Pekin Life Insurance Company Holds Annual Meeting
Pekin Life Insurance Company held its annual meeting on Tuesday, May 10, 2016, at the Company’s Home Office in Pekin, Illinois.
The Company reported net loss of $1.3 million. Premium income increased by 4.6 percent to $215.7 million. Life Insurance in force exceeded $16.2 billion in the year 2015.
At the meeting, shareholders elected directors Thomas C. Hornstein, Pekin, Illinois; Scott A. Martin, Peoria, Illinois; and Christine A. Schwartz, Pekin, Illinois, to three year terms to expire in May 2019.
Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Tremont, Illinois; Byron A. Dodd, Anna, Illinois; A. Richard Kriegsman, Pekin, Illinois; and Gordon M. Walker, Groveland, Illinois.
Pekin Life Insurance Company is an integral part of the Pekin Insurance® group of companies.
Pekin Life Insurance Company stock trades under the symbol “PKIN” and is listed on the OTC Pink Marketplace.
A multi-line company, Pekin Life Insurance Company offers individual life and group life and health products; including term, universal life, group medical, medicare supplement, annuity, credit insurance, debt protection, and pre-need coverages. Additionally, Pekin Life Insurance Company has a third party claims administration division, Group Plan Solutions, which is designed to provide employer-based, self-funded health plan administration.
Other products offered by the Pekin Insurance group include personal automobile, homeowners, motorcycle, recreational vehicle, boatowners, personal umbrella, commercial automobile, businessowners, commercial property and liability, workers compensation, commercial umbrella and bonds.