The Variable Annuity Life Insurance Company · Houston, TX United States
Company Description
View The Variable Annuity Life Insurance Company Locations On A US Map
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This link will open in a new window Its name may make your eyes glaze over, but to the teachers and nurses who depend on it for retirement security, The Variable Annuity Life Insurance Company (VALIC) is anything but boring. The firm, which operates under the name AIG Retirement, is a major provider of group retirement plan services to elementary and high schools, colleges, and hospitals. It serves more than 25,000 client groups (representing some 2 million investors) throughout the US. A subsidiary of insurance powerhouse American International Group , the company underwrites annuities and life insurance. However, AIG has announced that it will sell all of its US life insurance and annuity operations, including VALIC. To read the full description, subscribe now.
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Key The Variable Annuity Life Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,112.7 |
| Employees | 360 |
The Variable Annuity Life Insurance Company Executives
10 executives listed for The Variable Annuity Life Insurance Company's Houston, TX location.
| Title | Name & Bio | Contact |
| President and CEO | Bruce Abrams | Network |
| EVP Independent Distribution | Greg Garvin | Network |
| EVP and National Sales Manager | Shawn Duffy | Network |
Competition
Competitive Landscape for The Variable Annuity Life Insurance Company
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top The Variable Annuity Life Insurance Company Competitors
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