(NAPA, CA – April 19, 2021) – While the novel Coronavirus pandemic reduced AUL Corp’s 30th Anniversary last April to a point on the calendar, 2020 turned out to be a record setting year for the F&I leader, announced Jimmy Atkinson, AUL’s President and CEO. “This sales momentum has continued into 2021, we just concluded our best March on record. Notably, all of this was achieved with more than 90% of our workforce operating remotely, a testament to tightly orchestrated technology systems and excellent teamwork, or what we call modeling the ‘AUL Way,’” noted Atkinson.
Since its founding in 1990, AUL has grown from a single-product, Vehicle Service Contract (VSC) provider to a full-service Finance and Insurance (F&I) leader that now has administered more than 2.5 million contracts and processed an excess of $900 million in claims. AUL’s product lineup now includes limited warranties, VSC’s, Guaranteed Asset Protection (GAP), and a full suite of Ancillary Solutions. Responding to the rapid rise in automotive technologies and the growth in hybrid/EV vehicles, AUL introduced last year the industry’s best standalone Technology VSC, called AUL-TECH, with options for unlimited mileage. Together, these new products have helped the firm accelerate its growth trajectory.
At AUL’s current rate of growth, the firm is forecast to sell its 3-millionth policy and process in excess of $1 billion in claims by the end of 2021. “When the pandemic first hit, there were no indications of what was to come. And like most in the industry, we focused on transitioning to a remote workforce as quickly and safely as possible and put our collective heads down and went to work. Yet today we are grateful to be able to celebrate our 31st year in business with record sales in a year in which all we could do was to be prepared for the unknown,” stated Atkinson.
“And we would be remiss if we didn’t acknowledge the cooperation, dedication and hard work of our growing network of agents, dealers and lenders, without whom these results would not have been possible,” added Paul McCarthy, AUL’s Senior Vice President, Agency and Dealer Sales. “In anticipation of increased vaccinations and waning restrictions, we will once again be honoring our leading producers at our annual Presidents Club retreat, to be held this September at the Four Seasons in Los Cabos,” McCarthy added.
To be sure, no one could have imagined the year just passed, or the record sales it would bring, yet for good or bad, everyone will remember AUL’s 31st year in business. Other notable milestones include:
Other Key Milestones
First Day of Business........................................... April 1, 1990
First Agent Signed............................................... Gary Eggleson (still active)
First Dealer Signed.............................................. Guy Strohmeier’s Auto Center (active)
1 Million Contracts Sold....................................... 2011
Hired 100th Employee........................................... 2013
Earthquake........................................................... 2014
Wildfires............................................................... 2017
2 Million Contracts Sold....................................... 2018
Introduce Gap & Ancillary Products..................... 2019
Introduce AUL Tech & EV Products..................... 2020
2.5 Million Contracts Sold.................................... 2020
About AUL Corp.
AUL Corp., founder of the used car service contract industry with the introduction of the still-famous Any Year, Any Mileage® vehicle service contract in 1990, now offers a full suite of industry leading F&I products. AUL's mission is to be the premier F&I provider in America by any quantifiable measurement of business activity. AUL enjoys a longstanding relationship with its underwriters, who hold an A.M. Best rating of "A" Excellent. AUL also enjoys the longest-term relationships in the industry with its agent and dealer clients, as verified by independent third-party research. To find out more, please visit www.aulcorp.com.