Allianz Life is an American

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

company owned by German global financial services group

Allianz Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

. The company provides services in all states except for

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

, where annuities and life insurance products are offered by Allianz Life Insurance Company of New York. 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 SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

, 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 o ...

, 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 M. Little of

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

in 1896. In 1912, North American Casualty merged with North American Life Association – founded in 1905 by Zeke H. Austin with capital from Henry Little – to become North American Life and Casualty (NALAC). Howell Palmeroy Skoglund (known as H. P. Skoglund) was the company's president from 1933 to 1965 as well as one of the original owners of the

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

. In 1979, North American Life and Casualty Co. was acquired by

, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993. 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 (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...

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 professional soccer league in North America and the highest level of the United States soccer league system. It comprises 30 teams, with 27 in the United States and 3 in Canada, and is sanctioned by the United ...

Minnesota United FC Minnesota United Football Club, often shortened to MNUFC, is an American professional Association football, soccer club based in the Minneapolis–Saint Paul metropolitan area. The club competes in Major League Soccer (MLS) as a member of the W ...

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 (company), Populous, during the club's third MLS s ...

. In July 2020, SIMON Annuities and Insurance Services LLC agreed 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