Suburban

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

-based Allianz Life Insurance Company of North America (Allianz Life) provides

annuities In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...

and life insurance products in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York (Allianz Life of NY). Allianz Life offers various products, including fixed and variable annuities and life insurance. These products are offered through a network of more than 100,000 agents nationwide. The company is a principal subsidiary of

Allianz SE Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. Th ...

, a European global financial services group that is the 31st largest corporation in the world based on revenue (

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

, July 2013). Allianz SE employs nearly 155,000 people worldwide.

History

Allianz Life Insurance Company of North America began as North American Casualty, started by Henry Little of

Minnesota Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the 22nd most populous, with over 5.75 million residents. Minnesota is home to western prairies, now given over to ...

in 1896. In 1912, North American Casualty merged with North American Life Association – founded in 1910 by Zeke Austin with capital from Henry Little – to become North American Life and Casualty (NALAC). H.P. Skoglund was the company's longtime president as well as one of the original owners of the

Minnesota Vikings The Minnesota Vikings are a professional American football team based in Minneapolis. They compete in the National Football League (NFL) as a member club of the National Football Conference (NFC) North division. Founded in 1960 as an expansi ...

. In 1979, North American Life and Casualty Co. was acquired by Allianz, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993. Founded in 1890, Allianz is now one of the world’s largest integrated financial services organizations with asset management, life, health and property-casualty insurance, and banking operations in more than 70 countries. Today, Allianz Life and Allianz Life of NY are the only Allianz Group subsidiaries providing life insurance in the

U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

In 2010, Allianz Life was recognized by the ''Minneapolis Star Tribune'' as one of the top 100 workplaces in the Twin Cities, ranking fifth on the list of top public companies. Allianz Life was also honored that year as one of ''Minneapolis/St. Paul Business Journal''’s Best Places to Work winners, ranking eighth on the list of large companies with more than 1,000 full-time Minnesota employees. On July 25, 2017, Allianz became the title sponsor of

MLS Major League Soccer (MLS) is a men's professional soccer league sanctioned by the United States Soccer Federation, which represents the sport's highest level in the United States. The league comprises 29 teams—26 in the U.S. and 3 in Canada ...

's Minnesota United FC stadium in Saint Paul,

Allianz Field Allianz Field is a soccer-specific stadium in Saint Paul, Minnesota, home to Minnesota United FC of Major League Soccer (MLS). Opening in 2019, the 19,400-seat stadium was designed by Populous, during the club's third MLS season. It is locate ...

. In July 2020, SIMON Annuities and Insurance Services LLC was delighted to add Allianz Life Insurance Company of North America to the Raymond James investment management annuity network and digital marketplace.

References

External links

Official site
{{Allianz Allianz American companies established in 1896 Financial services companies established in 1896 Insurance companies of the United States Companies based in Minneapolis