February 27, 2015 1:12 AM ET

Insurance

Company Overview of Bankers Life and Casualty Company Inc.

Company Overview

Bankers Life and Casualty Company Inc. offers health and life insurance products to the pre- and post-retirement market in the United States. It offers a range of insurance products, including Medicare supplement insurance, long-term care/home healthcare insurance, life insurance, annuities, Medicare's prescription drug coverage plans, and Medicare private fee-for-service health plans. The company offers its products through career agents. Bankers Life and Casualty Company Inc. was formerly known as Hotel Men’s Mutual Benefit Association and changed its name to Bankers Life and Casualty Company Inc. in 1942. The company was founded in 1879 and is based in Chicago, Illinois with additional of...

111 East Wacker Drive

Suite 2100

Chicago, IL 60601-4508

United States

Founded in 1879

Phone:

312-396-6000

Fax:

312-396-5952

Key Executives for Bankers Life and Casualty Company Inc.

President
Age: 44
Senior Vice President of Underwriting and New Business
Senior Vice President of Marketing and Business Development
Age: 44
Vice President of The Long Term Care Business
Senior Vice President of Sales
Compensation as of Fiscal Year 2014.

Bankers Life and Casualty Company Inc. Key Developments

Bankers Life Announces Sales Results for the Fourth Quarter of 2014; Provides Earnings Guidance for the Full Year of 2015

Bankers Life announced sales results for the fourth quarter of 2014. Sales in the quarter were flat, putting up 1% for the year. The company expects sales to increase 3% to 5%. In the company, the company has about $500 million of interest sensitive life reserves where model refinements, mortality and interest rate adjustments netted to a $6 million EBIT positive in the period.

Bankers Life and Casualty Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Bankers Life and Casualty 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 87.4 million compared with USD 79.1 million for the same period a year ago. Pre-tax operating earnings in second quarter of 2014 compared to second quarter of 2013 were up USD 8.3 million, or 10%. Pre-tax operating earnings included approximately USD 2 million of overhead expenses. For the six months, the company reported EBIT of USD was 171.6 million compared with USD 141.2 million for the same period a year ago.

Bankers Life and Casualty Company Launches Life Start

Bankers Life and Casualty Company has launched Life Start, a juvenile whole life insurance product. Face amounts range from $10,000 up to $50,000, with issue ages for children 0-16. Premium rates guaranteed for the life of the policy, or in five, 10 or 20 year payments start as low as $12/month. Optional riders available on the policy include a Guaranteed Insurability Benefit, providing the right to purchase new permanent life policies at specific option dates without furnishing evidence of insurability; and a Payor Benefit Rider, providing for waiver of premium on juvenile policies due to death or disability.

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Private Placement
April 8, 2014
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