February 28, 2015 6:25 PM ET

Insurance

Company Overview of Allianz Life Insurance Company Of North America

Company Overview

Allianz Life Insurance Company Of North America, along with its subsidiaries, provides fixed and variable annuities, and life insurance products. The company provides its individual insurance products through independent agents, registered representatives, and other financial professionals in the United States. The company was formerly known as North American Life and Casualty and changed its name to Allianz Life Insurance Company Of North America in March 1993. The company was founded in 1896 and is headquartered in Minneapolis, Minnesota. Allianz Life Insurance Company Of North America operates as a subsidiary of Allianz of America, Inc.

5701 Golden Hills Drive

PO Box 1344

Minneapolis, MN 55416-1297

United States

Founded in 1896

Phone:

763-765-7783

Fax:

763-765-6415

Key Executives for Allianz Life Insurance Company Of North America

Chief Executive Officer, President, Director, Member of Executive Committee and Member of Actuarial Balances Committee
Age: 57
Chief Financial Officer, Senior Vice President, Treasurer, Director, Member of Executive Committee and Member of Actuarial Balances Committee
Age: 42
Chief Operating Officer
Age: 58
Interim Chairman of Fireman's Fund, Chief Executive Officer for Allianz of America Corporation and President for Allianz of America Corporation
Field Senior Vice President of Broker Dealer Distribution and President of Allianz Life Financials Services Llc
Age: 47
Compensation as of Fiscal Year 2014.

Allianz Life Insurance Company Of North America Key Developments

Allianz Life Insurance Company of North America Reports Earnings Results for the Year 2014

Allianz Life Insurance Company of North America reported earnings results for the year 2014. The company reported operating profit of $876 million for its 2014 financial year, an increase of 36% from $646 million in 2013. The strong result was driven by underlying profitable business coupled with increasing demand for core products and disciplined expense management. Total premium (new sales and recurring premiums) reached $15.7 billion in 2014, up 62% from the prior year of $9.7 billion, reflecting strong consumer demand for retirement income products as well as effective distribution relationships and innovative product development.

Allianz Life Insurance Company of North America Promotes Joe Dahlquist to Director IT Strategic Planning and Communication

Allianz Life Insurance Company of North America (Allianz Life®) promoted Joe Dahlquist to director IT Strategic Planning and Communication in the Technology division. Dahlquist is responsible for leading the senior IT staff in key communications, strategy and design for major IT projects. In his new role, he also drives the process to prioritize the company’s IT infrastructure needs by collaborating with key business partners. Dahlquist reports to the Vice President of IT Business Engagement Patrick Christiansen. Dahlquist has been with Allianz Life since 2001 where he began as an operations analyst. After four years, he moved into a role as an IT manager for the Infrastructure area. His most recent role was as an IT manager where he supported the Relationship Management area by developing key project IT communications for Allianz Life employees. Dahlquist also coordinated large scale, risk-management projects to ensure business stability during any kind of IT crisis. Prior to his career at Allianz Life, Dahlquist held roles as a network administrator with 2nd Swing in Plymouth, Minn. and Funco Inc. in Eden Prairie, Minn. Dahlquist is currently pursuing an Information Technology degree at Western Governors University, Salt Lake City.

Florida Announces a $4.7 Million Multi-State, Multi-Agency Life Claim Settlement Agreement with Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York

The Florida Office of Insurance Regulation (Office), Florida Department of Financial Services (DFS), and the Florida Office of the Attorney General (AG) announced that a $4.7 million life claim settlement agreement has been reached with the Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York (Allianz). It is the 16th overall settlement reached by the three agencies with the cooperation of the industry in an ongoing investigation of illegal business practices under the laws of Florida. The settlement agreement with the companies and other similar insurers focuses on their one-sided use of the Social Security Administration's Death Master File (DMF) to stop paying a deceased person's annuity, but not use the same information to find and begin paying the deceased's family or other beneficiaries for life insurance policies. Allianz has agreed to implement business reforms correcting this practice and to make a payment, which will be disbursed among the participating states. Florida's allocation of the $4.7 million payment is expected to be more than $409,000, which covers the costs of the investigation and future compliance monitoring. The multi-state examination was conducted by North Dakota, which served as the managing lead state, Florida, California, Illinois, New Hampshire, and Pennsylvania. The Allianz companies deny any wrongdoing and represent they are comparing at least quarterly the complete DMF to their list of policyholders and are using a good faith effort to locate both policyholders and beneficiaries.

Similar Private Companies By Industry

Company Name Region
MIC General Insurance Corp. MI United States
RenRe Agency Holdings, Inc. United States
Frederick Mutual Insurance Co. United States
Regan Holding Corp. United States
Munich Re Stop Loss, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 24, 2014
STAG Industrial Operating Partnership, L.P.
Private Placement
September 30, 2014
Ametek Inc.
Private Placement
September 30, 2014
Midcoast Energy Partners, L.P.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Allianz Life Insurance Company Of North America, please visit www.allianzlife.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.