This company started on the path that led to the formation of SunAmerica on November 19, 1971, when it was purchased by the Kaufman and Broad Building Company. The earliest incarnation of SunAmerica was the Sun Life Insurance Company of America, which was founded in 1890 in Baltimore. In the late 1980s, the company was separated from the home building business, and it grew rapidly as a purely financial business.
Over time, SunAmerica evolved from a general life insurance provider to a specialist in retirement planning. SunAmerica began as a subsidiary of a house building company that sought to diversify its activities and cushion the impact of cyclical financial trends on its business. SunAmerica Inc., among the nation ’s largest life insurers, is also a financial services company, offering retirement planning and savings products as well as retirement annuities.
Public Company Incorporated: 1890 as Sun Life Insurance Company Employees: 1,000 Total Assets: $13.39 billion Stock Exchanges: New York SICs: 6311 Life Insurance 6282 Investment Advice 6719 Holding Companies, Not Elsewhere Classified 1 SunAmerica Center Century City Los Angeles, California 90067-6022 U.S.A.
