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21st Century Insurance's success story begins with its founder Louis W. Foster. After 20 years as an independent agent in the insurance business, Mr. Foster founded the original company in 1958 in Los Angeles as an inter-insurance exchange. An inter-insurance exchange is similar to a cooperative where policyholders work together to finance and insure the losses of the other policyholders.

The one-employee office grew rapidly and in 1966 the company moved to Century City to accommodate its expanding staff and volume of policies. The company celebrated a major milestone at the same time — achieving $1 million in premiums in a single year.

In 1968 the decision was made to convert the inter-insurance exchange to a capital stock company for two reasons. First, the federal government had minimized the tax advantages for the exchange. Second, the California Department of Insurance raised the capital and surplus requirements of reciprocals to $1 million. The decision was considered one of the most unique in the annals of business in California. The policyholders of the exchange ultimately became stockholders in the newly structured company. The profits in the exchange were used as a basis for measuring the amount of equity the policyholder would be entitled to in the new company. As a result, people who had bought insurance to save money received the added benefit of becoming stockholders. In 1969 the company wrote $2 million in premiums; $5 million was reached in 1972, and $10 million in 1975.

In 1980 the company moved from Century City to its current headquarters in Woodland Hills. Its spectacular growth continued upward with $100 million in premiums in 1982, $200 million in 1984, $500 million in 1987, and more than $1 billion in 1993. The company expanded into Arizona in 1996 and began operations in Nevada, Oregon, and Washington in 1998. 21st Century Insurance has more than 2,500 employees and occupies two 11-story headquarters buildings in Woodland Hills. The company also operates 14 division service offices, five vehicle inspection centers, and nine drive-in claim centers.

Company Press
21st Century Insurance (NYSE: TW) is the seventh largest personal auto insurance company in California and insures over 1.5 million automobiles.

21st Century Insurance offers personal automobile, motorcycle, and umbrella insurance in California and automobile insurance in Arizona, Illinois, Indiana, Nevada, Ohio, Oregon, Texas and Washington. The company receives much of its new business through referrals from current policyholders; the average annual renewal rate of existing policyholders is over 90%.

At year-end 2004, 21st Century Insurance Group had $1.3 billion in net premiums written, $1.4 billion in revenues, and assets totaling $1.9 billion.

Contact

21st Century Plaza
6301 Owensmouth Ave.
Woodland Hills, CA 91367
(818) 704-3700

Click here to visit 21st Century Insurance

Professional Review
21st Century Insurance offers auto insurance at very low rates. In fact, most new customers save as much as 21% on car insurance. 21st Century Auto Insurance insures nearly 1.2 million automobiles and offers personal automobile, motorcycle, and umbrella insurance in California and automobile insurance in Texas, California, Indiana, Illinois, Arizona, and Ohio. 21st Century Insurance receives much of its new business through referrals from current policyholders; the annual renewal rate of existing policyholders is over 90%. Request a free quote from 21st Century Insurance and see how much you can save.

PLEASE NOTE: 21ST CENTURY INSURANCE IS ONLY AVAILABLE TO RESIDENTS OF CALIFORNIA, TEXAS, ARIZONA, INDIANA AND ILLINOIS.

1. 7 out of 10 drivers can save money by swiching to 21st Century.

2. You can save 21% on car insurance with 21st Century!

3. New 21st Century customers report average savings of $300.

4. You can get a quote at 21st.com in less than 3 minutes.

5. 21st Century offers more coverage than any other Top 10 insurance company in California.

6. Customer service representatives are available 24 hours a day, 365 days a year and phone wait times under 60 seconds.

Customer Reviews
Redwood City, CA - Alma
I was provided with excellent customer serviceby Nea Carr. She spent over three hours working with me to provide me the best insurance deal I could get.

Williams, CA - Emily
Earlier this year I was involved in an accident with one of 21st Century's customers and they were prompt in the services that were provided. The policy holders daughter was driving and was also covered by the policy.

Los Angeles, CA - Robert
Both my wife and I have had accidents in the last couple of years (this is LA, after all). Hers was major, mine was rather minor. In both cases, the 21st Century Insurance investigator called promptly and didn't 2nd guess us or hesitate in any way. My wife's car was totaled in the accident and we actually recovered a greater (20%) amount for the car than what I expected from the Kelly Blue Book. In my accident, the insurance paid for the collission quickly and professionally.