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Description:
Beautifully engraved SPECIMEN certificate from the NLT Corporation. This historic document was printed by the Federated Banknote Company in 1979 and has an ornate border around it with a vignette of an allegorical woman and a city skyline. This item has the printed signatures of the Company’s Chairman of the Board and Secretary and is over 23 years old.
Certificate Vignette In 1978 Great Southern Life was purchased by NLT Corporation of Nashville, Tennessee. Great Southern Life went on to become NLT's principal company producing ordinary life insurance. In 1982, American General purchased NLT Corporation and Great Southern Life became part of the American General organization. American General: A Portrait of Leadership The bright future of American General began during a stormy day in 1926, when insurance businessman Gus S. Wortham and long-time friend and attorney, Judge James A. Elkins, braved a torrential storm on a Southern Pacific train from Houston to Austin. At the state capitol, they filed a charter for the company that today is one of the nation's leading providers of retirement services, life insurance, and consumer loans. The Early Years Growth through Acquisition The 1980s: An Extraordinary Decade Working for 12 Million Americans Building Shareholder Value American General History The Early Years Building the Foundation The 1920s were a time of phenomenal growth for Houston, and by 1930, the city had doubled in size. Among the visionaries shaping the city was Gus Wortham. After fighting for the passage of a 1925 landmark legal decision that paved the way for insurance companies to write both property and casualty insurance, Wortham turned his attention to the dream of establishing just such a company. In 1926, Wortham found the investors he needed to realize his dream among three of his closest colleagues. Each was willing to invest $75,000 in the new venture: J.W. Link, Sr., a partner in the brokerage firm of Link-Ford; Judge Elkins; and Jesse H. Jones, who quickly said, "Deal me in." By also contributing $75,000, Wortham had the $300,000 necessary to launch the new enterprise. The Baby is Born With financing in hand, Wortham set about naming the new company. Early suggestions - Lone Star, Trinity, and Magnolia Insurance Company - sounded too regional, and did not include the words general insurance to indicate the company would write both property and casualty insurance. Carle Aderman, a friend and associate, happened by Wortham's office one day with the answer. He took off his hat, pointed to the label's insignia of George Washington, and said, "Here's a general for you, Mr. Wortham, the first American general." The search for a name - and a symbol - was over. On May 7, 1926, Wortham and Judge Elkins filed a charter for the new company. The next day, a small group of Wortham's associates in Houston tore open a yellow envelope delivered by a Western Union messenger. Signed by Judge Elkins, four words told the story: "The baby is born." Within three years, American General declared its first dividend, establishing a tradition unbroken to this day. By 1939, the company was prepared to reach out for more business opportunities. Under Wortham, the company launched its first wholly owned subsidiary, American General Investment Corporation, which offered financing for real estate activities and automobiles. Growth Through Acquisition A Match Made in Heaven Long before most of his contemporaries, Wortham realized that if you were to succeed in the insurance business, you had but two choices: "You either acquire ... or be acquired." He put this philosophy to the test in 1945 with the acquisition of Seaboard Life Insurance Company, described by Wortham as "a match made in heaven." Seaboard was similar in size, age, and reputation to American General. The merger made the American General Life Insurance Company the only company in the South to underwrite fire, life, automobile, and casualty insurance. It also set the precedent for a strategy to achieve growth through acquisition - a strategy that continues to fuel the company's growth today. American General continued pursuing acquisitions throughout the 1950s. In 1953, Wortham hired veteran life insurance salesman and well known industry leader, Benjamin N. "Woody" Woodson, to spearhead the pursuit of opportunities outside Texas. Woodson's first purchase for American General, a small life insurance company in Omaha, marked the company's first expansion outside Texas. Entering National Markets Into the 1960s, acquisitions followed like clockwork. In 1964, Woodson engineered the acquisition of the Maryland Casualty Company. With this single acquisition, American General entered national markets and doubled in size, becoming a major insurance holding company with a number of regionally based life and health insurance companies and a major casualty insurer. In 1966, American General entered the New York life insurance market with the purchase of Patriot Life Insurance Company in New York City. Patriot Life was moved to Syracuse, New York in 1970, and in 1973, was renamed American General Life Insurance Company of New York. One year later, American General purchased a controlling interest in the Variable Annuity Life Insurance Company (VALIC). This marked American General's move into the retirement plans and tax-deferred annuity market. Within 10 years of the purchase, American General acquired all of VALIC's remaining outstanding stock, making the company a wholly owned subsidiary of American General. Pivotal Investments With the acquisition of Life and Casualty Insurance Company of Nashville, Tennessee in 1968, American General reached a significant milestone: $1 billion in total assets. That same year, American General began trading on the New York Stock Exchange, and also made one of its most significant investments: the acquisition of a
| Status: For Sale |
Reference#: nltcorporation2 |
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