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Home > Company Index > Insurance > Life Insurance > InterContinental Life Corporation
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InterContinental Life Corporation |
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PROFILE |
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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 |
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Conseco, Inc. (CNC)
John Hancock Financial Services, Inc. (JHF)
Prudential Financial (dossier)
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FINANCIAL OVERVIEW |
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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 |
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Roy F. Mitte
CEO
James M. Grace
CFO
CONTACT INFO |
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701 Brazos, Ste. 1400
Austin, TX 78701
US
Phone: 512-404-5000
Fax: 512-404-5210
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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