Allianz Life
| Company type | Subsidiary |
|---|---|
| Industry | Life insurance, Annuities |
| Founded | 1896 |
| Founder | Henry M. Little |
| Headquarters | Minneapolis , United States |
Area served | United States (except New York) |
Key people | Howell Palmeroy Skoglund (former president) |
| Products | Fixed and variable annuities, Life insurance |
| Owner | Allianz SE |
Number of employees | Nearly 155,000 (global Allianz SE team) |
| Website | www |
Allianz Life is a life insurance provider headquartered in the United States and is a subsidiary of the German financial conglomerate Allianz. It conducts business across every state except New York, where its annuity and life insurance offerings are delivered through Allianz Life Insurance Company of New York. The firm markets fixed and variable annuities along with life insurance products through a nationwide network exceeding 100,000 agents.
As a key affiliate of Allianz, ranked 31st on the Fortune Global 500 list in 2013 and recognized as one of the largest financial services entities worldwide, Allianz Life leverages the expertise of Allianz SE’s global team, which numbers nearly 155,000 employees.
History
The company originated in 1896 in Minneapolis under the name North American Casualty, founded by Henry M. Little. In 1912, it combined forces with North American Life Association—established in 1905 by Zeke H. Austin with backing from Little—to create North American Life and Casualty (NALAC). Howell Palmeroy Skoglund, who was president from 1933 until 1965, also played a role as an original owner of the Minnesota Vikings.
In 1979, the German firm Allianz acquired North American Life and Casualty, subsequently rebranding it in 1993 as Allianz Life Insurance Co. of North America. Presently, Allianz Life together with its New York-based subsidiary represent the exclusive U.S. life insurance operations within the Allianz Group.
In 2010, Allianz Life earned recognition as one of the top workplaces in the Twin Cities area, securing fifth place among public companies according to the Minneapolis Star Tribune and ranking eighth among large employers by the Minneapolis/St. Paul Business Journal.
On July 25, 2017, Allianz obtained naming rights for Minnesota United FC’s stadium, which was renamed Allianz Field located in Saint Paul.
In July 2020, SIMON Annuities and Insurance Services LLC incorporated Allianz Life into Raymond James’ annuity distribution network and digital marketplace, broadening its sales platforms.
In June 2025, Allianz Life announced a cybersecurity incident that compromised data pertaining to most of its estimated 1.4 million policyholders.