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USAA is owned by the company's policyholders. USAA is a type of insurance company called a reciprocal insurance exchange, which means that policyholders assume each other%s risk, though daily operations are managed by the company's executive council.
Apr 27, 2023
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1922 — Maj. Walter Moore purchases an automobile insurance policy and becomes our first member. Membership Growth.
We help military families protect what and who they love, and create a bright future through insurance, banking, advice and retirement solutions.
Wayne Peacock is the president and chief executive officer of USAA, with more than 30 years of experience at the company. Founded in 1922 as an insurance ...
Aug 21, 2022 · USAA is owned by its policyholders, as it operates as a reciprocal insurance exchange where policyholders share each other's risk.
USAA was founded in 1922 by a group of Army officers who decided to self-insure each other, forming the United States Army Automobile Association. In 1923, the ...