniors, and Medicaid in the United States.

WellPoint Health Networks was founded in 1986 by the non-profit Blue Cross of California (BCC) as a for-profit company to operate its managed care business. This was necessary because of several years of multi-million dollar losses for the non-profit.

The company was incorporated in 1992 with BCC’s most profitable operations concentrated in its new company. This move caused controversy and confusion about whether the company was a non or for-profit company. Technically speaking, BCC was non-profit and WellPoint Health Networks was for-profit.

History

WellPoint, Inc  in its present form was formed when WellPoint Health Networks merged into Anthem, Inc in 2004. The company began trading under the ticker WLP.

In 2009, WellPoint sold its NextRX subsidiaries to Express Scripts for $4.65 billion.

In 2012 WellPoint acquired Amerigroup Corporation for $4.9 billion in cash.

Today WellPoint, Inc has almost 40,000 employees, is part of the S&P 500, and has over $60 billion in revenue each year.

 

 

 

State Farm Insurance Corporate Office

State Farm Insurance was founded by George Mecherle in 1922 as an automobile insurance company. It was started as a mutual company and so was owned by its policyholders.

The company originally provided auto insurance to farmers. The company expanded in the 1950s to other types of insurance, such as homeowners insurance and life insurance.

In 1964, State Farm became the largest insurance writer in the world.

In the 1990s State Farm Catastrophe Services was founded.

In 1999 State Farm Bank (SFB) opened. It is run by State Farm Financial Services. SFB offers many banking services such as checking, savings, and mortgages, but does not have branches Instead, it offers these services over the phone or via internet, as well as through agents in five states.

State Farm’s main business is State Farm Mutual Automobile Insurance Company.

State Farm continues to be a mutual company, owned by their policyholders. Edward B. Rust has been the CEO since 1985, but retired in 2015. 

Due to the COVID-19 pandemic and quarantine, many drivers virtually stopped driving or drove considerably fewer miles. This led State Farm and other insurance companies to issue partial refunds to consumers. 

State Farm has 18,700 agents working out of  343 claim offices throughout the United States and Canada, has 56,788 employees, and had $81.732 billion in revenue in 2018.

State Farm Insurance

State Farm Insurance was founded by George Mecherle in 1922 as an automobile insurance company. It was started as a mutual company and so was owned by its policyholders.

The company originally provided auto insurance to farmers. The company expanded in the 1950s to other types of insurance, such as homeowners insurance and life insurance.

History

In 1964, State Farm became the largest insurance writer in the world.

In the 1990s State Farm Catastrophe Services was founded.

In 1999 State Farm Bank (SFB) opened. It is run by State Farm Financial Services. SFB offers many banking services such as checking, savings, and mortgages, but does not have branches Instead, it offers these services over the phone or via internet, as well as through agents in five states.

State Farm’s main business is State Farm Mutual Automobile Insurance Company.

State Farm continues to be a mutual company, owned by their policyholders. Edward B. Rust has been the CEO since 1985, but retired in 2015. 

Due to the COVID-19 pandemic and quarantine, many drivers virtually stopped driving or drove considerably fewer miles. This led State Farm and other insurance companies to issue partial refunds to consumers. 

State Farm has 18,700 agents working out of  343 claim offices throughout the United States and Canada, has 56,788 employees, and had $81.732 billion in revenue in 2018.

American International Group Corporate Office

American International Group Inc. (AIG) has its roots in the 1919 founding of American Asiatic Underwriters (AAU) by American Cornelius Vander Starr in Shanghai, China. Within ten years,  AAU had branches throughout China, the Philippines, Indonesia, and Malaysia.

In 1926, the company expanded to the United States under the name American International Underwriters Corporation (AIU). Starr also focused on the Latin American market, opening a branch in Havana, Cuba in the late 1930s.

In 1939, Starr moved his company’s headquarters from Shanghai to New York City.

After WWII, AIU entered Japan and Germany to provide insurance to American military personnel.

In the 1940s and 1950s AIU entered France, Italy, and the U.K.

By the end of the 1950s, AIU was operating in 75 countries by way of an extensive network of offices and agents.

In 1967, American International Group (AIG) was incorporated as an umbrella organization for all of the different insurance businesses.

AIG went public in 1969.  Throughout the next decades, the company continued to expand business by offering specialty products in niche markets such as energy, transportation, and shipping products, as well as risk management, pollution liability, and political risk.

AIG suffered huge losses during the financial crisis of 2008 as the company had sold default insurance on billions of dollars of structured debt securities backed by sub-prime loans.

Today AIG is the 62nd-largest public company in the world with customers in more than 130 countries and 63,000 employees globally. AIG had $65.656 billion in revenue in 2012.

American International Group Inc.

American International Group Inc. (AIG) has its roots in the 1919 founding of American Asiatic Underwriters (AAU) by American Cornelius Vander Starr in Shanghai, China. Within ten years,  AAU had branches throughout China, the Philippines, Indonesia, and Malaysia.

In 1926, the company expanded to the United States under the name American International Underwriters Corporation (AIU). Starr also focused on the Latin American market, opening a branch in Havana, Cuba in the late 1930s.

In 1939, Starr moved his company’s headquarters from Shanghai to New York City.

History

After WWII, AIU entered Japan and Germany to provide insurance to American military personnel.

In the 1940s and 1950s AIU entered France, Italy, and the U.K.

By the end of the 1950s, AIU was operating in 75 countries by way of an extensive network of offices and agents.

In 1967, American International Group (AIG) was incorporated as an umbrella organization for all of the different insurance businesses.

AIG went public in 1969.  Throughout the next decades, the company continued to expand business by offering specialty products in niche markets such as energy, transportation, and shipping products, as well as risk management, pollution liability, and political risk.

AIG suffered huge losses during the financial crisis of 2008 as the company had sold default insurance on billions of dollars of structured debt securities backed by sub-prime loans.

Today AIG is the 62nd-largest public company in the world with customers in more than 130 countries and 63,000 employees globally. AIG had $65.656 billion in revenue in 2012.

Prudential Financial Corporate Office

Prudential Financial Inc was founded in New Jersey in 1875 by John F. Dryden. It was originally called The Widows and Orphans Friendly Society, and then the Prudential Friendly Society. At the beginning the company’s only product was burial insurance.

By the turn of the century, Prudential was making the bulk of its profits selling industrial life insurance door-to-door. Industrial workers paid double what others paid for life insurance because of the danger involved in their work. High lapse rates meant that only one in twelve policies reached maturity.

Today Prudential Financial is a financial services company. With its subsidiaries, the company provides insurance, investment management, life insurance, annuities, mutual funds, pension and retirement investments,  securities, asset management, and brokerage services in more than 30 countries.

In August 2023, the company states that it was hacked via a third-party vendor and that as many as 320,000 customers may have been compromised. 

Stock investors in the company have seen amazing ROIs, with some reaping as much as a 64% return. 

Prudential is a Fortune 500 company, that has been publicly traded since 2001, is composed of hundreds of subsidiaries with $2 trillion of life insurance, has over 40,000 employees, and had $70.934 billion in revenue in 2021.

Prudential maintains a corporate office in Newark, New Jersey.

Prudential Financial

Prudential Financial Inc was founded in New Jersey in 1875 by John F. Dryden. It was originally called The Widows and Orphans Friendly Society, and then the Prudential Friendly Society. At the beginning the company’s only product was burial insurance.

History

By the turn of the century, Prudential was making the bulk of its profits selling industrial life insurance door-to-door. Industrial workers paid double what others paid for life insurance because of the danger involved in their work. High lapse rates meant that only one in twelve policies reached maturity.

Today Prudential Financial is a financial services company. With its subsidiaries, the company provides insurance, investment management, life insurance, annuities, mutual funds, pension and retirement investments,  securities, asset management, and brokerage services in more than 30 countries.

In August 2023, the company states that it was hacked via a third-party vendor and that as many as 320,000 customers may have been compromised. 

Stock investors in the company have seen amazing ROIs, with some reaping as much as a 64% return. 

Prudential is a Fortune 500 company, that has been publicly traded since 2001, is composed of hundreds of subsidiaries with $2 trillion of life insurance, has over 40,000 employees, and had $70.934 billion in revenue in 2021.

Prudential maintains a corporate office in Newark, New Jersey.

Citigroup Corporate Office

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company.

Citigroup was formed by the merger of Citicorp and Traveler’s Group in 1998.

Citicorp traces its roots to the 1812 founding of the City Bank of New York. Citicorp had become the largest bank in the U.S. by 1895 and was the first contributor to the Federal Reserve Bank of New York in 1913.

Traveler’s Group was a group of diverse financial concerns, including property, casualty and life  insurance, retail brokerage, asset management, and annuities.

The merger created a firm worth $140 billion with assets of $700 billion. The deal enabled Traveler’s Group to market mutual funds and insurance to Citicorp’s customers, and allowed Citicorp access to a larger client base.

Citigroup had to be bailed out by the U.S. government during the global financial crisis of 2008 with $25 billion in emergency aid. The company eventually recovered and paid the government back. The U.S. government also received an additional $12 billion from selling the shares they acquired during the bailout.

Today Citigroup has the largest financial services network in the world, working in 140 countries with 16,000 worldwide offices and 260,000 employees.

Citigroup is part of the S&P 500, has 259,000 employees, and had $70.17 billion in revenue in 2012.

Citigroup

Citigroup is one of the Big Four banks in the United States. It is a multinational financial services company.

Citigroup was formed by the merger of Citicorp and Traveler’s Group in 1998.

Citicorp traces its roots to the 1812 founding of the City Bank of New York. Citicorp had become the largest bank in the U.S. by 1895 and was the first contributor to the Federal Reserve Bank of New York in 1913.

History

Traveler’s Group was a group of diverse financial concerns, including property, casualty and life  insurance, retail brokerage, asset management, and annuities.

The merger created a firm worth $140 billion with assets of $700 billion. The deal enabled Traveler’s Group to market mutual funds and insurance to Citicorp’s customers, and allowed Citicorp access to a larger client base.

Citigroup had to be bailed out by the U.S. government during the global financial crisis of 2008 with $25 billion in emergency aid. The company eventually recovered and paid the government back. The U.S. government also received an additional $12 billion from selling the shares they acquired during the bailout.

Today Citigroup has the largest financial services network in the world, working in 140 countries with 16,000 worldwide offices and 260,000 employees.

Citigroup is part of the S&P 500, has 259,000 employees, and had $70.17 billion in revenue in 2012.