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February 09, 2016 6:25 AM ET

Insurance

Company Overview of Colonial Penn Life Insurance Company

Company Overview

Colonial Penn Life Insurance Company operates as a direct response life insurance company in the United States. The company specializes in life insurance products. Its products include guaranteed acceptance life insurance, whole life insurance, renewable term life insurance, and term life insurance products. The company was founded in 1879 and is based in Philadelphia, Pennsylvania. Colonial Penn Life Insurance Company operates as a subsidiary of Conseco Life Insurance Co. of Texas.

399 Market Street

Philadelphia, PA 19181

United States

Founded in 1879

Phone:

215-928-8000

Fax:

215-928-8710

Key Executives for Colonial Penn Life Insurance Company

President
Age: 48
Compensation as of Fiscal Year 2015.

Colonial Penn Life Insurance Company Key Developments

Colonial Penn Life Insurance Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Colonial Penn Life Insurance Company announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating income was $4.2 million compared to 3.8 million for the same period a year ago. EBIT was $4.2 million compared to $3.8 million for the same period a year ago. Total revenues were $77.6 million compared to $72.5 million for the same period a year ago. For the six months, the company reported LBIT was $1.7 million compared to $2.4 million for the same period a year ago.

Colonial Penn Announces Sales Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the First Quarter and Sales Guidance for the Full Year of 2015

Colonial Penn announced sales results for the fourth quarter and full year of 2014. Colonial Penn posted 6% sales growth in the quarter. The company posted 4% increase for the year. The company anticipates GAAP profitability in 2015 with normal seasonality resulting in an estimated EBIT loss in the $7 million range for the first quarter. The company expects full year 2015 sales growth in the 6% to 8% range.

Colonial Penn Life Insurance Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Colonial Penn Life Insurance Company announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported EBIT of USD was 3.8 million compared with USD 1.2 million for the same period a year ago. Pre-tax operating earnings in second quarter of 2014 compared to in second quarter of 2013 reflect continued growth in the in-force block, favorable policy benefits and a modest increase in the deferral of acquisition costs due to a slight shift to deferrable direct mail marketing activities. For the six months, the company reported LBIT of USD was 2.4 million compared with USD 4.2 million for the same period a year ago.

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