July 23, 2016 5:33 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

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.

Washington National Announces Sales Results for the Fourth Quarter and Full Year of 2014; Provides Sales Guidance for the Full Year of 2015

Washington National announced sales results for the fourth quarter and full year of 2014. Sales were flat in the quarter but up 6% for the year. For the year, when excluding this particular partner, overall sales were up 6%. Sales were up 9% on this basis. For the year 2015, the company expects sales growth of 5% to 7%, along with continued growth in PMA agency force of 8% to 10%, benefiting from greater availability of new products and programs targeted to increase productivity and retention.

Washington National Insurance Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Washington National 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 32.3 million compared with USD 35.8 million for the same period a year ago. Pre-tax operating earnings in second quarter of 2014 compared to in second quarter of 2013 were down USD 3.5 million, or 10%, primarily resulting from elevated loss ratios in the supplemental health block and an increased allocation of overhead expenses; partially offset by favorable annuity margins. For the six months, the company reported EBIT of USD was 63.4 million compared with USD 69.8 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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