Over the course of its history, North American Company has enjoyed steady growth, stability of leadership and industry success. Today, North American is one of the leading insurance companies in the country.
North American was founded in 1886, and stood strong to help protect those who counted on the company for financial security, even through two World Wars, the Great Depression and multiple recessions. In 1918, North American stepped up to become the first company to offer a disability insurance policy for women.
In 1984, North American introduced its first universal life product, and 12 years later the company was acquired by Sammons Financial Group. It soon achieved $100 billion of in-force life insurance, and in 2001, the company began offering fixed annuities. In 2011, North American celebrated its 125th anniversary.
Unlike many other financial services companies, North American is not publicly traded—meaning the company is not subject to short-term earnings pressures that are often faced by its publicly traded peers. From the top down, North American’s reputation and stability continue to grow through unique ownership and sound investment choices. The company maintains strong industry ratings that are a direct result of the efforts of its dedicated employee-owners.
North American’s private ownership and long-term growth strategy continues to instill trust and confidence in its partner agencies and policyholders alike.