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Profile - Summit Life Corporation (OTC BB:SUMC.OB)
As of 31-Aug-2001
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Location
3021 Epperly Dr., P.O. Box 15808
Oklahoma City, OK 73155
Phone: (405) 677-0781
Fax: (405) 677-4953
Employees (last reported count): 5
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Life)
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Ownership
·Insider and 5%+ Owners: 63%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Summit Life Corporation is an insurance holding company. The Company's primary focus is its life insurance operations, although historically it has also provided residential mortgage loan processing services to individuals and financing to medical accounts receivable factoring entities. As of December 31, 2000, the Company had approximately 817 life insurance policies and annuity contracts outstanding and individual life insurance in force of approximately $14 million. Through its insurance subsidiary, the Company offers a portfolio of permanent and term life products as well as flexible premium and single premium annuities designed to meet the needs of its customers for supplemental retirement income, estate planning and protection from unexpected death. The target niche is middle-income individuals, families and small businesses throughout its marketing territory.
More from Market Guide: Expanded Business Description

Financial Summary
SUMC, through its subsidiary, Great Midwest Life Insurance Company, offers individual life insurance and annuity products in LA, OK and TX. For the six months ended 6/30/01, revenues rose 30% to $496 thousand. Net loss applicable to Common rose 4% to $116 thousand. Revenues reflect higher investment income and net premium income. Net loss was partially offset by increased expenses due to reserve increases associated with the new business written by the Company.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

James Smith, 62
Chairman and CEO
$15K
Charles Smith, 42
Pres, COO
--  
Quinton Hiebert, 42
CFO, VP, Sec.
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:SUMC.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 26-June-2001
$0.10 
Recent Price$0.75 
52-Week High
on 21-June-2001
$1.05 
Daily Volume (3-month avg)0 
Daily Volume (10-day avg)0 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-25.0%
52-Week Change
relative to S&P500
+0.6%
Share-Related Items
Market Capitalization$1.84M
Shares Outstanding2.45M
Float900.0K
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$0.10 
Earnings (ttm)-$0.20 
Earnings (mrq)$0.02 
Sales (ttm)$0.30 
Cash (mrq)$0.63 
Valuation Ratios
Price/Book (mrq)7.56 
Price/EarningsN/A 
Price/Sales (ttm)2.46 
Income Statements
Sales (ttm)$686.0K
EBITDAN/A 
Income available to common (ttm)-$456.0K
Profitability
Profit Margin (ttm)-59.2%
Operating Margin (ttm)-59.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-6.41%
Return on Equity (ttm)-195.88%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.29 
Total Cash (mrq)$1.53M
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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