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To learn more about United Teacher Associates Insurance Company, please select from the topics listed below:
 History
Family of Companies
Financial Strength
Endorsement
Founded in 1958, United Teacher Associates Insurance Company (UTA) offers a variety of life and supplemental health insurance and annuity products.
Providing quality products and services has been and continues to be our top priority.
As our name implies, we are dedicated to the educator and retired educator market. We understand the unique needs and circumstances of this very important group, and it is our intention to be "The Educator's Choice" when it comes to insurance and retirement needs.
The UTA family of more than 175 experienced home office associates is ready to serve the needs of our policyholders and agents.
Located in Austin, Texas, UTA is a subsidiary of Great American Financial Resources®, Inc. (GAFRI), and is rated "A- (Excellent); Outlook: Stable” by A.M. Best based on “comprehensive quantitative and qualitative evaluation of balance sheet strength, operating performance, and business profile.”1 UTA is licensed in 46 states, Puerto Rico, and the U.S. Virgin Islands.
We do not market in New Hampshire, New York, Rhode Island, or Vermont.
United Teacher Associates Insurance Company (UTA) is a subsidiary of Great American Financial Resources, Inc. (GAFRI), headquartered in Cincinnati, Ohio.
GAFRI subsidiaries offer a broad product portfolio to meet consumer demands during varying market conditions.
GAFRI’s family of companies in the annuity and life insurance business includes:
Great American Life Insurance Company®
Great American Life Insurance Company (GALIC) tailors retirement annuities to educators and employees of nonprofit institutions, and single premium fixed annuities to the senior market.
Annuity Investors Life Insurance Company®
Annuity Investors Life Insurance Company offers fixed and variable retirement annuities in the educator market as well as single premium fixed annuities designed with the needs of seniors in mind.
Loyal American Life Insurance Company®
Loyal American Life Insurance Company provides annuities, long-term care products, and supplemental health insurance largely through employers and credit unions.
Great American Plan AdministratorsSM, Inc.
Great American Plan Administrators’ common remitting services are provided by Great American Advisors, Inc., under the name GALIC Disbursing Company. These services give plan administrators the flexibility of submitting one check for distribution to multiple product providers within the GAFRI family of companies.
GA Plan Administrators ensures that these contributions are dispersed to each participant's specific choice of investments.
Great American Advisors®, Inc.
Great American Advisors, Inc., is a full-service, independent broker/dealer with financial professionals located throughout the United States.
You can rely on UTA for all the qualities you look for when choosing financial protection for a lifetime: dedication, integrity, security, and strength.
Rated A- (Excellent) by A.M. Best for its financial strength and ability to meet policyholder obligations, UTA has assets of $387 million with capital and surplus over $60 million and maintains an Investment Grade portfolio.
UTA helps families meet their financial security needs through supplemental life, health, long-term care, and annuity products.
| Admitted Assets............................................. |
$463,750,166 |
| Liabilities......................................................... |
$399,093,935 |
| Capital and Surplus...................................... |
$64,656,231 |
| Capital and Surplus To Admitted Assets.. |
13.9% |
| Capital and Surplus To Premium Ratio.... |
27.8% |
| Portfolio Characteristics of Invested Assets |
| Corporate Bonds............................................... |
53.4% |
| U.S. Government & Agency Bonds................ |
35.8% |
| Other Investments............................................. |
4.7% |
| Cash & Short-term Investments..................... |
1.6% |
| Municipal Bonds................................................ |
4.5% |
| Total...................................................................... |
100.0% |
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| As of 12/31/2005 |
Headquartered in Austin, Texas, UTA is a subsidiary of Great American Financial Resources, Inc. (GAFRI), a financial holding company, which is publicly traded on the New York Stock Exchange (NYSE: GFR) and has total assets of $12.0 billion.2 During the past 10 years, total statutory premiums of GAFRI's life insurance companies have nearly tripled.
The GAFRI family of companies is in the top 12 percent of stock insurance companies based on net admitted assets.3
The leading insurance industry analyst, A.M. Best Company, rates GAFRI's insurance subsidiaries Great American Life®, Annuity Investors® Life and Loyal American Life as "A (Excellent); Outlook: Stable" based on "comprehensive quantitative and qualitative evaluation of balance sheet strength, operating performance, and business profile."4
Many achievements of GAFRI's insurance subsidiaries in 2004 played a key role in earning this A.M. Best rating and Stable outlook, including the following:
- Highest level of capital to date;
- Highest Risk-Based Capital level to date;
- Highest investment portfolio quality to date;
- Lowest debt-to-capital ratios to date; and
- Solid operating performance.
GAFRI’s 2004 premiums totaled $1.1 billion, with 59 percent of that total consisting of fixed annuity sales. The remaining premiums included supplemental insurance, variable annuities, and life insurance.
Approximately 82 percent of GAFRI's outstanding common stock is owned by American Financial Group, Inc. (NYSE:AFG), which has assets of approximately $22 billion. Headquartered in Cincinnati, AFG is committed to building value for shareholders, providing profitably priced, quality products and services to customers, and offering a rewarding work environment for employees.
1 "A- (Excellent)" is an A.M. Best Rating “assigned to companies that have an excellent ability to meet their ongoing obligations to policyholders” and is fourth highest out of 16 possible categories.
2 At June 30, 2005, reflects all of GAFRI holdings on a GAAP basis. Total liabilities were $10.9 billion.
3 A.M. Best L/H Statement File, 2005.5.
4 "A (Excellent)" is an A.M. Best Rating “assigned to companies that have an excellent ability to meet their ongoing obligations to policyholders” and is third highest out of 16 possible categories.
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United Teacher Associates Insurance Company is proud of its endorsements by several statewide education associations. UTA has been a leader in providing high quality benefits to the members of various associations across the United States.
By providing the very best benefits available to members and potential members, these organizations have been successful in increasing membership size as well as satisfaction. The following is a list of some of the Associations that endorse UTA and its products.
Texas Retired Teachers Association (TRTA)
School Employee Retirees of Ohio (SERO)
West Virginia Association of Retired School Employees (WVARSE)
New Mexico Association of Educational Retirees (NMAER)
The associations are compensated for their endorsement.
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