TIAA
The Teachers Insurance and Annuity Association of America is the leading provider of financial services and insurance for employees in academia, medicine, research, and government. Launched in 1918 by the Carnegie Foundation for the Advancement of Teaching to “help teachers retire with dignity,” the company has grown extensively to include more than 5 million clients and over $1 trillion in combined assets under management. TIAA made history when in March 2021 Thasunda Brown Duckett succeeded retiring chief Roger W. Ferguson Jr., rendering the company the first of the Fortune 500 to be led by two Black CEOs in a row. In May, TIAA announced its commitment to achieving net-zero carbon emissions in its General Account by 2050.
Courtesy of TIAA
Company Information
As of 6/5/23
Country
U.S.
Headquarters
New York City
Industry
Insurance: Life, Health (Mutual)
CEO
Thasunda Brown Duckett
Website
Company Type
Private
Ticker
-
Revenues ($M)
$40,911
Profits ($M)
$494
Market Value ($M)
-
Employees
16,070
Not a mutual company, but reports financial data according to statutory accounting.
World's Most Admired Companies
Sector
Financials
Industry
Insurance: Life and Health
Current All-Star Rank
-
Previous All-Star Rank
-
Industry Rank
1
Previous Industry Rank
1
Overall Score
6.56
Innovation
3
People Management
1
Use of Corporate Assets
1
Social Responsibility
1
Quality of Management
1
Financial Soundness
3
Long-Term Investment Value
3
Quality of Products/Services
1
Global Competitiveness
12
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$40,526.4
-2.6%
Profits ($M)
$4,060.7
627.6%
Assets ($M)
$698,190.8
-
Total Stockholder Equity ($M)
$42,972.7
-
Profit Ratios
Profit as % of Revenues
10%
Profits as % of Assets
0.6%
Profits as % of Stockholder Equity
9.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
-
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2021)
-
Total Return to Investors (5 year, annualized)
-
Total Return to Investors (10 year, annualized)
-
Lists ranking TIAA
Latest news for TIAA
- Leadership Next: Four Powerful Women;3:17Digital Features;
- Most Powerful Women 2022 - Challenge Accepted: Year One;15:25Conferences, MPW Summit;
- There are only 44 women and 6 Black CEOs leading Fortune 500 companies;2:16Series, Magazine Videos;
- TIAA's New CEO: "The Buck Stops With Me";12:32Series, On Leading;
