PROFILE |
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GMAC Insurance, a subsidiary of General Motors Acceptance Corporation (top car maker General Motors' automobile financing unit), is an underwriter in the growing nonstandard automobile insurance market. The company sells insurance to nearly a million policyholders through some 14,000 independent agencies in more than 30 states. GMAC Insurance focuses on selling specialty insurance products for cars, commercial vehicles, and motorcycles, primarily for drivers who cannot qualify for standard insurance. The company has partnered with Homesite Insurance, which underwrites homeowners insurance and sells its products under the GMAC Insurance label online to customers.
COMPETITION |
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Midland Financial Group, Inc. (dossier)
The Progressive Corporation (PGR)
Safeway Insurance Company (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 2,470.80
1-Yr. Sales Growth: 6.3%
Employees: 2,300
Revenue per employee: $1,074,260.87
KEY PEOPLE |
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Pam Godwin
CEO
Bernard J. Buselmeier
CFO
CONTACT INFO |
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500 W. 5th St.
Winston-Salem, NC 27152
US
Phone: 336-770-2000
Fax: 336-770-2051
Online: Web Site
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