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Home > Company Index > Insurance > Life Insurance > InterContinental Life Corporation

InterContinental Life Corporation
 PROFILE
Advertising, selling, recruiting -- to hell with all that! InterContinental Life buys other life insurance companies, slashes costs through centralization, and collects the continuing premiums. This strategy, pioneered by Conseco, is more profitable than writing new policies. Its portfolio includes universal life and health insurance policies and annuities -- an area in which the company actively markets itself. Mortgage insurer Financial Industries has bought the 55% it didn't already own of InterContinental Life. Chairman and CEO Roy Mitte heads both companies and they share offices and officers.

 COMPETITION
Conseco, Inc. (CNC)
John Hancock Financial Services, Inc. (JHF)
Prudential Financial (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 103.80
1-Yr. Sales Growth: (0.4)%
Employees: 326
Revenue per employee: $318,404.91

 KEY PEOPLE
• Roy F. Mitte
    CEO
• James M. Grace
    CFO

 CONTACT INFO
701 Brazos, Ste. 1400
Austin, TX 78701
US
Phone: 512-404-5000
Fax: 512-404-5210

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