Who Owns Combined Insurance?

W. Clement Stone founded Combined Insurance Company of America in Chicago in 1922, building it into one of the pioneering supplemental insurance sellers. Stone became famous in the insurance industry for positive mental attitude sales philosophy, chronicled in his book "The Success System That Never Fails."

The company grew through the twentieth century into a major supplemental insurer, providing accident, hospital, disability, and life coverage to middle-market consumers, particularly through workplace enrollment and door-to-door sales forces that defined its distribution model.

Combined Insurance went through multiple ownership changes, including a period under Aon Corporation ownership in the 1980s and 1990s before being spun out and eventually acquired by ACE Limited in 2014. The ACE deal valued the business at approximately $2.4 billion.

Under Chubb, the brand operates as Combined Insurance, a Chubb company, serving the supplemental accident and health market in the United States, Canada, and select international markets. Its products complement primary health insurance by covering out-of-pocket expenses, disability income, and hospital indemnity benefits.