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John Alden Financial Corp

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BUSINESS
November 15, 1996 | Times Staff and Wire Reports
Los Angeles-based SunAmerica Inc. said it will buy $5 billion worth of annuity reserves from John Alden Financial Corp. for undisclosed terms. The purchase would include "substantially all" of John Alden's annuity business and comes as the company focuses on its health insurance business, said Chris Wells, a spokeswoman for Miami-based John Alden. The company said in March that it would sell its annuity and credit life and disability units as part of that focus.
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BUSINESS
February 5, 1997 | BARBARA MARSH, TIMES STAFF WRITER
John Alden Financial Corp., a major insurer, has told California officials it plans to stop selling health plans to small businesses in the state. The Miami-based insurance giant notified regulators of its withdrawal in a letter on Jan. 23, a spokeswoman for the Department of Insurance said Tuesday. An executive at the company's California headquarters in Irvine refused to comment.
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BUSINESS
February 5, 1997 | BARBARA MARSH
John Alden Financial Corp., a major insurer, has told California officials that it plans to stop selling health plans to small businesses in the state. The Miami-based insurance giant notified regulators of its withdrawal in a letter Jan. 23, a spokeswoman for the Department of Insurance said Tuesday. An executive at the company's California headquarters in Irvine refused to comment.
BUSINESS
February 5, 1997 | BARBARA MARSH
John Alden Financial Corp., a major insurer, has told California officials that it plans to stop selling health plans to small businesses in the state. The Miami-based insurance giant notified regulators of its withdrawal in a letter Jan. 23, a spokeswoman for the Department of Insurance said Tuesday. An executive at the company's California headquarters in Irvine refused to comment.
BUSINESS
February 5, 1997 | BARBARA MARSH, TIMES STAFF WRITER
John Alden Financial Corp., a major insurer, has told California officials it plans to stop selling health plans to small businesses in the state. The Miami-based insurance giant notified regulators of its withdrawal in a letter on Jan. 23, a spokeswoman for the Department of Insurance said Tuesday. An executive at the company's California headquarters in Irvine refused to comment.
BUSINESS
May 6, 1997 | ANNETTE HADDAD
SunAmerica continues to clock impressive results as it focuses, laser-like, on becoming a household name for handling the retirement nest eggs of the nation's baby boomers. At No. 4, the top-ranked Los Angeles County company on the overall Times 100 list posted a 43% increase in sales in 1996 and has more than doubled its earnings since 1993. The torrid pace has been fueled by internal growth and a series of shrewd acquisitions.
BUSINESS
April 20, 1995 | From Times Staff and Wire Reports
Shares of managed-health-care companies, including two large Orange County HMO concerns, tumbled 10% or more on worries about price wars and pressure on profit margins. The slide was sparked by comments from U.S. Healthcare Inc. officials at an industry conference and a warning by United Wisconsin Services Inc. that first-quarter earnings will be much lower than expected, analysts said.
BUSINESS
November 15, 1996 | Times Staff and Wire Reports
Los Angeles-based SunAmerica Inc. said it will buy $5 billion worth of annuity reserves from John Alden Financial Corp. for undisclosed terms. The purchase would include "substantially all" of John Alden's annuity business and comes as the company focuses on its health insurance business, said Chris Wells, a spokeswoman for Miami-based John Alden. The company said in March that it would sell its annuity and credit life and disability units as part of that focus.
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