Founded on the principals of commitment, dedication and success
as set forth by my grandfather, C.W. Cameron, for nearly 50 years, American Fidelity
Assurance Company (AFA) has seen continuous growth due to high standards, conservative
management and Customer-focused operating strategies. For three generations, American Fidelity
Assurance Company has succeeded by doing the right thing for our Customer and always
focusing
on Customer service.
Providing financial security to our niche markets with four core
products: disability income insurance, annuities, life insurance
and supplemental health insurance, and with more than one million Customers and 1.5
million policies in force, AFA has achieved unparalleled success as one of the largest
private, family-owned life insurance companies in the nation.
|
2007 was another outstanding year for American Fidelity
Corporation (AFC). AFA, the flagship business in our corporation had much to celebrate in
2007. With a focus on our niche markets, improving expenses, improving sales and products,
delivering value to our Customers and conservatism in the markets, AFA recorded the highest
net income in company history.
I am excited about the results from our core markets. Banner sales years
were marked by growth in our education and automobile dealer industries. Efficiencies were
maximized by sharing resources and superior claim service was realized through systems
utilization. We expanded to new education markets and continued staff growth in our trade
association niche markets. Our American Public Life operation again exceeded their sales goals
and continues to set themselves apart from the competition with conservative, value-added
services for their brokers. The Life Division continued to enhance their product offerings
and broker relationships. As a testament to our conservative approach to our business and
investments, AFA's financial strength was again confirmed with A+ ratings from
both A.M. Best and TheStreet.com, Inc.
None of the tremendous success AFA is experiencing would be achievable without the AFA family
of Colleagues. As we strive to provide our Customers with the products and services to protect
their families' financial security, AFA remains committed to being an Employer of Choice for
our Colleagues. Ranked on Fortune magazine's list of the "100 Best Companies to Work For"
in America for the fifth straight year, our commitment continues on our journey to be the
company for which people want to work.
|
Efforts in 2008 will expand our continued growth by maximizing
sales, growing our people and
ensuring our products meet our Customers’ needs. Serving
our Customer will, as always, remain one of our top priorities and in our financial services
environment, we will stand by our conservative practices to ensure that we are always financially
secure for our Customers.
"I had learned that the most important
thing in insurance is to service clients well and run a clean operation," - C.W. Cameron. By
adhering to the decades long formula for success that my grandfather instilled in this
company, I am confident that AFA will continue upon our path of success for generations
to come.
|
