21st Century Auto Insurance
Lines of Insurance:
Auto
States licensed to sell insurance in:
AK, AR, CA, CO, CT, DE, DC, GA, ID, IL, IN, KS, KY, MD, MI, MO, NE, NV, ND, OH, OK, OR, PA, SC, SD, TX, UT, VT, WA
Type of Insurance Company: Property and Casualty
Name of Parent Company:
21st Century Insurance Group
Company Overview:
Company History: Three property and casualty insurance companies make up the 21st Century Insurance Group, a publicly traded holding company with about 2,500 employees, based in California. American International Group (AIG) which has owned 62% of 21st Century’s stock, announced in May of 2007 that it will be acquiring the remaining stock and making 21st Century a wholly owned subsidiary of AIG. 21st Century was founded in 1958 and is a provider of personal auto insurance (especially to preferred risks). Motorcycle and personal umbrella plans are also available. Homeowner’s insurance, which was previously offered has been phased out. Currently, 1.5 million vehicles are covered in about 17 states and geographic expansion is planned, but California accounted for over 90% of premiums in 2005. Sales are primarily by direct mail, phone and internet.
Principal Methods: Sales are primarily by direct mail, phone and internet.
Auto Business: 21st Century was founded in 1958 and is a provider of personal auto insurance (especially to preferred risks). Motorcycle and personal umbrella plans are also available. Homeowner’s insurance, which was previously offered has been phased out. Currently, 1.5 million vehicles are covered in about 17 states and geographic expansion is planned, but California accounted for over 90% of premiums in 2005. Sales are primarily by direct mail, phone and internet.
Special Business: Motorcycle, personal umbrella
Company Financial Status:
Ticker Symbol: TW