BNET Industries

Last Fiscal Year Sales:$836.2M
  • Public
  • US
Dow Jones Description

With more than 1 million policies in force, Alfa Insurance stands as a pillar of unwavering strength and unparalleled service to our policyholders. Founded in 1946 by what is now known as the Alabama Farmers Federation , Alfa Insurance has been named by Forbes magazine as among its 200 Best Small Companies in America. Over the years, Alfa has earned a reputation as one of the nation's most stable, reliable and affordable providers of insurance. Our property and casualty insurance company is rated A+ (Superior), and our life insurance company is rated A+ (Superior) by the A.M. Best Company, the foremost authority on insurance companies' financial stability. Additionally, Standard & Poor's and Moody's have both given Alfa high commercial ratings for credit worthiness.

Chairman, President and Chief Executive Officer
Jerry A. Newby
Number of Employees 2,500
Contact Information

2108 E South Blvd

Montgomery, Alabama 36116

alfains.com

(334) 288-3900

NAICS Code Direct Property and Casualty Insurance Carriers: 524126

Recent Events

  • Alfa, S.A. De C.V. - SWOT Analysis

    11/02/09 - Financial Announcement - View Story

News & Analysis

alfa corp. - All News and Analysis

  • Don't Overpay for Insurance M&A

    Seeking Alpha - 2008-08-14

    David Merkel submits: I’ve been mulling over whether I should write about insurance M&A.  Ugh, yes, I should say something.  What pushed me over the edge was a piece in the WSJ on the purchase of Philadelphia Consolidated.  When I first heard about the deal, I blinked, and said,...

    Tags: Financial, Alfa Corp., Nationwide Financial Services Inc.

  • Fitch Ratings Affirms ALFA

    - 2004-12-07

    CHICAGO -- Fitch Ratings has affirmed the 'F1+' commercial paper rating and 'A+' long-term issuer rating of Alfa Corporation (Alfa Corp.). Fitch has also affirmed the insurer financial strength IFS ratings of 'AA' to the Alfa insurance companies Alfa Group see list below. The Rating Outlook for all ratings is...

    Tags: Alfa Corp., Fitch Ratings

  • Alfa Corporation Announces Increase in Quarterly Cash Dividend

    - 1999-04-22

    MONTGOMERY, Ala.--BUSINESS WIRE--April 22, 1999-- Alfa Corporation (Nasdaq/NM:ALFA) today announced that its Board of Directors declared a quarterly cash dividend of 12 cents per share, an increase of 6.7% over the previous quarterly rate. This represents the twenty-fifth consecutive year that cash dividends have increased. The quarterly...

    Tags: Alabama, Alfa Corp., Business Wire, dividend, FINANCE

  • Alfa Corporation Responds To Recent Stock Activity

    - 1996-01-04

    MONTGOMERY, Ala.--BUSINESS WIRE--Jan. 4, 1996--In response to numerous inquiries, Alfa Corporation's Chairman and Chief Executive Officer, Goodwin L. Myrick, today stated that he knows of no reason that would account for the recent trading activity in the Company's common stock. Financial results for 1995 are expected to be reported...

    Tags: Alabama, Alfa Corp., Business Wire, FINANCE, Insurance, Investment, stock

  • Alfa Corp. announces regular quarterly dividend

    - 1995-01-23

    MONTGOMERY, Ala.--BUSINESS WIRE--Jan. 23, 1995--Alfa Corp. announced today that its board of directors declared a regular quarterly dividend of 9 cents per share, payable March 1, 1995, to stockholders of record at the close of business Feb. 15, 1995.Alfa Corp. is engaged in insurance and financial activities through its subsidiaries....

    Tags: Alabama, Alfa Corp., Business Wire, dividend, FINANCE

Decision Makers

Name (plus bio) Position
John Jung Senior Vice President and Chief Information Officer
Lee Ellis Chief Operating Officer
Ralph Forsythe Senior Vice President and Chief Accounting Officer
Stephen G. Rutledge Senior Vice President,Chief Financial Officer and Chief Investment Officer
Charles Hawkins Executive Vice President, Marketing
Herman A. Watts Executive Vice President, Marketing
Herman T. Watts Executive Vice President, Marketing
Al Schellhorn Senior Vice President, Corporate Development
Al Scott Senior Vice President, Secretary and General Counsel
Buck Hardy Senior Vice President, Marketing, South Alabama
Carol Golsan Senior Vice President, Marketing Services
H. Al Scott Senior Vice President, Secretary. & General Counsel
J. C. Ralph Senior Vice President, Marketing
James Azar Senior Vice President, Risk Management and Audit Services
Jerry Johnson Senior Vice President, Claims
Patrick Smith Senior Vice President, Marketing, North Alabama
Robert E. Robison Senior Vice President, Life and Loan Operations
Thomas Bryant Senior Vice President, Human Resources
W. Jerry Johnson Senior Vice President, Claims
William B. Harper Senior Vice President, Life & Loan Operations
Wyman Cabaniss Senior Vice President, Underwriting
David C. Rickey Vice President, Public Relations
Kenneth L. Nelson Vice President & Actuary
Mike Kilgore Executive Director
C. Lee Ellis Director Executive Vice President
Jeff Helms Communications Director
Scott Forest Manager, HR

Board of Directors

Name (plus bio) Position
Jerry A. Newby Chairman, President and Chief Executive Officer
John R. Thomas Chairman, President & Chief Executive Officer of Aliant Financial Corporation of Alexander City
B. Phil Richardson Board of Directors
Boyd E. Christenberry Board of Directors
Dean Wysner Board of Directors
Hal F. Lee Board of Directors
Jacob C Harper Board of Directors
Jake Harper Board of Directors
Larry E. Newman Board of Directors
Rusell R. Wiggins Board of Directors
Russell R. Wiggins Board of Directors
Steve Dunn Board of Directors

Organization Position Status
Alfa Life Insurance Corp. Chairman & CEO Current
Alfa Realty, Inc. Chairman & President Current
Alfa Farmers Federation President Current
Alfa Financial Corporation Chairman & President Current
Alfa Corporation Chairman, President and Chief Executive Officer Current
Alabama Farmers Federation President Current
Sardis Springs Baptist Church Board of Directors Current
American Farm Bureau Federation Board of Directors Current
Samford University Board of Directors Current
Alfa Farmers Federation Vice President Former
Cotton Incorporated Board Member Former
Alfa Corporation Board of Directors Former
Athens State University Degree Former

Organization Position Status
Alfa Corporation Chairman, President & Chief Executive Officer of Aliant Financial Corporation of Alexander City Current
Alfa Corporation Board of Directors Former

Jung is a 1969 graduate of the University of Wisconsin at Whitewater with a bachelor's degree in business administration. Before joining Alfa in 1999, he was with California Casualty Management Company in San Mateo, Calif., where he was also chief information officer, and Chubb and Son, Inc. of Warren, N.J., where he held a variety of positions and responsibilities involving the development of computer systems.

Organization Position Status
Alfa Corporation Senior Vice President and Chief Information Officer Current
Alfa Corporation Data Processing Executive Former
California Casualty Management Company Former
University of Wisconsin Business Administration Former

A Montgomery native, Ellis joined Alfa in 1975 as an investment officer. Since that time, he has held a variety of positions with the company, including assistant vice president, vice president, senior vice president and chief investment officer, and executive vice president, Investments. During his tenure, Alfa's assets have grown from $726 million in 1978 to $4.5 billion in 2007. Ellis earned a degree in political science from the University of North Carolina. He serves on the Property Casualty Insurers Association of America Board and the MidCountry Financial Board.

Organization Position Status
Alfa Corporation Chief Operating Officer Current
Alfa Life Insurance Corp. Executive Vice President, Operations Current
Property Casualty Insurers Association of America Board of Directors Current
MidCountry Financial Corp. Board of Directors Current
Alfa Corporation Board of Directors Current
The University of North Carolina Degree In Political Science Former
Alfa Corporation Director Executive Vice President Former
Alfa Corporation Investment Officer Former

Organization Position Status
Alfa Corporation Senior Vice President and Chief Accounting Officer Current
Alfa Life Insurance Corp. Chief Accounting Officer & Senior Vice President, Finance Current
Alfa Corporation Vice President Current
United Methodist Publishing House Chief Financial Officer Former
United Methodist Publishing House Vice President Former
Middle Tennessee State University Master's Degree In Business Administration Former
Middle Tennessee State University Bachelor's Former

Organization Position Status
Alfa Life Insurance Corp. CFO Current
Alfa Corporation Senior Vice President,Chief Financial Officer and Chief Investment Officer Current
MidCountry Financial Corp. Member of the Board of Directors Current
Alfa Corporation Board of Directors Current
Auburn University Former

Organization Position Status
Alfa Corporation Executive Vice President, Marketing Current

Organization Position Status
Alfa Corporation Executive Vice President, Marketing Current
Alfa Corporation District Sales Manager Current
University of Montevallo Master's Degree In School Administration Former
University of Montevallo Bachelor's Degree In Business Administration Former

Watts is a native of Union Springs, Ala. and joined Alfa in 1978 as a District Sales Manager. He earned Alfa’s Top District Manager honors for 15 consecutive years before being promoted to his current position in March 2006. Watts earned a bachelor’s degree in business administration and a master’s degree in school administration from the University of Montevallo.

Organization Position Status
Alfa Corporation Executive Vice President, Marketing Current
Alfa Corporation District Sales Manager Former
University of Montevallo Business Administration and A Master's Degree In School Administration Former

Schellhorn joined Alfa in 1999 as vice president of Mergers and Acquisitions and was promoted to his current position in 2006. Before joining Alfa, Schellhorn was vice president of M&A at Caremark Rx. Prior to his business career, he served in the U.S. Army as an officer, commander and attack helicopter pilot. He is a veteran of Operations Desert Shield and Desert Storm. Schellhorn is a graduate of the U.S. Military Academy at West Point and earned his M.B.A. degree from Duke University.

Organization Position Status
Alfa Corporation Senior Vice President, Corporate Development Current
Alfa Corporation Vice President Current
U.S. Army Officer Former
Duke University M.B.A. Degree Former

Scott joined Alfa's legal team 15 years ago with a background in real estate work and insurance defense litigation. Scott also had prior legal experience as a corporate attorney, served as the Montgomery City Attorney and as a law clerk for an Alabama Supreme Court justice. He is a graduate of Cumberland Law School in Birmingham, Ala., and was admitted to the Alabama Bar in 1981. His undergraduate degree is in industrial engineering from Auburn University.

Organization Position Status
Alfa Corporation Senior Vice President, Secretary and General Counsel Current
Stonemark Management, LLC Principal Current
Alabama Supreme Court Law Clerk Former
Auburn University Undergraduate Degree Is In Industrial Engineering Former

Having joined Alfa 19 years ago as the regional manager for Marketing in South Alabama, Hardy has since been promoted to his current position as a senior vice president. Prior to Alfa, he was employed with Allstate Insurance for 23 years, where he held a variety of positions. A native of Atlanta, Hardy holds a bachelor's degree in business administration from Georgia State University.

Organization Position Status
Alfa Corporation Senior Vice President, Marketing, South Alabama Current
The Allstate Corporation Former
Georgia State University Bachelor's Degree In Business Administration Former

Golsan has more than 20 years of experience with Alfa and started in 1981 as an information technician. She has held the positions of life processing supervisor, conservation specialist, Marketing Administration director and vice president. Golsan has a bachelor’s degree in marketing from Auburn University and is a graduate of Jones Law School. She holds an FLMI designation from Loma and a LLIF Designation from Limra International in conjunction with the Whorton School of Business/University of Pennsylvania.

Organization Position Status
Alfa Corporation Senior Vice President, Marketing Services Current
Auburn University Bachelor's Degree In Marketing Former

Organization Position Status
Alfa Corporation Senior Vice President, Secretary. & General Counsel Current

Organization Position Status
Alfa Corporation Senior Vice President, Marketing Current
Athens State University bachelor's degree Former

A native of Montgomery, Azar began his career as an auditor with Alfa's accounting department in February 1958. He has held a variety of positions with the company since that time, including data processing manager, controller, vice president of Processing and senior vice president and CIO. Azar has a degree in accounting from the University of Alabama.

Organization Position Status
Alfa Corporation Senior Vice President, Risk Management and Audit Services Current
Orasi Software, Inc. Vice President, IdeaScope Research and Development Current
Alfa Corporation Auditor Former
The University of Alabama B.S. in Engineering Computer Science Former
The University of Alabama Degree In Accounting Former

Johnson joined Alfa in 1980 as an agent and has served in various positions during his 26 years with the company, including claims adjuster, subrogation supervisor, special lines claims supervisor, district manager for Georgia and district manager for the Montgomery area. He became North Alabama regional claims manager in 1999 and served as Northern Alabama and Georgia regional claims manager until his promotion to his current position in 2006. Johnson earned his undergraduate degree in education from Troy University and he is also a graduate of Jones School of Law.

Organization Position Status
Alfa Corporation Senior Vice President, Claims Current
Alfa Corporation Agent Current
Jones School of Law Former

Smith, a native of El Dorado, Ark., graduated from Louisiana Tech University where he earned his bachelor’s degree in Marketing. Before joining Alfa in 2008, he was an associate vice president with Nationwide Mutual Insurance Co. With Nationwide he also held positions as regional sales officer, regional sales director and district sales manager. Smith also worked in management positions with the Erie Insurance Group and Newcourt Financial.

Organization Position Status
Alfa Corporation Senior Vice President, Marketing, North Alabama Current
Nationwide Mutual Insurance Company Associate Vice President Former
Erie Insurance Group Former
Louisiana Tech University Former

Robison has more than 28 years of experience with the Alfa companies and was promoted to his current position in 2007. Prior to his promotion, he served as Alfa’s vice president of Business Systems and Development. He has also worked as a programming supervisor and systems manager during his Alfa career. Robison holds a bachelor’s degree in business administration from Huntington College.

Organization Position Status
Alfa Corporation Senior Vice President, Life and Loan Operations Current
Alfa Corporation Vice President of Business Systems and Development Former

Bryant joined Alfa in 2001 with more than 20 years of leadership in the field of human resources. He formerly served as vice president of Human Resources with American General Life & Accident Insurance Company, based in Nashville, Tenn. Bryant earned his bachelor's degree in English from Davidson College and his MBA with a concentration in industrial and personnel management from the University of Tennessee.

Organization Position Status
Alfa Corporation Senior Vice President, Human Resources Current
American General Life & Accident Insurance Company Vice President of Human Resources Former
Alfa Corporation Human Resources Executive Former
The University of Tennessee MBA Former
Davidson College Bachelor's Degree In English Former

Organization Position Status
Alfa Corporation Senior Vice President, Claims Current

Organization Position Status
Alfa Corporation Senior Vice President, Life & Loan Operations Current
Auburn University Bachelor's Degree In Accounting Former

Cabaniss has been a member of the Alfa team for 26 years. Before his current position, he held a variety of positions with the company, including agent, training specialist, director of Marketing Administration and vice president of Property Underwriting. A native of Tuscaloosa, Ala., he has a bachelor's degree in management and a master's degree in education administration from the University of Alabama. He holds the CLU, ChFC, and LUTCF professional designations.

Organization Position Status
Alfa Corporation Senior Vice President, Underwriting Current
The University of Alabama Bachelor's Degree In Management Former
The University of Alabama Master's Degree In Education Administration Former
The University of Alabama Bachelor's Degree In Management Former

Organization Position Status
Alfa Corporation Vice President, Public Relations Current

Organization Position Status
Alfa Corporation Vice President & Actuary Current

Organization Position Status
Alfa Corporation Executive Director Current

Organization Position Status
Alfa Financial Corporation Executive Vice President, Operations Current
Alfa Corporation Director Executive Vice President Current
Alfa Corporation Investment Officer Current
MidCountry Financial Corp. Chairman Current
Property Casualty Insurers Association of America Board of Directors Current
MidCountry Financial Corp. Board of Directors Current
Alfa Corporation Board of Directors Current
Alfa Realty, Inc. Executive Vice President, Operations Former
First Liberty Bank Director Former
First Liberty Financial Director Former
The University of North Carolina Degree In Political Science Former

Organization Position Status
Alfa Corporation Communications Director Current

Organization Position Status
Alfa Corporation Manager, HR Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Organization Position Status
Alfa Corporation Board of Directors Current

Executive News

  • THE DOCTOR IS IN: Alfa's First Rural Medical Scholar Returns Home

    Alfa Farmers - 8/29/09 - View Story

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