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1961 Horatio Alger Award Winner

John D. MacArthur*

Bankers Life & Casualty Company

"There is no one way to achieve success."

The son of a pastor and one of eight children, John MacArthur worked school days at odd jobs to supplement his family's income. When he finished elementary school, his first full-time job was as a timekeeper in a foundry. At 17, he went to England and joined the Royal Air Force, serving as a pilot throughout World War I. At the end of the war, MacArthur moved to Chicago and worked as a newspaperman. Later he went into the insurance business. Early in 1929, he organized his first company and managed it well enough to survive the Depression. In 1935, he borrowed $2,500 and acquired the nearly bankrupt Bankers Life and Casualty Company. In only two years, he built the company from 144th place in the insurance industry to ninth place.

* Deceased