Swot Analysis for Usaa

Management 303 SWOT analysis on USAA nest egg cant portion I- Organizational History USAA Savings Bank has been around for a long beat believe it or not. In 1922 USAA was in the outgrowth place founded in San Antonio, Texas when 25 Army officers distinguish fitted to come together and insure apiece others automobiles. William Garrison was USAAs first gear elected president. Shortly by and by that USAAs first employee was Harold Dunton, who was hired as a general manager. Major Walter Moore purchased the first automobile insurance policy for $114. 4 and became USAAs first member. Two years later in 1924 USAA printed their first credo. The participation motto was Service to the Services. 1928 was the year that USAA started advertising 8,000 active component usefulness members among 38,000 realizable. In 1929 things started turning for the worse, as the stock trade crashed and the expectant Depression followed shortly after. By the end of the 1920s USAA earned a give the axe profit of $144,000 before dividends. From 1930s on up USAA has been incredibly successful. 931-1940 USAAs employee population grows even through the Great Depression. Employee number sky rocketed and doubled, from 46 to 99. The orders membership doubles from 15,000 to 30,000, contempt the ongoing tough economic times. 1932 the first Annual Report to its members was established and published. A year later USAA exceeds minimum reliever holdings mandated by the Texas Board of Insurance Commissioners and returns $230,000 to members. In 1934 Stuart Gwyn is the first woman to join USAAs management team. USAA graduated to having 60% of whole eligible U.S. military officers become members in 1936 while also being able to end the decade with a top profit of $643,000 before dividends. Section II- Strengths and Weaknesses round of USAAs many specialnesss come in numbers. USAA ranks 62nd in net worth among tidy sum 500 companies and 144th for revenue, the company has proven to be a very financially backbreaking organization. Our net worth owned and managed assets, revenue, net income and membership all increased and continues to grow. In addition, member satisfaction and customer service remains consistently high.USAA produced colossal numbers as far as meshwork worth goes. From 2008 earning $14. 6 one million million million in net worth to $17. 0 in 2009, $18. 7 in 2010, $20. 0 billion and so far over $21. 3 billion. These numbers only keep get better. Some of USAAs highlights as of June 30, 2012 in substances 9. 1 million in summation members, the company now offers a hail of 38 million products, and a total of 23. 7 thousand employees. Classifications go as follows 28th largest bank, 5th largest homeowners insurance, 8th largest faith card provider, and 6th largest auto insurer.USAAs property and casualty insurance root received high ratings for financial strength from three of the major agencies-A. M. lift out, Moodys and standard & adenin e Poors. A. M. Best Company gave USAA an A++ (superior, highest of 16 possible ratings). Moodys Investors Service gave USAA an abdominal aortic aneurysm (Exceptional, highest of 21 possible ratings). Standard & axerophthol Poors gave USAA an AA+ (Very strong, second highest of 21 possible ratings). Wards 50 Placed USAAs P&C Insurance Group on the Wards 50 list, which is a benchmarking group of top-performing insurance companies, for 22 true years. 2012). IDC Financial Publishing Inc. gave USAA 111 consecutive victor ratings as of 2012s initiatory quartern for USAA Federal Savings Bank. Thomson Reuters Bank perspicacity (formerly Highline Banking Data Services) rated USAA in the Top 15% of peer group as of 1st quarter 2012. These argon all considered strengths for USAA because they are all astonishing milestones for the USAA Federal Savings Bank. It has helped catapult the company to where it is today. Everybody that has USAA loves it bottom line.