Académique Documents
Professionnel Documents
Culture Documents
Every day, people depend on North American Company to Founded in 1886, North American has stood strong to
be there for them when they need it most. Whether you are help protect those who count on us for financial security.
annual report Your continued confidence remains our key focus, which
that depend on us. Now with almost 125 years under its
belt, North American has over $9.1 billion in assets.
is why we follow a disciplined and conservative investment 1886 – Founded as North American Accident Association
strategy. As a privately held company, we plan for the long
term, which resulted in a strong performance during 1890 – A.E. Forest purchased the company for $2,000 and
2009. Our strength and stability are a testament to our appointed the company’s first general agent
A+ (Superior) A.M. Best ownership structure. 1918 – North American became the first company to offer
A.M. Best is a large third party independent reporting a disability insurance policy for women
and rating company that rates an insurance company on We consistently invest in new products, grow
the basis of the company's financial strength, operating 1981 – Actively enters the brokerage marketplace
distribution, enhance our services, and build upon our
performance, and ability to meet its obligations. professional culture. 1984 – North American introduces its first universal
A+ is the second highest rating out of 15 categories and life product
was assigned to North American Company for Life and Whether we’re serving in our communities or spending 1999 – Sammons Annuity Group, North American’s Annuity
Health Insurance on April 16, 2009. For the latest rating, a little extra time with a policyholder, we’re focused on Service Center, founded
access www.ambest.com. doing what’s right. Thank you for your confidence in North
American Company, a member of the Sammons 2001 – Achieves $100 billion of life insurance in-force
A+ (Strong) Rating Standard & Poor's Financial Group.
Standard and Poor's awarded its "A+" (Strong) rating for
insurer financial strength on March 31, 2010 to North
American Company for Life and Health Insurance as part of
the Sammons Financial Group.
The "A+" (Strong) rating, which is the fifth highest out of
22 available ratings, reflects the financial strength of North
American Company for Life and Health Insurance, member
of the Sammons Financial Group.
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Stability Strength Balance Sheet2
Our employee-shareholder core values:
As part of a privately held company, we are not subject Assets
to the short-term earnings pressures that publicly held • Openness North American’s asset quality is excellent. Overall net
As of December 31, 2009
companies face to satisfy Wall Street’s expectations. We are investment income provides ample margins to cover
contractual obligations to all policyowners. (In thousands)
a company with plans to perpetuate itself for hundreds of • Accountability
years, not the next quarter or fiscal year. We focus on the Bonds..........................................................................................$8,080,780
long term. We focus on you. • Respect • Bonds consist of US Government, government Preferred Stock...................................................................................91,573
agency, and corporate securities. Common Stock ..................................................................................26,919
Ownership • Integrity
Cash and Short-term Investments......................................................42,147
BONDS BY NAIC QUALITY RATING
North American offers something that is unique in the
Loans to Policyowners........................................................................80,561
North American's parent company, Sammons Enterprises, 94% Investment Grade Other Invested Assets.......................................................................504,160
insurance industry: private ownership with employee-
1 Inc. is a holding corporation that owns and operates
shareholders . This kind of ownership creates an atmosphere 77% NAIC Class 1 Accrued Investment Income...............................................................72,793
businesses across a diverse range of industries.
where personal, efficient service is the priority. Other Assets.....................................................................................205,006
17% NAIC Class2
• Briggs Equipment Premiums in Course of Collection.......................................................13,587
6% Non-Investment Grade Total Assets.................................................................. $9,117,526
• Briggs Equipment International
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