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© 2006 North Carolina Mutual Life Insurance Company.
About Us
A Commitment to Service
Since its beginning in 1898, North Carolina Mutual Life Insurance Company has grown
to become one of the nation's most widely-known and successful business
institutions. It is the only insurance company domiciled in North Carolina with a charter
dated before 1900. With over $12 billion dollars of insurance in force and surplus
exceeding $18 million, North Carolina Mutual is the oldest and largest African
American life insurance company in the United States.
The Company's seven organizers were men who were active in business, educational,
medical and civic life of the Durham community. An early financial crisis tested their
resolve and the company was reorganized in 1900 with only John Merrick and Dr.
Aaron M. Moore remaining. Charles C. Spaulding was named General Manager, under
whose direction the company grew and achieved national prominence.
The Company has had nine presidents in its one hundred seven year history: John
Merrick, Dr. Aaron M. Moore, Charles C. Spaulding, William J. Kennedy Jr., Asa T.
Spaulding, J.W. Goodloe, William J. Kennedy III, Bert Collins and James H. Speed Jr.,
who assumed office January 1, 2004.
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