Variable Annuity Life Insurance Company · Houston, TX United States
Company Description
More Companies in: Houston, Texas
More Companies in These Related Industries: Life Insurance
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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 is a major provider of group retirement plan services to elementary and high schools, colleges, and hospitals. It provides annuities and life insurance to more than 25,000 client groups (representing some 2 million investors) throughout the US. VALIC is part AIG American General , the domestic life insurance operations of American International Group . AIG has announced that it will sell all of its domestic life insurance operations, including VALIC. To read the full description, subscribe now.
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Key Variable Annuity Life Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 999 |
Variable Annuity Life Insurance Company Executives
10 executives listed for Variable Annuity Life Insurance Company's Houston, TX location.
| Title | Name & Bio | Contact |
| President and CEO | Bruce Abrams | |
| EVP Independent Distribution | Greg Garvin | |
| EVP and National Sales Manager | Shawn Duffy |
Competition
Competitive Landscape for 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 Variable Annuity Life Insurance Company Competitors
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