Alfa Ranks Number One In Life Insurance
Alfa Life is now the No. 1 life insurance company in Alabama, according to a recent market share report by SNL Financial, a financial information firm headquartered in Charlottesville, Va. Alfa holds 7.06 percent of the life insurance market in the state, moving the company ahead of Liberty National, which now holds the No. 2 spot with 6.96 percent of the market share.
“We are pleased that Alfa is now the number one life insurance company in Alabama. Our commitment to creating the best life products for our customers’ needs, combined with our dedication to exceptional service by our agency force, has earned us the number one spot,” said Alfa’s Senior Vice President of Life and Loans Rob Robison. “We vow to continue our tradition of excellence with regards to our life products and services so we can be the leading provider of life insurance in the state for years to come.”
In 2011, Alfa Life Insurance Corp. had more than $1.2 billion in assets, above $188 million in capital and surplus, and approximately $143 million in national direct premiums written.
In Mississippi, Alfa ranks 26th in life insurance, with 0.97 percent of the market share. In Georgia, Alfa is ranked 75th with 0.22 percent of the market share.
Alfa Life offers a variety of products and services, including a new Rapid Issue Life Insurance policy that features an easy application process and simplified underwriting.
Alfa and its affiliates provide insurance and other financial services in 11 states. Alfa Life Insurance Co. currently has more than $27 billion in policies in force, and Alfa’s property and casualty companies service approximately 1 million policies. There are nearly 400 Alfa service centers in Alabama, Georgia and Mississippi with more than 2,500 employees dedicated to serving customer needs.