AUL CORP – After taking 28 years to sell its 2 millionth F&I (finance and insurance) policy, it has taken AUL Corp only 32 months to reach its 3 millionth contract issued, announced Jimmy Atkinson, AUL Corp’s President and CEO. Founded in 1990 offering just a single product – the venerable Any Year Any Mileage® vehicle service contract (VSC), AUL expanded its finance and insurance offerings to include GAP insurance and a full suite of ancillary F&I products in 2019 and added EV and Auto Technology policies in 2020. The increasing diversity of products has been delivering record growth ever since, even in the face of the historic pandemic. Revenues for 2021 are approximately 40% above 2020, which in turn was roughly 40% greater than 2019.
As AUL’s business has skyrocketed, the firm has worked diligently to ramp up its workforce and technology platforms accordingly. In 2021, the firm implemented a new NetSuite Accounting Platform, enhanced the online Agent Dealer Lender Portal, and upgraded their phone system along with other supportive technology. While AUL’s humble beginnings started with founder Luis Nieves selling just three VSC policies in his first month in business and six policies in his second, today AUL is an award-winning company, been in business for 31 years, operates in all 50 States and has nearly 130 full time employees serving agents, dealers, lenders and policyholders all across the United States.
Yet, as much growth as AUL has achieved over the last 31 years, the firm remains committed to the philosophies of its founder, who acknowledged that their employees and partners always come first. “It is truly an honor to work with so many talented and motivated agents,” stated Atkinson. “We recognize our growth wouldn’t be possible without their great work and we’re extremely grateful to them for being the catalyst in AUL’s success,” he added.
Today, AUL Corp is one of the nation’s leading F&I providers, selling a full suite of automotive protection policies though a national network of dealers, agents, and financial institutions. AUL’s products include vehicle service contracts, extended warranties, technology systems coverage, electric vehicle coverage, GAP insurance, theft protection, tire and wheel protection, key replacement, roadside assistance, scratch repair, pre-paid maintenance packages, and more.
Originally posted on P&A Magazine