The company operates in three segments: Standard Property-Casualty, Non-Standard Agency, and Life Insurance.
The Standard Property-Casualty segment consists of two principal lines of business, underwriting only residential property insurance in capacity constrained states, and underwriting residential property and automobile insurance in states, where it can offer both products.
This segment distributes its insurance products primarily through independent agencies in 16 states.
The Non-Standard Agency segment distributes nonstandard auto insurance products for various retail and wholesale insurance carriers in exchange for commissions and fees.
These nonstandard insurance policies provide coverage to drivers, who find it difficult to obtain insurance from standard insurance companies.
This segment offers both liability-only policies, as well as full coverage policies, which include first-party coverage for the insured’s vehicle.
The Life Insurance segment markets traditional life products, universal life products, fixed-rate annuities, pension contracts, and related products through third-party marketing firms, financial institutions, and independent agents located throughout 41 states and the District of Columbia.
Vesta Insurance was incorporated in 1993 and is headquartered in Birmingham, Alabama.
