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In 1999, the company acquired Texas-domiciled National Specialty Insurance Company (NSIC), an insurance company then licensed to write business in 21 states, and later expanded its licensing to 50 states and D.C. In 2006, the company formed Delaware-domiciled United Specialty Insurance Company (USIC) to write coverage on an excess and surplus ...
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Jim Benson-- Chief Financial Officer Thanks for the questions, Keith. Relative to the ARR guide, I think the primary driver of the ARR guide, we obviously had 15% to 16% growth last time.
The company was formed based on a meeting of 25 United States Army officers on June 20, 1922, at the Gunter Hotel in San Antonio, Texas, to discuss the procurement of reliable and economical auto insurance. Despite initial success, by the late 1920s, a dispute between competing factions for control of the company threatened its long-term viability.
The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states. On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations.
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The Liberty National Holding Company, created in 1979, expanded by acquiring United American, along with Globe Life and Accident Insurance Company and American Income Life. In the 1980s, the Liberty National Insurance Holding Company became Torchmark Corporation which then became Globe Life on August 8, 2019.
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