life insurance company.
2000 N. Classen Blvd.
Oklahoma City, OK 73106
CEO: Bill Cameron
American Fidelity Assurance Company (AFA)
is the second-largest private, family-owned life insurance company
in the nation.
The Oklahoma City-based company serves
more than one million customers in 49 states and 20 countries.
Since 1982, AFA has consistently been rated "A+" by
A. M. Best Company, one of the leading insurance company rating
services in America.
AFA is now the largest provider of voluntary
disability insurance to teachers across the United States.
The company was named one of the Best Companies
to Work For in America by Fortune magazine. It also offers annuity
plans, supplemental health insurance, accident protection insurance
and health savings accounts.
In 2005, AFA had revenues of $611 million
and assets of $4.2 billion.
Bill Cameron's grandfather, C.W. Cameron,
and his father, C.B. Cameron, started AFA in 1960 as an outgrowth
of an insurance agency C.W. had operated since 1930. The elder
Cameron's humble beginnings make the present-day success of the
company all the more remarkable.
The oldest of seven children, C.W. was
raised on a small tenant farm near Mangum, Oklahoma. When his
father was disabled, C.W. dropped out of school at age 14 to
help take care of the family and run the farm. He later worked
odd jobs as a carpenter, cotton picker, and part-time bank clerk.
Life was uncertain and financial struggles persisted.
C.W. worked his way up to assistant cashier
at the First National Bank of Altus, earning $135 a month. He
noticed that insurance salesmen seemed to bring in larger paychecks,
so he decided to try that line of work. He partnered with a farmer
in starting the Boise and Cameron agency in 1930. The business
prospered until the Great Depression took its toll, forcing Boise
to leave the agency in 1932.
Using his savings, C.W. bought one-third
of an agency in Davidson and sold fire and casualty and disability
insurance. He also sold insurance for other firms, but his big
break came when he started selling insurance for North American
Accident and Health Insurance Company of Chicago in 1933. C.W.
sold his interest in the Davidson agency and became the local
agent for North American. Two years later he moved to Oklahoma
City to become North American's general agent for the state of
Oklahoma. In a short time, C.W. distinguished himself as the
top-selling agent managing the most profitable North American
branch in the nation. By the mid-1940s, he was the general agent
for four states.
As the agency prospered, the need arose
for more office space. Cameron constructed his own office buildings
on Classen Boulevard in 1954, building one of the first suburban
office buildings in Oklahoma City. In 1959, C.W. and Gene McCrory
started the affiliated North American Insurance Agency to focus
on Property and Casualty insurance.
The North American Company in Chicago experienced
changes in ownership in the 1950s and was eventually acquired
by the CIT Group. Since CIT wanted to focus on selling individual
insurance, Cameron proposed that he take on all of the accident
and health business previously handled by the Cameron Agency
for North American. His son, C.B., had recently returned home
from the Air Force, and the pair decided to start their own insurance
underwriter. In 1960, American Fidelity was born.
Some of the perks American Fidelity offers
- On-site Fitness Center
- On-site Training Center
- On-site Banking Facilities
- On-site Deli
- Referral Bonus
- Discount Event Tickets
- Off-site Fitness and Wellness reimbursements
Some of the benefits include:
- Flexible Reimbursement Accounts for Medical/Dependent Daycare
- 401k Savings Plan with matching company contribution
- Employer contributed Retirement Plan
- Pay for performance compensation
- Holiday bonus
- Business casual environment
Updated January 1, 2007