Agents Investors Group LLC, the insurance holding company for Alliant National Title Insurance Co. Inc., paid its first dividend April 1. Alliant is an underwriter partnering with independent agents to improve their competitive position.
Agents Investors Group paid $2 per membership unit to members of record. About 53 percent of its members are independent agents of Alliant National and the balance is almost evenly split between employees and other investors.
“The dividend provides a return to these agents who helped build and support Alliant National,” said Chief Financial Officer Scott Hendrickson. “We look forward to increasing investor returns in the coming years.”
With more than 240 independent agents, Alliant National is expanding, having recently opened an office in Oviedo, Fla.
Alliant National Title expands with new office
Launched in 2005, Alliant National employs about 40 people full-time. In 2013, Alliant National had total premiums written of $71.8 million. The company operates in 10 states and plans to double its footprint in the coming 12 months.