USAA

United Services Automobile Association
Native name
United Services Automobile Association
Company typePrivate. Reciprocal inter-insurance exchange
Industry
FoundedJune 20, 1922 (1922-06-20)
HeadquartersSan Antonio, Texas
United States
Number of locations
5 financial centers
Area served
Worldwide
Key people
Products
RevenueIncreaseUS$35.617 billion (2019)[1]
Increase$4.006 billion (2019)[1]
AUMIncrease$128 billion (2015)[2]
Total assetsIncrease $200 billion (2020)[3]
Total equityIncrease $35.327 billion (2019)[1]
MembersIncrease 13 million (2020)[4]
Number of employees
Increase 36,000 (2020)[5]
Capital ratio13.27%
RatingA.M. Best Company A++ (Superior, highest of 16 possible ratings)

Moody's Investors Service Aaa (Exceptional, highest of 21 possible ratings)

Standard & Poor's AA+ (Very Strong, second highest of 21 possible ratings)
Websitewww.usaa.com

The United Services Automobile Association (USAA) is an American financial services company providing insurance and banking products exclusively to members of the military, veterans, and their families.[6] It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group.[7][8]

USAA has since expanded to offer banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their families. The company ranked No. 96 in the 2020 Fortune 500 list of the largest United States corporations by total revenue[9] and appeared on Fortune's 2021 Blue Ribbon list of companies, placing No. 355 on the Fortune Global 500, No. 94 on the Fortune 500, No. 55 on the 100 Best Companies to Work For and World’s Most Admired Companies.[10] At the end of 2020, it had more than 13 million members.[11]

  1. ^ a b c "2019 USAA Report to Members" (PDF). USAA. Retrieved 2020-04-23.
  2. ^ "2015 USAA Report to Members". USAA. Archived from the original on 2016-06-03. Retrieved 2016-05-06.
  3. ^ "Holding Companies with Assets Greater Than $10 Billion". Federal Financial Institutions Examination Council. 31 March 2020.
  4. ^ "2020 Annual Report to Members" (PDF). USAA. Retrieved 2022-03-06.
  5. ^ "2020 Annual Report to Members" (PDF). USAA. Retrieved 2022-03-06.
  6. ^ "USAA Car Insurance Review for 2023".
  7. ^ "Corporate Overview". USAA. Archived from the original on 2018-07-14. Retrieved July 22, 2017.
  8. ^ Spechler, Jay W. (1996). Reasonable Accommodation: Profitable Compliance With the Americans With Disabilities Act. Delray Beach, Fla: St. Lucie Press. p. 229. ISBN 978-1884015946.
  9. ^ "Fortune 500 Companies 2021". Fortune. Retrieved 12 July 2022.
  10. ^ "Fortune's Blue Ribbon Companies 2021". Fortune. Retrieved 12 July 2022.
  11. ^ "2020 Annual Report to Members" (PDF). USAA. Retrieved 2022-03-06.