Pekin Life Insurance Company Holds 47th Annual Meeting
Pekin Life Insurance Company held its annual meeting on Tuesday, May 8, 2012, at the Company’s Home Office in Pekin, Illinois.
The Company reported net income of $3.1 million. Premium income decreased by 8.7 percent to $224.4 million. Life Insurance in force exceeded $13.0 billion in the year 2011.
At the meeting, shareholders elected directors Craig W. Concklin, Hinsdale, Illinois; and Daniel V. Connell and A. Richard Kriegsman, both of Pekin, Illinois, to three year terms to expire in May 2015.
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 of Pekin, Illinois; and Gordon M. Walker, Groveland, Illinois.
On April 18, 2012, Pekin Life Insurance Company declared a quarterly dividend of $0.03 per share payable June 1, 2012, to shareholders of record April 30, 2012. The Company has paid dividends each year since June 1, 1976.
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 OTCQB. Wells Fargo Advisors makes a market in the stock.