02/04/2026
Honoring Black History. Building Black Legacy.
Black history in the insurance industry is rich, powerful, and often overlooked. Long before equal access existed, visionary leaders built institutions that protected Black families and fueled economic growth.
John Merrick, born into slavery in 1859, went on to found North Carolina Mutual Life Insurance Company, the largest Black-owned life insurance company in the United States for much of the 20th century.
Abraham Lincoln Lewis established Afro-American Life Insurance Company in 1901, becoming Florida’s first Black millionaire and building one of the most influential Black-owned financial institutions in the state’s history.
Alonzo Herndon, founder of Atlanta Life Insurance Company in 1905, rose from slavery to become Atlanta’s first Black millionaire. His company still serves communities across 17 states today.
In 1919, Frank L. Gillespie founded Supreme Life Insurance Company in Chicago after refusing to accept unequal policies for Black families. Supreme Life became a leader in the National Insurance Association, which at its peak represented 46 Black-owned insurance companies holding over $1.65 trillion in policies in force.
These companies provided financial protection when it was denied elsewhere—helping build Black wealth despite segregation, discrimination, and systemic barriers.
While many Black-owned insurers no longer exist today, the mission remains relevant. The future of economic empowerment includes education, access, and trusted professionals who serve communities with integrity and purpose.
This Black History Month, we honor the pioneers and reaffirm our commitment to protecting families, building generational security, and continuing the legacy they began.