| Business Summary | | ARM
Financial
Group,
Inc.
(ARM)
specializes
in
the
asset
accumulation
business,
with
particular
emphasis
on
retirement
savings
and
investment
products.
The
Company's
earnings
are
derived
from
investment
spread
(the
difference
between
income
earned
on
investments
and
interest
credited
on
customer
deposits)
and
fee
income.
The
Company's
retail
products
include
fixed,
indexed
and
variable
annuities
and
face-amount
certificates
sold
through
a
broad
spectrum
of
distribution
channels
including
independent
broker-dealers,
independent
agents,
stockbrokers
and
financial
institutions.
ARM
offers
institutional
products,
such
as
funding
agreements
and
GICs
(guaranteed
investment
contracts),
directly
to
bank
trust
departments,
plan
sponsors,
cash
management
funds,
corporate
treasurers
and
other
institutional
investors.
ARM
markets
and
services
its
products
primarily
through
its
subsidiaries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ARM
Financial
specializes
in
the
asset
accumulation
business,
providing
retail
and
institutional
customers
with
products
and
services
designed
to
serve
the
long-term
savings
and
retirement
markets.
For
the
nine
months
ended
9/99,
revenues
rose
7%
to
$71
million.
Net
loss
applicable
to
Com.
from
continuing
operations
totalled
$57.4
million
vs.
income
of
$18.7
million.
Revenues
reflect
higher
investment
income.
Net
loss
reflects
the
inclusion
of
a
$16.1
million
write-off
of
intangible
assets
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998
Compensation | | Pay | Exer | |
| John Lindholm, 50 Director;
Pres of Retail Bus. Division | $568K | $499K | Edward Zeman, 44 Exec.
VP, CFO | 367K | -- | William Panning, 54 Exec.
VP and CIO | -- | -- | John McGeeney, 42 Exec.
VP and Gen. Counsel | -- | -- | Dennis Carr, 49 Exec.
VP and Chief Actuary | 389K | -- | Dollar
amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|