| Business Summary | | Acap
Corporation
is
a
life
insurance
holding
company.
Its
wholly
owned
subsidiary,
American
Capitol
Insurance
Company,
is
a
life
insurance
company
licensed
in
34
states
and
the
District
of
Columbia.
Acap
primarily
engages
in
the
acquisition
and
servicing
of
existing
blocks
of
insurance
policies.
The
Company
also
markets
a
small
volume
of
final
expense
insurance
and
pre-arranged
funeral
service
contracts.
Through
its
life
insurance
subsidiaries,
Acap
maintains
individual
Medicare
supplement
health
policies
and
a
broad
portfolio
of
individual
life
insurance
policies
and
annuity
contracts.
The
policies
serviced
by
Acap
are
primarily
traditional
whole
life
policies,
interest-sensitive
whole
life
policies,
term
life
policies,
stipulated
premium
whole
life
policies,
flexible
premium
annuity
contracts
and
Medicare
supplement
policies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Acap
Corporation
is
a
life
insurance
holding
company
focusing
on
the
acquisition
of
existing
life
insurance
policies
through
direct
purchase/acquisition
of
insurance
companies.
For
the
three
months
ended
3/31/01,
revenues
rose
3%
to
$5.6
million.
Net
loss
applicable
to
Common
totalled
$191
thousand,
up
from
$35
thousand.
Revenues
benefitted
from
an
increase
in
life
segment
policy
benefits.
Higher
loss
reflects
an
increase
in
policy
benefits. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| William Guest, 68 Chairman,
Director and Pres | $247K | John Cornett, 41 Exec.
VP, Treasurer | 153K | H. Kathleen Musselwhite, 43 Assistant
Treasurer and Sec. | -- | Dollar amounts are as of 31-Dec-1999 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
|
|