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Home > Company Index > Insurance > Life Insurance > Summit Life Corporation

Summit Life Corporation
OTC: SUMC
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 PROFILE
Summit Life is trying to get to the top with very small steps. The company targets small, marginal insurance firms for acquisition, then tries to streamline administration and boost investment yields (about 50% of the company's revenues come from investment activities). Subsidiary Great Midwest Life Insurance offers permanent and term life insurance and annuities designed for small businesses and middle-income individuals in Oklahoma and Texas. Chairman and CEO James Smith and his son, president and COO Charles Smith, co-founded the company and collectively own more than 60%.

 COMPETITION
The Allstate Corporation (ALL)
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.60
1-Yr. Sales Growth: (29.7)%
Employees: 5
Revenue per employee: $120,000.00

 KEY PEOPLE
• James L. Smith
    CEO
• Quinton L. Hiebert
    CFO

 CONTACT INFO
3021 Epperly Dr.
Oklahoma City, OK 73155
US
Phone: 405-677-0781
Fax: 405-677-4953

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