| Business Summary | | First
Commonwealth
Corp.
is
an
insurance
holding
company
that
sells
insurance
products
through
its
insurance
subsidiaries.
The
Company's
principal
market
is
the
Midwestern
United
States.
The
Company's
dominant
business
is
individual
life
insurance,
which
includes
the
servicing
of
existing
insurance
business
in
force,
the
solicitation
of
new
individual
life
insurance
and
the
acquisition
of
other
companies
in
the
insurance
business.
At
December
31,
2000,
significant
majority-owned
subsidiaries
and
affiliates
of
the
Company
included
Universal
Company
Life
Insurance
Company,
Appalachian
Life
Insurance
Company,
Abraham
Lincoln
Insurance
Company,
and
United
Trust
Group,
Inc.
and
its
subsidiaries,
Roosevelt
Equity
Corporation
and
North
Plaza
of
Somerset,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Commonwealth
Corp.
is
an
insurance
holding
company
whose
subsidiaries
are
principally
engaged
in
selling
individual
life
insurance
in
the
Midwestern
United
States.
For
the
six
months
ended
6/30/01,
total
revenues
fell
9%
to
$17.2
million.
Net
income
totaled
$1.2
million,
up
from
$190
thousand.
Revenues
reflect
reduced
premiums
earned
due
to
the
Company
writing
little
new
business.
Earnings
reflect
the
absence
of
costs
related
to
the
resignation
of
the
CEO. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Melville, 55 Pres,
COO, Director | $238K | Theodore Miller, 38 Sr.
VP, CFO, Treasurer | -- | Brad Wilson, 49 Sr.
VP, CIO | 164K | 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
|
|