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Growth and Reserves

 

United Security Assurance, Inc. and its two wholly owned insurance subsidiaries, United Security Assurance Company of Pennsylvania and Colonial American Life Insurance Company, are located in Souderton, Pennsylvania, north of Philadelphia. Our founder, Ronald A. Landes, built the Companies on a "rock solid" foundation.

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, Inc. and its wholly owned subsidiaries are listed in the A.M. Best Life/Health Insurance Report. For 2008, the insurance subsidiaries received a "B+" (Good) rating from A.M. Best with a Stable Outlook.

The insurance companies continue to show positive operating results in premium income, investment income, and gains from operations, as well as growth in surplus each year. On a consolidated, generally accepted accounting principles ("GAAP") basis, the total assets of United Security Assurance, Inc. increased by approximately 8% in 2007, with a 9% 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, South Dakota and West Virginia.

Colonial American Life Insurance Company is licensed in Pennsylvania, Florida, Louisiana, Mississippi, South Carolina, and Texas.

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