| Business Summary | | Vesta
Insurance
Group,
Inc.
is
a
holding
company
for
a
group
of
financial
services
companies
that
offer
a
wide
range
of
products
for
consumers.
During
1999
and
2000,
the
Company
exited
the
property-casualty
reinsurance
assumed
and
commercial
property-casualty
insurance
businesses
and
focused
its
efforts
on
personal
lines
insurance
products.
Its
remaining
standard
property-casualty
business
consists
primarily
of
personal
auto
and
homeowners
insurance
products
distributed
through
an
independent
agency
force.
In
2000,
the
Company
diversified
its
insurance
operations
through
investments
in
life
insurance,
accident
and
health
insurance
and
non-standard
auto.
The
Company's
primary
life
and
health
insurance
products
consist
of
traditional
life
products,
universal
life
products,
annuity
and
pension
contracts
and
related
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VTA
is
the
holding
company
for
a
group
of
property
and
casualty
insurance
companies
(the
Vesta
Group)
that
offer
treaty
reinsurance
and
primary
insurance
on
personal
and
commercial
risks.
For
the
six
months
ended
6/30/01,
revenues
rose
50%
to
$184.3
million.
Net
income
from
continuing
operations
before
extraordinary
items
applicable
to
Common
totalled
$10.2
million,
up
from
$2.3
million.
Results
reflect
the
acquisition
of
Aegis
Financial
Corporation,
and
higher
realized
investment
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Tait, 51 Chairman,
Exec. VP | $1.3M | Norman Gayle, III, 47 Pres,
CEO | 1.3M | William Cronin, 41 Sr.
VP, CFO, Treasurer | 549K | Donald Thornton, 53 Sr.
VP, Gen. Counsel, Sec. | 866K | K. Gerald Barron, 51 Sr.
VP- Personal Lines Underwriting Operations | 208K | 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
|
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