USAA
 |
|
|
Native name
|
United Services Automobile Association |
|---|---|
| Reciprocal | |
| Industry | Insurance, Banking, Financial Services |
| Founded | June 20, 1922 |
| Headquarters |
San Antonio, Texas United States |
|
Number of locations
|
19 financial centers |
|
Area served
|
Worldwide |
|
Key people
|
General Lester Lyles, USAF (Ret.) (Chairman) Stuart Parker, USAF (Ret.) (CEO) |
| Products | Insurance, Banking, Investments, Retirement, Financial Planning, Brokerage |
| Revenue |
 USD 24.36 billion (2015) |
 USD 2.272 billion (2015) |
|
| AUM |
USD 128 billion (2015) |
| Total assets |
USD 137.076 billion (2015) |
| Total equity |
USD 27.8 billion (2015) |
| Members |
11.4 million (2015) |
|
Number of employees
|
28,200 (2015) |
| Capital ratio | 13.27% |
| Rating |
A.M. Best Company A++ (Superior, highest of 16 possible ratings) |
| Website | www |
A.M. Best Company A++ (Superior, highest of 16 possible ratings)
Moody's Investors Service Aaa (Exceptional, highest of 21 possible ratings)
The United Services Automobile Association (USAA) is a Texas-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance regulatedreciprocal inter-insurance exchange and subsidiaries offering banking, investing, and insurance to people and families that serve, or served, in the United States military. At the end of 2015, there were 11.4 million members.
USAA was founded in 1922 by a group of U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group. USAA has since expanded to offer banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their immediate families.
The company was one of the pioneers of direct marketing and most of its business is conducted over the Internet or telephone using employees instead of agents.
The organization was originally called the United States Army Automobile Association. In 1924, the name was changed to United Services Automobile Association, when commissioned officers of other U.S. military services became eligible for membership. The company opened offices in Frankfurt, Germany, and London, England early in its history. The company was formed based on a meeting of twenty five United States Army Officers on June 22, 1922 at the Gunter Hotel to discuss the procurement of reliable and economical auto insurance.
...
Wikipedia