| Business Summary | | Citizens
Financial
Corporation
is
a
holding
company
that
engages
primarily
in
the
business
of
life
insurance,
annuities,
and
accident
and
health
insurance
through
Citizens
Security
and
United
Liberty
Life
Insurance
Company
(collectively,
the
Life
Insurance
Subsidiaries).
The
Life
Insurance
Subsidiaries
offer
life,
fixed-rate
annuity
and
accident
and
health
insurance
products
to
individuals
and
groups
through
independent
agents.
The
Company
operates
in
five
segments:
home
service
life
insurance,
broker-sold
life
insurance
and
annuities,
preneed
life
insurance,
dental
insurance,
and
other
health
and
accident
insurance.
The
home
service
and
preneed
life
segments
provide
individual
coverages;
the
dental
segment
provides
group
coverages;
while
the
broker
life
and
other
health
segments
include
individual
and
group
insurance
coverages. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNFL
is
a
holding
company
that
engages
in
the
business
of
life
insurance,
annuities,
and
accident
and
health
insurance
through
Citizens
Security
and
United
Liberty
Life
Insurance
Company.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
32%
to
$14.1
million.
Net
loss
before
acct.
change
totalled
$2.8
million,
vs.
an
income
of
$3.7
million.
Results
reflect
$3.3
million
realized
loss
in
investment,
and
an
increase
in
net
benefit
reserves. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Darell Wells, 58 Pres
and Chief Exec. Officer, Director and Chairman | $7.0K | Brent Nemec, 46 CFO,
VP- Accounting & Treas. of the Company; Sr. VP- Accounting, CFO & Treas. of the Insurance Subsi | 111.7K | Lane Hersman, 49 Exec.
VP, COO of the Company; Pres and Chief | 128.8K | Robert Greenwood, 66 VP,
Operations, of the Company; Sr. VP, Operations of Citizens Security & United Libe | 108.2K | Stephen Marco, 50 VP
and Chief Actuary of the Company; Sr. VP & Chief Actuary of Citizens Security & Unite | 110.1K | 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
|
|