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COMPANY BENCHMARKING • UNITED STATES

USAA Savings Bank - Company Profile

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USAA Savings Bank - Overview

Description
USAA Savings Bank is a private company with an estimated 36,000 employees. In the US, the company has a notable market share in at least two industries: Industrial Banks, Homeowners' Insurance and Homeowners' Insurance. Their largest market share is in the Industrial Banks industry, where they account for an estimated 7.7% of total industry revenue.
Company Details

Registered Name: USAA Savings Bank

Company Type: Other

Employees: 36000

USAA Savings Bank - Operating Industries and Main Competitors

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USAA Savings Bank - Products and Services

  • Homeowners' Insurance in the US

  • Of the 5 core revenue-generating products and services in the Homeowners' Insurance in the US industry, USAA Savings Bank offers:
    • HO-2
  • Industrial Banks in the US

  • Of the 4 core revenue-generating products and services in the Industrial Banks in the US industry, USAA Savings Bank offers:
    • Other
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USAA Savings Bank - Analyst Insights

USAA announced an acquisition to provide usage-based insurance

In June 2021, USAA Savings Bank (USAA) announced its plans to acquire Noblr Inc., a car insurance company, which would enable USAA to offer usage-based insurance. This insurance product offers lower premiums and a pay-as-you-go pricing model for customers, which is particularly important for the company’s key customer segment of military members who can be frequently deployed. As an attractive pricing model for customers, the acquisition is expected to continue to support USAA in providing personalized pricing and advance the company’s growth strategy through innovation of new insurance products.

Balance Sheet|Product Innovation|Labor|M&A|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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USAA Savings Bank - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on USAA Savings Bank's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Homeowners' Insurance in the US, and Industrial Banks in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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