SAN ANTONIO--(BUSINESS WIRE)--Apr 22, 2025--
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The updated release reads:
STRONG FINANCIAL PERFORMANCE REFLECTS USAA’S UNWAVERING COMMITMENT TO MEMBERS AND THE MILITARY COMMUNITY
Association added 1 million new members and continued to serve the military community and their families through enhanced products and services, advocacy and community support.
USAA today published its 2024 Annual Report to Members highlighting strong financial performance and growth, which demonstrate its longstanding commitment to serving the military community and their families. Last year, the association welcomed 1 million new members and empowered their financial security.
“USAA has served the military community and their families for more than a century, and we continue to demonstrate our commitment to delivering exceptional service and ability to evolve as our members’ needs change,” said Juan C. Andrade, USAA’s 12 th president and CEO who took the helm in early April. “Our association is strong and 2024 brought record growth to our membership and strength to our balance sheet. We will build on that strength in the years to come, fulfilling our commitments to each member, while continuing our investments in innovative products and technologies that enable us to serve members better and more proactively.”
USAA reported net income of $3.9 billion and improved its net worth to $32.1 billion, a 10% increase from 2023, further ensuring the financial strength necessary to serve members every day and through extraordinary events like Hurricanes Helene and Milton. Additionally, revenues increased by 14% to $48.6 billion as new and loyal members turned to USAA for insurance, banking and advice. Total assets grew by 4% to $221 billion, due in part to strong investment performance.
“In 2024, we delivered strong results, including continued profitability, thanks to our diversified business model and disciplined financial management,” added Andrade. “USAA navigated numerous events that impacted members by managing with a long-term view of what’s best for our association. With a solid capital foundation, we are well positioned to be there for members now and into the future.”
Additionally, the report shares how USAA continued to go beyond exceptional service and product offerings to serve the military community and local communities where USAA team members live and work, including:
USAA and its members also continued to serve local communities in 2024 by advocating for and supporting issues that matter the most to our military families.
To read the stories of how USAA supported its members and employees throughout 2024 and was a positive voice for change, visit usaa.com/annualreport.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and retirement solutions and serves 14 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 38,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or X (@USAA), or visit usaa.com.
USAA published its 2024 Annual Report to Members highlighting member and employee voices to recap the year.
WASHINGTON (AP) — President Donald Trump has affixed partisan plaques to the portraits of all U.S. commanders in chief, himself included, on his Presidential Walk of Fame at the White House, describing Joe Biden as “sleepy,” Barack Obama as “divisive” and Ronald Reagan as a fan of a young Trump.
The additions, first seen publicly Wednesday, mark Trump's latest effort to remake the White House in his own image, while flouting the protocols of how presidents treat their predecessors and doubling down on his determination to reshape how U.S. history is told.
“The plaques are eloquently written descriptions of each President and the legacy they left behind,” White House press secretary Karoline Leavitt said in a statement describing the installation in the colonnade that runs from the West Wing to the residence. “As a student of history, many were written directly by the President himself.”
Indeed, the Trumpian flourishes include the president’s typical bombastic language and haphazard capitalization. They also highlight Trump's fraught relationships with his more recent predecessors.
An introductory plaque tells passersby that the exhibit was “conceived, built, and dedicated by President Donald J. Trump as a tribute to past Presidents, good, bad, and somewhere in the middle.”
Besides the Walk of Fame and its new plaques, Trump has adorned the Oval Office in gold and razed the East Wing in preparation for a massive ballroom. Separately, his administration has pushed for an examination of how Smithsonian exhibits present the nation’s history, and he is playing a strong hand in how the federal government will recognize the nation's 250th anniversary in 2026.
Here's a look at how Trump's colonnade exhibit tells the presidential story.
Joe Biden is still the only president in the display not to be recognized with a gilded portrait. Instead, Trump chose an autopen, reflecting his mockery of Biden’s age and assertions that Biden was not up to the job.
Biden, who defeated Trump in the 2020 election and dropped out of the 2024 election before their pending rematch, is introduced as “Sleepy Joe” and “by far, the worst President in American History” who “brought our Nation to the brink of destruction.”
Two plaques blast Biden for inflation and his energy and immigration policy, among other things. The text also blames Biden for Russian President Vladimir Putin's invasion of Ukraine and asserts falsely that Biden was elected fraudulently.
Biden’s post-White House office had no comment on his plaque.
The 44th president is described as “a community organizer, one term Senator from Illinois, and one of the most divisive political figures in American History."
The plaque calls Obama's signature domestic achievement “the highly ineffective ‘Unaffordable Care Act."
And it notes that Trump nixed other major Obama achievements: “the terrible Iran Nuclear Deal ... and ”the one-side Paris Climate Accords."
An aide to Obama also declined comment.
George W. Bush, who notably did not speak to Trump when they were last together at former President Jimmy Carter's funeral, appears to win approval for creating the Department of Homeland Security and leading the nation after the terrorist attacks of Sept. 11, 2001.
But the plaque decries that Bush “started wars in Afghanistan and Iraq, both of which should not have happened.”
An aide to Bush didn’t return a message seeking comment.
The 42nd president, once a friend of Trump's, gets faint praise for major crime legislation, an overhaul of the social safety net and balanced budgets.
But his plaque notes Clinton secured those achievements with a Republican Congress, the help of the 1990s “tech boom” and “despite the scandals that plagued his Presidency.”
Clinton's recognition describes the North American Free Trade Agreement, another of his major achievements, as “bad for the United States” and something Trump would “terminate” during his first presidency. (Trump actually renegotiated some terms with Mexico and Canada but did not scrap the fundamental deal.)
His plaque ends with the line: “In 2016, President Clinton's wife, Hillary, lost the Presidency to President Donald J. Trump!”
An aide to Clinton did not return a message seeking comment.
The broadsides dissipate the further back into history the plaques go.
Republican George H.W. Bush, who died during Trump's first term, is recognized for his lengthy resume before becoming president, along with legislation including the Clean Air Act and Americans With Disabilities Act — despite Trump's administration relaxing enforcement of both. The elder Bush's plaque does not note that he, not Clinton, first pushed the major trade law that became NAFTA.
Lyndon Johnson’s plaque credits the Texas Democrat for securing the Civil Rights Act of 1964 and Voting Rights Act of 1965 (seminal laws that Trump’s administration interprets differently than previous administrations). It correctly notes that discontent over Vietnam led to LBJ not seeking reelection in 1968.
Democrat John F. Kennedy, the uncle of Trump's health secretary, Robert F. Kennedy Jr., is credited as a World War II “war hero” who later used “stirring rhetoric” as president in opposition to communism.
Republican Richard Nixon’s plaque states plainly that the Watergate scandal led to his resignation.
While Trump spared most deceased presidents of harsh criticism, he jabbed at one of his regular targets, the media — this time across multiple centuries: Andrew Jackson’s plaque says the seventh president was “unjustifiably treated unfairly by the Press, but not as viciously and unfairly as President Abraham Lincoln and President Donald J. Trump would, in the future, be.”
With two presidencies, Trump gets two displays. Each is full of praise and superlatives — “the Greatest Economy in the History of the World.” He calls his 2016 Electoral College margin of 304-227 a “landslide.”
Trump's second-term plaque notes his popular vote victory — something he did not achieve in 2016 — and concludes with “THE BEST IS YET TO COME.”
Meanwhile, the introductory plaque presumes Trump’s addition will be a White House fixture once he is no longer president: “The Presidential Walk of Fame will long live as a testament and tribute to the Greatness of America.”
Barrow reported from Atlanta.
New plaques of explanatory text have been placed underneath presidential portraits on the Colonnade at the White House, Wednesday, Dec. 17, 2025, in Washington. (AP Photo/Alex Brandon)
New plaques of explanatory text have been placed underneath presidential portraits on the Colonnade at the White House, Wednesday, Dec. 17, 2025, in Washington. (AP Photo/Alex Brandon)
New plaques of explanatory text have been placed underneath presidential portraits on the Colonnade at the White House, Wednesday, Dec. 17, 2025, in Washington. (AP Photo/Alex Brandon)
New plaques of explanatory text are seen beneath a framed portrait in the space for former President Joe Biden on the Presidential Walk of Fame on the Colonnade of the White House, Wednesday, Dec. 17, 2025, in Washington. (AP Photo/Mark Schiefelbein)
New plaques of explanatory text have been placed underneath presidential portraits on the Colonnade at the White House, Wednesday, Dec. 17, 2025, in Washington. (AP Photo/Alex Brandon)
