March 29, 2017 3:09 PM ET

Insurance

Company Overview of Washington National Insurance Company

Company Overview

Washington National Insurance Company provides supplemental health and life insurance products. The company provides retirement, life insurance, and college saving solutions. The company was founded in 1923 and is based in Carmel, Indiana. Washington National Insurance Company operates as a subsidiary of CDOC, Inc.

11815 North Pennsylvania Street

Carmel, IN 46032

United States

Founded in 1923

Phone:

317-817-6100

Fax:

317-817-2326

Key Executives for Washington National Insurance Company

Senior Vice President of Investments
Compensation as of Fiscal Year 2016.

Washington National Insurance Company Key Developments

Bankers Conseco Life Insurance Company and Washington National Insurance Company Announces Termination of Reinsurance Agreements with Beechwood Re

Bankers Conseco Life Insurance Company and Washington National Insurance Company announced that they are terminating reinsurance agreements with Beechwood Re and recapturing approximately $550 million of closed block long-term care liabilities. BCLIC and WNIC sent written notice to Wilmington Trust, N.A., as trustee to the reinsurance trusts, that BCLIC and WNIC exercised their rights to immediately withdraw all assets from the trusts, and instructed Wilmington to deliver the assets to custodial accounts of BCLIC and WNIC. They gave written notice to BRe that they are terminating their reinsurance agreements with BRe, effective immediately. They recently expanded the scope of the audit to include additional Level 3 investments with a reported amount of approximately $90 million. They commenced an arbitration proceeding and demanded emergency relief, specifically, that BRe provide immediate access to certain documents and information regarding the trust assets, which will allow the audit of the aforementioned Level 3 investments to be concluded. They are also seeking compensatory, consequential and punitive damages from BRe as part of the arbitration.

Washington National Insurance Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Washington National 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 $20.1 compared to $32.3 million for the same period a year ago. EBIT was $20.1 million compared to $32.3 million for the same period a year ago. Total revenues were $223.0 million compared to $228.7 million for the same period a year ago. For the six months, the company reported EBIT was $48.6 million compared to $63.4 million for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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