One hundred years ago a former slave, Alonzo Franklin
Herndon, founded what would become the Atlanta Life Financial
Group. A sharecropper from Social Circle, Ga., he parlayed his
haircutting skills into the finest men's barbershop in Atlanta,
catering to the white businessmen who populated Peachtree Street
until his shop was damaged during the 1905 Atlanta race riots. An
indomitable entrepreneur, Herndon was a real estate investor, a
world traveler, an amateur architect, a pillar of black Atlanta,
and its wealthiest black man. His mansion, built by black artisans
in 1910, today abuts the Morris Brown College campus and is listed
on the national register of historic homes.
The company that Herndon founded with a $140 investment was the
outgrowth of one of the many benevolent societies catering to low
and moderate-income consumers. Salesmen sold the company's low cost
industrial insurance door-to-door at a time when, perhaps, they
were the only black men passing through a southern town wearing
suits and ties.
Over time, the company continued to serve this customer base,
occasionally buying similar companies when they fell on hard times.
In order to assure its continued independence at a time when
similar companies were duped into being sold, the company kept its
ownership concentrated in the Herndon family and its affiliate, the
Herndon Foundation.
Continuing to serve its traditional customer base, Atlanta Life
became a household name to black families throughout 17 states. Its
salespeople collected premiums weekly and the company became woven
into the fabric of the communities it served through its strong
civic involvement and through its pivotal role in the underpinnings
of the civil rights movement. For instance, it was quietly
responsible for providing bail for countless students arrested
during the sit-in movement. With more educated consumers, the
insurance industry as a whole now has to rise to the potential
customers' expectations. Therefore, Atlanta Life has taken on a new
vision and mission to build on its century of service.
Important Dates In The History Of Atlanta
Life
2004 - Ronald D. Brown becomes the 6th president
2003 - Atlanta Life enters the Pre-need market offering products
and services to help consumers fund preplan and prearrange
funerals.
2002 - Atlanta Life enters Asset Management Business offering
products and services to help institutions and high net worth
individuals build and protect wealth.
2001 - Atlanta Life Insurance Company becomes a financial
services organization and is renamed Atlanta Life Financial
Group.
1999 - ALIC turned a new leaf to make their motto, "Atlanta
Life, Your LIFE Partner." It was also the first time in its history
that mass advertisements and commercials were made to promote new
products and push the significance and importance of ALIC's rich
history.
1998 - A trendy and exciting new corporate logo was introduced
that was influenced by the appearance of the home office with
the new slogan, "Atlanta Life Secures Your Future"
1996 - Charles Cornelius became the 5th president
1995 - The updated professional, and sophisticatedly styled new
corporate logo and new corporate motto came into play: "Atlanta
Life Is On The Move"
1992 - Mr. Don Royster became 4th president
1977 - Norris B. Herndon dies
1973 - Jesse Hill, Jr. became the 3rd president, Norris B.
Herndon becomes chairman of the Board
1943 - ALIC's capitalization grew to $1 million
1934 - Company began operations in Ohio
1930-1932 - The worst financial conditions of ALIC's history due
to the war
1927 - Alonzo Herndon dies at age 69. His son Norris takes the
helm of president
1924 - The Company extended operations to Florida, Tennessee,
Kentucky, Missouri, Kansas and Texas
1922 - Atlanta Mutual obtained an amended charter which
increased capitalization to $100,000 and authorized the writing of
all classes of life insurance. The Company also became known as
Atlanta Life Insurance Company
1918-1919 - Severe influenza epidemic heavily obligated the
Company with sick & death claims
1918 - Atlanta Life moves to 148 Auburn Avenue
1915 - Atlanta Mutual had over $1 Million of insurance in
force
1912 - Alonzo Herndon marries Jessie Gillespie
1910 - Mrs. Alonzo Herndon (Adrienne) succumbs to Addison's
Disease
1905 - Alonzo Franklin Herndon, former slave, prominent Atlanta
barber and first president, purchased for $140, The Atlanta
Benevolent and Protective Association (later called Atlanta
Mutual)
1902 - Herndon opens The Crystal Palace, an elegant barber
establishment, located at 66 Peachtree Street
1893 - Alonzo marries Adrienne Elizabeth McNeil
1883 - Operates barber shop with partner
1882 - Herndon moves to Atlanta, GA.
1858 - Alonzo Herndon born into slavery on a Georgia
plantation