American Life Holding Co. Inc.

• Public
• US

Dow Jones Description

We are a reinsurer of single premium deferred annuity and flexible premium deferred annuity contracts for tax qualified and non-qualified investments. The annuity contracts which we reinsure are subject to discretionary surrender or withdrawal by our customers. These policies and contracts represent assumed reinsurance with Allianz Life Insurance Company of North America and Hannover Life Reassurance Company of America. When an insurance company agrees to assume the insurance risk of another insurance company, this transfer of liability is known as assumed reinsurance. The assuming insurance company, or the reinsurer, puts its assets at risk for the opportunity to participate in the earnings of the assumed policies. Under our arrangement with these companies, we accepted a portion of the liability under these annuity policies and in return received a proportionate amount of the asset of those policies. On our behalf these companies invest premiums and deposits to provide cash flow that we use to fund future benefits and expenses.

Director

Contact Information

Peer Companies

• MetLife Inc.
• Marsh & McLennan Companies Inc.
• Hartford Financial Services Group Inc.
• HealthExtras Inc.
• Arthur J. Gallagher & Co.
• All Companies