American General Insurance Company
American General Insurance Company
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Product Details
CompanyAmerican General Insurance Company
Certificate Type
Common/Preferred Stock
Date Issued
June 26, 1968 (blue)
November 25, 1968 (green)
Canceled
Yes
Printer
Federated Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) x 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The story of American General began in 1925 when the Texas Commission of Appeals made a historic ruling that enabled insurance companies to underwrite both property and casualty insurance. Founder Gus S. Wortham, had a vision for such a company.
With financing in hand - provided by investment banker J.W. Link, Sr., Judge James A. Elkins, and entrepreneur Jesse H. Jones - Wortham began the task of naming his new company. Early suggestions - such as Lone Star, Trinity, and Magnolia Insurance Company - were too regional and didn't include the words "general insurance" to indicate the company would sell both property and casualty insurance.
Then one day, Wortham's friend and associate Carl Aderman stopped by with the answer. Taking off his hat and pointing to the George Washington insignia on the label, Aderman said, "Here's a general for you, Mr. Wortham, the first American general." The search for a name - and a symbol - were over.
On May 7, 1926, Wortham and Elkins braved a torrential storm on a train ride to Austin. There, they filed a charter for the new company. The next day, a yellow envelope was delivered to Wortham's associates in Houston. Signed by Judge Elkins, four words said it all: "The baby is born."
The company operated independently until the early 2000's when it was acquired by AIG.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
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We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.