Allianz Life Supports Youth Financial Literacy With The Stock Market Game
Top Performances by Bryn Mawr Elementary, Osseo Junior High and Stillwater
Area High School
MINNEAPOLIS -- May 22, 2014
Employees from Allianz Life Insurance Company of North America (Allianz Life®)
coached the top three student teams in a recent session of The Stock Market
Game™ led by Twin Cities financial literacy non-profit BestPrep. The Allianz
Life-sponsored teams performed well in every age division. More than 1,000
elementary, middle and high school students from the Twin Cities participated
in the virtual game aimed at educating students on investing and the stock
market while teaching about the economy first hand.
"Investing isn’t a topic commonly discussed among students, but they will be
more successful if they build financial knowledge early in life," said Allianz
Life President and Chief Executive Officer, Walter White. "Allianz Life
supports the programs that BestPrep provides because they make a difference in
students' lives. Our employees enjoy working with young people to give them
the best chance at a successful financial future."
In 2014, there were 338 student teams from 20 Twin Cities-based schools
participating in The Allianz Life Challenge edition of The Stock Market Game™,
which ran from January to May 2014. In this game, each team was given a
virtual $100,000 budget to invest. Students competed against other teams from
across Minnesota at the same grade level.
Top performing teams were: Bryn Mawr Elementary, $106,247.14 – Elementary
Division; Osseo Junior High, $101,733.55 - Junior High/Middle School Division;
and Stillwater Area High School, $115,674.60- High School Division.
Profits Grew With Allianz Life Coaches
Unique to Allianz Life is the partnership in the classroom with employees
serving as coaches and advisors. 30 classes were assigned one Allianz Life
volunteer who coached students in grades 4-12 helping them invest “money” in
stocks and mutual funds. With the help and advice of employee volunteers, the
top Allianz Life-coached teams made an average profit of more than $6,000.
The top three elementary school teams had students from the Bryn Mawr
Elementary School in Minneapolis, Oxbow Creek Elementary School in Champlin,
Minn. and Bel Air Elementary School in New Brighton, Minn. The top three
middle school teams had students from Osseo Junior High in Osseo, Minn. and
Pioneer Ridge Middle School in Chaska, Minn. The top three high school teams
had students from Stillwater Area High School in Stillwater, Minn. and Big
Lake High School in Big Lake, Minn.
Best Prep is one of Allianz Life’s community partners because of its focus on
promoting financial literacy. The company has a long-term commitment of
funding and volunteerism with Best Prep.
"Allianz Life's commitment to improving the financial literacy of Minnesota's
students has been extraordinary and unwavering,” said Bob Kaitz, president and
CEO of BestPrep. “Each year hundreds of Allianz Life volunteers work with
BestPrep students to place them on the road to success. Their commitment has
been an inspiration to the Twin Cities business and education communities."
Brooklyn Park-based nonprofit BestPrep is a statewide organization whose
mission is to best prepare Minnesota students with business, career and
financial literacy skills through experiences that inspire success in work and
life. BestPrep has served more than 1.3 million students and teachers since
its founding in 1976.
For more information about Allianz Life’s community giving programs, visit
Allianz Life Community Outreach.
About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2014, has been keeping its promises since 1896.
Today, it carries on that tradition, helping Americans achieve their
retirement income and protection goals with a variety of annuities and life
insurance products. As a leading provider of fixed index annuities, Allianz
Life is part of Allianz SE, a global leader in the financial services industry
with 147,000 employees worldwide. More than 83 million private and corporate
customers rely on Allianz knowledge, global reach, and capital strength to
help them make the most of financial opportunities.
BestPrep prepares Minnesota students with business, career and financial
literacy skills. BestPrep’s programs engage 4-12 grade students and their
educators in active learning, while connecting them to the world outside the
classroom. With the help of more than 4,000 professional volunteers each year,
BestPrep bridges classroom curriculum and the business community, enriching
the teaching and learning experience for Minnesota students and educators. The
Stock Market Game™ allows students to use an experiential tool that increases
their financial literacy and emphasizes the importance of investing.
Editor’s note: photo available.
Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
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