Accordia

Accordia Life (Global Atlantic)

• Here is the corporate profile for Accordia Life (the primary life insurance subsidiary of Global Atlantic Financial Group) for your LifeInsuranceOpedia glossary.Crucial Note for your Glossary: This entry is essential for "Orphan Policy" searches. Accordia is the modern administrator for policies originally sold by Aviva USA, Indianapolis Life, and AmerUs Life. Users holding these old policy documents often struggle to find who services them today.Corporate Overview
  
  • Company Name: Accordia Life and Annuity Company
  • Parent Organization: Global Atlantic Financial Group
    • Ownership Status: KKR & Co. Inc. (NYSE: KKR) acquired 100% ownership of Global Atlantic in January 2024.
  • Headquarters: Des Moines, Iowa
  • Primary Focus: Indexed Universal Life (IUL), Term Life, and Annuities.
  • Distribution Model: Independent Marketing Organizations (IMOs) and Brokerage General Agencies (BGAs).
  • Financial Strength: Rated A (Excellent) by AM Best.
    • Source: AM Best Rating Commentary (Affirmed 2025)
  Corporate History (The "Orphan Policy" Lineage)1905–2001: The Indianapolis Life EraThe core charter of Accordia traces back to Indianapolis Life Insurance Company, a mutual company founded in 1905. For nearly a century, it was a staple of the Midwest insurance market.
  • 2001: Indianapolis Life demutualized and merged with AmerUs Life, an Iowa-based insurer. The "Indianapolis Life" brand continued to be used for marketing during this period.
    • Source: Indy Encyclopedia: Indianapolis Life History
  2006–2013: The Aviva EraIn 2006, the British insurance giant Aviva plc acquired AmerUs for $2.9 billion.
  • Rebrand: The entire U.S. operation (including Indianapolis Life) was rebranded as Aviva USA.
  • Market Position: During this time, Aviva USA became a dominant player in the Indexed Universal Life (IUL) market.
    • Source: Aviva Completes Acquisition of AmerUs
  2013: The Athene / Global Atlantic SplitIn a complex transaction, Athene Holding purchased Aviva USA to acquire its annuity assets. However, Athene did not want the life insurance business.
  • The Split: Athene immediately sold the life insurance division to Global Atlantic Financial Group (then known primarily as Commonwealth Annuity).
  • The Rebrand (2014): Global Atlantic renamed the acquired "Aviva Life and Annuity Company" to Accordia Life and Annuity Company.
    • Source: Global Atlantic Launches Accordia Life Brand
  2024: The KKR AcquisitionWhile Global Atlantic operated as a private company for years, the investment firm KKR began acquiring stakes in 2021.
  • January 2024: KKR completed the acquisition of the remaining outstanding shares, making Accordia Life (via Global Atlantic) a wholly-owned subsidiary of KKR.
    • Source: KKR Completes Acquisition of Global Atlantic
  Summary of Name Changes & MergersYearEventDetails2001MergerIndianapolis Life merges with AmerUs Life.2006AcquisitionAviva plc acquires AmerUs; rebrands entity to Aviva USA.2013DivestitureAthene buys Aviva USA; sells life block to Global Atlantic.2014RebrandAviva Life & Annuity Co. is renamed Accordia Life.2024OwnershipKKR acquires 100% of parent Global Atlantic.Key Data for CSV/Webflow Upload
  • Entity Type: Stock Life Insurance Co (Subsidiary)
  • NAIC Company Code: 62200
  • State of Domicile: Iowa
  • Predecessor Entities:
    • Aviva Life and Annuity Company (Renamed 2014)
    • AmerUs Life Insurance Company (Merged)
    • Indianapolis Life Insurance Company (Merged)