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A.M. Best Affirms Financial Strength Ratings

Posted by on Jun 16, 2015 in News

The Farmers Automobile Insurance Association and Pekin Insurance Company Ratings A.M. Best has affirmed the Financial Strength Rating (FSR) of “A” (Excellent) of Pekin Insurance Group and our two intercompany pool members, The Farmers Automobile Insurance Association and its wholly owned subsidiary, Pekin Insurance Company. The outlook for the FSR continues to be stable. Financial Strength Ratings are published in A.M. Best’s Insurance Reports and represent their independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The affirmed rating reflects Pekin Insurance Group’s solid risk-adjusted capitalization, conservative investment risk profile, consistently favorable loss reserve trends, and well-established agency relationships. Improved technology reflected by our use of By-Peril based rating in the Homeowners line was noted as a competitive advantage.At the same time, A.M. Best has affirmed our Issuer Credit Rating...

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Pekin Life Insurance Company Holds 50th Annual Meeting

Posted by on May 13, 2015 in News

Pekin Life Insurance Company held its annual meeting on Tuesday, May 12, 2015, at the Company’s Home Office in Pekin, Illinois.The Company reported net income of $5.9 million. Premium income decreased by 9.1 percent to $206.2 million. Life Insurance in force exceeded $15.2 billion in the year 2014.At the meeting, shareholders elected directors Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; and A. Richard Kriegsman, Pekin, Illinois, to three year terms to expire in May 2018. Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Byron A. Dodd, Anna, Illinois; Scott A. Martin, Peoria, Illinois; Thomas C. Hornstein and Christine A. Schwartz, both from Pekin, Illinois; and Gordon M. Walker, Groveland, Illinois.On April 15, 2015, Pekin Life Insurance Company declared a quarterly dividend of $0.01 per share payable June 1, 2015, to shareholders of...

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Pekin Insurance® Partners with Pro Golfer to Support St. Jude Children’s Research Hospital

Posted by on Apr 2, 2015 in News

For the fourth consecutive year, Pekin Insurance has teamed up with professional golfer D.A. Points to raise money for St. Jude Children’s Research Hospital. The program is called “Birdies for St. Jude.” It allows participants to pledge a specific amount of money for every birdie and/or eagle D.A. Points achieves during the 2015 golf season.Pekin Insurance and D.A. Points have championed this cause to support the fight against childhood diseases. D.A. Points commented, “Every day I watch my children play, sleep, eat, laugh, and do all the things that normal children would do. I know I take it for granted, but when I hear about the children of St. Jude who fight for their lives every day, I realize how thankful I am that my children are healthy. However, we never know when the tide may turn, and I...

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Pekin Insurance® Holds Annual Meeting

Posted by on Feb 13, 2015 in News

The Farmers Automobile Insurance Association held its annual meeting on Tuesday, February 10, 2015, at their Home Office in Pekin, Illinois.The following directors were elected for three year terms: Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois, and A. Richard Kriegsman, Pekin Illinois.Subscribers elected Craig W. Concklin, Hinsdale, Illinois; and A. Richard Kriegsman, Pekin, Illinois, to the Advisory Committee.Pekin Insurance officers elected included: Scott A. Martin, Chairman of the Board, President, and Chief Executive Officer; Steven R. Anderson, Vice Chairman of the Board; Daniel V. Connell, Senior Vice President, Chief Financial Officer, and Secretary; Todd A. Clark, Senior Vice President and Chief Operating Officer – Property/Casualty; Brian K. Lee, Senior Vice President and Chief Operating Officer – Life; Curtis A. Eeten, Vice President – Claims; Gregory L. Feller, Vice President – Sales; Joel M. Jackson, Vice President...

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Pekin Life Insurance Company Celebrates 50-Year Anniversary

Posted by on Jan 5, 2015 in News

In 1965, an idea became a reality. A Life Insurance company built on the philosophy that people come first. Today, that commitment continues with Pekin Life Insurance Company proudly celebrating 50 years in the Life Insurance industry. As we look back over that 50 year history, we are extremely proud of our ability to take care of our customers at their time of need, our commitment to the local community and our business accomplishments.First opening our doors with a staff of three, we now boast a staff of over 125 talented employees who perform the vital functions that have led to the following impressive statistics: Over $15 billion of Life Insurance in force In excess of $215 million in annual premium income. Over 195,000 policyholders. A portfolio of over 25 different products ranging from Individual Life Insurance to Group...

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Pekin Insurance® Agencies Helped Support the Honor Flight Network

Posted by on Dec 18, 2014 in News

Pekin Insurance® agencies are honoring those who served in our military by supporting the Honor Flight Network, which recognizes American veterans for all their sacrifices. Several hundred independent insurance agents participated in the annual Tour of Honor Contest sponsored by Pekin Insurance.For every life insurance application submitted, money was donated to the Honor Flight Network which transports veterans to Washington, D.C., to visit and reflect at their memorials. This is a small tribute to those who gave so much. Thanks to the combined efforts of the Pekin Insurance independent agency force, the company donated $20,000 to this cause.Pekin Insurance and its independent agencies thank the men and women who made the sacrifice and commitment to fight for the freedom and safety of our country.In business since 1921, Pekin Insurance offers multiple lines of insurance in Arizona, Illinois, Indiana, Iowa,...

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