January 19, 2017 8:11 PM ET


Company Overview of Colonial Penn Life Insurance Company

Company Overview

Colonial Penn Life Insurance Company provides life insurance products for men and women in United States. It offers guaranteed acceptance life insurance coverage for people aged between 50 to 85; and whole life insurance coverage for people aged between 40 to 75. Its plans are designed to help in paying for funeral and burial expenses, and to ease financial burdens at a difficult time. The company focuses on providing life insurance protection directly through mails, TV, call center, and the Web. It was formerly known as CONSECO Direct Life Insurance Company and changed its name to Colonial Penn Life Insurance Company in September 2002. The company was founded in 1879 and is based in Philade...

399 Market Street

Philadelphia, PA 19181

United States

Founded in 1879





Key Executives for Colonial Penn Life Insurance Company

Age: 49
Compensation as of Fiscal Year 2016.

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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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