Vt’s National Life Group celebrates 165th birthday
November 15, 2013 by Texas News
MONTPELIER, Vt. (AP) — Vermont’s largest insurance company is celebrating its 165th birthday.
In 1848, the Vermont Legislature chartered the National Life Insurance Company, based in Montpelier.
Since then the company grew into National Life Group, which includes a number of insurance and financial services companies.
The group, with primary offices in Montpelier and Addison, Texas, employs 900 people, making it one of the state’s largest employers.
During its first year of operation, National Life sold 381 life insurance policies.
Now National Life is a Fortune 1,000 firm whose member companies sell insurance, annuities and mutual funds in every state. It serves more than 800,000 customers, has $72 billion of insurance in force and is managing $26 billion of assets.
Photo By Toby Talbot/AP
National Life Group employee Ivana Argenti blows out a symbolic birthday candle during a company gathering on Wednesday, Nov. 13, 2013 in Montpelier, Vt. One of Vermont’s largest insurance companies is celebrating its 165th birthday.The predecessor of the Montpelier-based National Life Group was chartered by the Vermont Legislature in 1848. The company, with primary offices in Montpelier and Addison, Texas, employs 900 people, making it one of the state’s largest employers. During its first year of operation, National Life sold 381 life insurance policies.
