National General Insurance

Company Profile: National General Insurance was founded in 1926 as Motors Insurance Corporation. Since acquiring GMAC Insurance in 2010, National General Holdings Corp. has completed multiple acquisitions which built National General into the well diversified personal lines insurer it is today. They now offer property and casualty products, including personal auto, homeowners, umbrella, recreational vehicle, motorcycle, commercial auto, supplemental health, and other niche insurance products. With a nationwide network of claims professionals and a 24-hour, toll-free claims hotline available 365 days a year, National General Insurance provides superior claims service for its customers.

National General Insurance continues to focus on profitably growing the business both organically and pursuing additional accretive Merger and Acquisition opportunities, enhancing their geo- graphic footprint, maintaining an intense emphasis on disciplined expense management, integrating acquisitions, and delivering strong returns to shareholders. Proven leadership with an experienced management team that has a history of creating shareholder value in previous ventures. They were acquired by Allstate® Insurance at the end of 2020.
milestones:
  • 1920 - Integon Life Insurance Company founded, one of the two companies that became National General Insurance.
  • 1926 - Motors Insurance Company, founded by General Motors to offer damage coverage to GM vehicles sold by dealers and financed by GMAC
  • 1969 - Integon Corp. started a holding company and began insuring high-risk drivers.
  • 1997 - GMAC announced they were acquiring Integon in a deal valued at $550M. When the deal finally closed in October 1997, it was for $778M.
  • 2000 - Integon became GMAC Insurance Personal Lines
  • 2006 - General Motors sold 51% of GMAC
  • 2009 - American Capital Acquisition Corp bought GMAC's U.S. consumer property casualty insurance business GMAC Insurance Holdings, Inc.
  • 2013 - GMAC Insurance changed its name to National General Insurance.
  • 2020 - Allstate® announced acquiring National General for $4 billion, which closed in January 2021.
Financial Stability:
  • National General Insurance is rated A- (Excellent) by A.M. Best.
  • These ratings reflect strong balance sheet with a conservative investment portfolio, stable loss reserves, and a solid capital position. Intense focus on profitable underwriting and disciplined expense management.
  • 2019 Direct Written Premiums more than $3.7 billion.
Employee and Community Oriented:
  • National General Insurance is a fast paced, dynamic, and entrepreneurial organization.
  • Offers exciting opportunities to smart, motivated individuals who are looking to build a successful future working for a best-in-class insurance provider, discover new beginnings in a dynamic learning environment and set pursue the right path to achieving professional goals.
  • Looks for dedicated individuals with strong core values and solid experience. Team members are engaging, entrepreneurial in spirit, and rich in self-confidence because of the supportive environment that surrounds them.
  • Culture revolves around the FOUR Es – Engaged, Energized, Empowered, and Execute every day to provide an exceptional experience for customers!
  • Employees must be Engaged, questioning, and challenging what is done and why, and looking for better ways to do it every day. Complacency and “because that is how we have always done it,” does not exist in the vocabulary.
  • Employees must be Energized and excited and push themselves and their colleagues to do more every day.
  • Empowered employees are decision makers that are comfortable making mistakes because they know they will learn and grow from them.
  • Lastly, if employees don't Execute every day, they will fail. It is that simple.
Company Highlights:
  • National General Insurance advantage provides a technology driven infrastructure which utilizes a state-of-the-art platform and creates operational efficiencies that result in reduced expenses and increased profitability.
  • Developed a strong network of approximately 22,000 insurance agents and brokers, many of whom are loyal, highly motivated, and productive agents, by providing competitive compensation, a user-friendly technology platform and superior service for our core markets.
  • GM/GMAC Discounts - Millions of people have a connection to General Motors, such as GMAC auto financing, a GMAC mortgage, a GM Card, or a career with GM or one of its thousands of suppliers or dealerships. In many states, National General Insurance can offer discounts to people that have one of these connections.
  • Company maintains a safe, sound, secure philosophy, which has been consistent throughout its’ 100-year history.
Industry Rankings:
  • National General Insurance is in the 60th largest Property and Casualty Insurer in the United
    Sates.
  • 15th largest writer of Private Passenger Auto coverage in the United States per the NAIC 2019 Report.

Products Offered

Insurance Coverages
  • Auto Insurance
  • RV Insurance
  • Home Insurance
  • Small Business Auto Insurance
  • National General Motor Club
  • Motorcycle Insurance
  • Mexico Insurance
  • Asset Protection for Lenders
  • Collector/Classic Car Insurance

Operating Territory

www.nationalgeneral.com
(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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