| | Business Summary | | Presidential
Life
Corporation
is
an
insurance
holding
company
that,
through
its
wholly
owned
subsidiary
Presidential
Life
Insurance
Company
(the
Insurance
Company),
offers
two
primary
lines
of
business-individual
annuities
and
individual
life
insurance.
Each
of
its
products
is
designed
to
meet
the
needs
of
increasingly
sophisticated
consumers
for
supplemental
retirement
income,
estate
planning
and
protection
from
unexpected
death.
The
Company,
through
the
Insurance
Company,
is
licensed
to
market
its
products
in
48
states
and
the
District
of
Columbia.
Approximately
52%
of
the
Company's
fiscal
2000
annuity
and
life
insurance
products
were
sold
to
individuals
residing
in
the
State
of
New
York. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PLFE,
an
insurance
holding
company,
is
engaged
in
the
life
insurance
and
annuities
business
via
wholly-owned
subsidiary,
Presidential
Life
Insurance
Co.
For
the
six
months
ended
6/30/01,
revenues
rose
14%
to
$161.6
million.
Net
income
fell
41%
to
$12.4
million.
Results
reflect
increased
annuity
considerations
due
to
the
expansion
of
the
marketing
force,
offset
by
higher
level
of
policyholder
account
balance
and
increasead
commissions
paid. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Herbert Kurz, 81
Chairman
and Pres of the Company and Chairman and CEO of the Insurance Company | $673K | Donald Barnes, 57
Pres
of the Insurance Company | 187K | Stanley Rubin, 58
CIO
and Exec. VP of the Insurance Company | 238K | Jerrold Scher, 59
Sr.
VP and Chief Actuary of the Insurance Company | 188K | Marilyn Shenn, 55
Sr.
VP of Information Technology of the Insurance Company. | 112K | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/plfe.gif)