Continental American Insurance Company
Continental American Insurance Company, also known as CAIC, was originally founded as Carolina Continental Insurance Company in 1980. The company specializes in offering voluntary group insurance products that are distributed by insurance brokers at the worksite. CAIC is based in Columbia, South Carolina, and operates as a private, for-profit company. The company is rated A- (Excellent) by A.M. Best. In 2008, CAIC produced total revenues of $79 million and a net income of $7 million. The company’s admitted assets were $104 million and capital and surplus was $33 million at the end of 2008. CAIC was acquired by Aflac Incorporated and its future financial results will be consolidated into the Aflac U.S. reporting segment for Aflac Incorporated and subsidiaries.
1600 Williams Street
Columbia, SC 29201
|Insurance Types||Annuity, Health, Life|
|A.M. Best||A- (Excellent)|