Sammons Financial Group Company Research Report

Company Overview

• Name: Sammons Financial Group, Inc.

• Mission: Empowering futures and changing lives by helping families and businesses protect their financial future.

• Foundation: Sammons Financial Group is a subsidiary of Sammons Enterprises, with a legacy impacting future generations by securing financial livelihoods.

• Key People:

• Casey Decker: Chief Operating Officer since December 3, 2024.

• Katie Bartling: Chief People Officer reporting to Casey Decker.

• Esfand Dinshaw: Chief Executive Officer.

• David Attaway: Announced as the upcoming Chief Financial Officer effective April 1, 2025.

• Headquarters: 8300 Mills Civic Parkway, West Des Moines, Iowa 50266.

• Number of Employees: Over 2,000 employees across various U.S. locations.

• Revenue: No information is available.

• Known For: Sammons Financial Group encompasses some of the most enduring and stable companies in the financial services industry. It focuses on annuities and life insurance through its member companies: Midland National® Life Insurance Company, North American Company for Life and Health Insurance®, Sammons Institutional Group®, Inc., and Sammons Wealth ManagementTM.

Products

Life Insurance

• Description: Provides term, whole, universal, and indexed universal life insurance policies for individuals, families, and corporate entities.

• Key Features:

• Financial protection for policyholders and beneficiaries.

• Diverse range of life insurance policies tailored to individual and business needs.

Annuities

• Description: Offers fixed and indexed annuities designed to produce guarantees backed by Midland National's financial strength.

• Key Features:

• Long-term financial products designed to provide income and financial stability.

• Includes extensive crediting methods and index options.

Sammons Wealth Management Division

• Description: Provides wealth management services, focusing on innovative portfolio management solutions.

• Key Features:

• Acquired Beacon Capital Management and entered a strategic partnership with NorthRock Partners to expand product offerings.

• Assets under management exceeding $4 billion as of 2024.

Recent Developments

• New Roles:

• Casey Decker was named Chief Operating Officer on December 3, 2024, with responsibilities across several operational facets, including technology and human resources.

• Katie Bartling promoted to Chief People Officer to enhance high-performance culture and alignment with business objectives.

• Partnerships and Expansions:

• Strategic partnership formed with NorthRock Partners, expanding wealth management offerings.

• Community Engagement:

• Launched a Community Outreach Program, directing $175,000 to 24 local Iowa charities. Employees actively nominated and voted for charities to support.

Overall, Sammons Financial Group remains committed to maintaining its reputation for financial stability, community engagement, and employee-owned success. With continuous growth and strategic leadership reorganization, the group is poised for future success.

(Note: Fields in the report with "No information is available" indicate areas where no specific data was found in the provided sources.)