Swot Analysis for Usaa

Management 303 SWOT Analysis on USAA Savings border Section I- Organizational History USAA Savings Bank has been around for a long time believe it or not. In 1922 USAA was origin everyy founded in San Antonio, Texas when 25 Army officers decided to come unitedly and insure each others automobiles. William Garrison was USAAs source elected president. Shortly after 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 confederation motto was Service to the Services. 1928 was the year that USAA started advertising 8,000 progressive component service members among 38,000 possible. In 1929 things started turning for the worse, as the stock merchandise crashed and the Great Depression followed shortly after. By the end of the 1920s USAA realise a net 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 numbers pool sky rocketed and doubled, from 46 to 99. The gilds membership doubles from 15,000 to 30,000, notwithstanding the ongoing tough economic times. 1932 the first Annual Report to its members was open and published. A year later USAA exceeds minimum reserve holdings mandated by the Texas dining table of Insurance Commissioners and returns $230,000 to members. In 1934 Stuart Gwyn is the first woman to join USAAs wariness team. USAA graduated to having 60% of all eligible U.S. military officers become members in 1936 while also being able to end the decade with a net profit of $643,000 before dividends. Section II- Strengths and Weaknesses Some of USAAs umteen strengths come in numbers. USAA ranks 62nd in net cost among Fortune d companies and 144th for revenue, the company has proven to be a very financially square organization. Our net worth owned and managed assets, revenue, net income and membership all change magnitude and continues to grow. In addition, member satisfaction and customer service remains systematically high.USAA produced colossal numbers as far as Net worth goes. From 2008 earning $14. 6 billion in net worth to $17. 0 in 2009, $18. 7 in 2010, $20. 0 billion and so far everywhere $21. 3 billion. These numbers only keep getting better. Some of USAAs highlights as of June 30, 2012 in derives 9. 1 million in Total members, the company now offers a total of 38 million products, and a total of 23. 7 thousand employees. Classifications go as follows 2eighth largest bank, 5th largest homeowners insurance, 8th largest credit card provider, and 6th largest auto insurer.USAAs property and happening insurance group received high ratings for financial strength from tercet of the major agencies-A. M. Best, Moodys and standard & Poors. A. M. Best society 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 & 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 consecutive years. 2012). IDC Financial publish Inc. gave USAA 111 consecutive Superior ratings as of 2012s 1st quarter for USAA national Savings Bank. Thomson Reuters Bank Insight (formerly Highline Banking Data Services) rated USAA in the Top 15% of peer group as of 1st quarter 2012. These are 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.