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United Security Assurance, Inc. has been built on a rock solid foundation. United Security Assurance Company of Pennsylvania and Colonial American Life Insurance Company are located in Souderton, Pennsylvania and are the wholly owned subsidiaries of United Security Assurance, Inc.
United Security and Colonial American value the tradition of service to the policyholder, while providing the most up-to-date products at competitive prices.
United Security Assurance, and its wholly owned subsidiary, Colonial American Life, are listed in the A.M. Best Life/Health Insurance Report. For 2007, we received a “Good” rating from A.M. Best.
The insurance companies continue to show positive operating results in premium income, investment income, and gains from operations, as well as growth in Policyholder Surplus each year. On a consolidated, generally accepted accounting principles basis ("GAAP"), total assets increased by approximately 13% in 2006, with a 20% increase in Shareholders' Equity.
United Security Assurance Company of Pennsylvania is licensed in Pennsylvania, Delaware, Illinois, Kansas, Maryland, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma and South Dakota.
Colonial American Life Insurance Company is licensed in Pennsylvania, Florida, Louisiana, Mississippi, South Carolina, and Texas.
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