Century-old Insurance Company Begins New Chapter as Chase
CHICAGO, November 15, 2004--The well-respected insurance company that began as part of Kemper Life in 1905 will begin its second century with the name Chase Insurance, reflecting its new role as the insurance arm of JPMorgan Chase & Co.
Chase Insurance provides financial solutions for individuals and institutions, including variable and fixed annuities for long-term accumulation, low-cost term life insurance and universal life.
"We thrived for 100 years because we have delivered the products our customers want and the service they expect," said Jim Harlin, CEO of Chase Insurance. "As part of JPMorgan Chase, we can assure Chase Insurance customers that we will be here for them today, tomorrow and throughout their lives."
Chase Insurance will continue to distribute its products through its national network of independent agents, directly to consumers and to Bank customers. Chase Insurance has insurance operations in all 50 states.
"Chase Insurance continues the commitment to make insurance simple," Harlin said. "Our company's straight-forward solutions help 1 million customers feel confident with their insurance choices."
Chase Insurance includes:
- Chase Insurance Life and Annuity Company;
- Chase Insurance Life Company;
- Chase Insurance Life Company of New York;
- Chase Life and Annuity Company; and
- Chase Life and Annuity Company of New York.
Chase Insurance (www.ChaseInsuranceCompany.com), which is part of Retail Financial Services at JPMorgan Chase, generated $168 million of net revenue and $20 million of operating income during the third quarter of 2004.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries.