History
United American had one employee when it began in 1947 – C.L. Dunlap, Founder and President. During the first year of operation, two more people came on board – W.H. Coleman Jr., a CPA, and Kay Holt, their secretary. Later, they were joined by J.A. Graham, then R.B. Donovan in 1951. This team of leaders charted a course of step-by-step development and expansion. In 1955, United American moved into The Insurance Center, located in downtown Dallas. When Medicare was signed into law in 1966, the company made the decision to focus its attention on the individual health market with an emphasis on Seniors.
In 1976, the company began searching for a new home office to accommodate its 400 employees. Within a year, staff started transitioning into the East Building in Dallas. In 1981, United American became a member of Torchmark Corporation, a financial services holding company listed on the New York Stock Exchange. Now with 500 employees, United American realized space for future growth was essential, so in 1996, the company moved 30 miles north of Dallas to McKinney. Ten years later, Torchmark announced the relocation of its corporate headquarters from Birmingham, Alabama to McKinney. United American is one of the largest nationwide underwriters of individual Medicare Supplement insurance.
For more than 35 consecutive years, United American has earned the A+ (Superior) Financial Strength Rating from A.M. Best Company (as of June 2012). UA is also rated AA- “Very Strong” for Financial Strength by Standard & Poor's (as of May 2011).
United American has more than 1.7 billion in assets. The company has more than $760 million of insurance in force and more than 397,000 policies in force (as of December 2010).
Read more about this topic: United American Insurance Company
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