The History

In the early months of 1909, an insurance company was formed in Waco, Texas. It embarked on a mission of which changed the face and skyline of that city forever. It was considered an accomplishment to leave such a mark for the entire world to hear about and marvel well into the 21st Century. Today the ALICO building remains a vital part of the downtown community, providing the home office for American-Amicable Life Insurance Company of Texas and its corporate family.

The Purpose

On February 2, 1909, American-Amicable Life Insurance Company was chartered and began business on April 2, 1910. American-Amicable Life Insurance of Texas is focused on building financial protection today for a secure tomorrow. They provide a dynamic approach to life insurance protection with various options available to meet each individual’s needs.

The Accomplishments

A.M. Best Rating: A Excellent- the third highest rating out of 15 categories, was assigned by A.M. Best to American-Amicable Life insurance Company of Texas on February 13, 2015.

With more than 100 years of insurance experience, the American-Amicable group of companies consists of:

  • American-Amicable Life Insurance Company of Texas
  • IA American Life Insurance Company
  • Occidental Life Insurance Company of North Carolina
  • Pioneer American Insurance Company
  • Pioneer Security Life Insurance Company

All five companies have a financial strength rating of A Excellent (the third highest rating out of 15 categories) from A.M. Best (a large third-party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance and ability to meet its ongoing obligations to policyholders) and are a part of the Industrial Alliance Insurance and Financial Services Inc. (IA).