Corporate Profile for VALIC - American General Retirement Services, dated June 25, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: June 25, 1999
Company Name: VALIC - American General Retirement Services
Address: 2919 Allen Parkway
Houston, Texas 77019
Main Telephone
Number: 713/831-6060
Internet Home
Page Address
(URL) http://www.agc.com or http://www.valic.com
Chief Executive
Officer: John A. Graf
Chief Financial
Officer: Kent Barrett
Investor Relations
Contact: David Entrekin
Business number: 212/446-3109
Public Relations
Contact: Allison Cowan or John Pluhowski
Business number: 713/831-6060 (Allison Cowan)
713/831-1149 (John Pluhowski)
Home phone
number: 713/861-8685 (Allison Cowan)
Industry: Financial Services
Trading Symbol/
Exchange: NYSE:AGC
Market Makers: Employers in following markets: K-12, higher
education, health care and government (457 deferred
comp)
Company description: American General's Retirement Services Backgrounder VALIC VALIC Variable Annuity Life Insurance Company (The Variable Annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. Life Insurance Company) and American General Annuity Insurance Company comprise the retirement services division of American General Corporation. VALIC was one of the first companies to specialize in offering tax-deferred annuities. The company is a leading provider of qualified employer-sponsored retirement programs to employees of health care, education, public employer and not-for-profit organizations. VALIC ranks in the top 1 percent of all U.S. and Canadian life insurance companies. American General Annuity, the nation's leading provider of fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. sold through more than 250 financial institutions, develops proprietary fixed and variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. that are tailored to meet the needs of customers. American General's retirement services division, with assets of $60 billion and 1998 earnings of $466 million, is the nation's third-largest writer of individual annuities and serves 1.7 million customers nationwide. Retirement services is a division of American General Corporation, one of the nation's largest diversified financial services organizations with assets of $109 billion and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $19 billion. Headquartered in Houston, it is a leading provider of retirement services, life insurance and consumer loans to 12 million customers. American General Financial Group common stock (NYSE NYSE See: New York Stock Exchange :AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pacific, London and Swiss stock exchanges. |
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