have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . june 2012 learn how and when to remove this template message torchmark corporation type public traded as nyse tmk s & p 500 component industry life insurance founded 1900 in birmingham alabama u.s. headquarters mckinney texas key people gary coleman and larry hutchison co ceos revenue us 3 771.938 million 2013 1 us 3 589.516 million 2012 1 operating income us 788.804 million 2013 1 us 753.592 million 2012 1 net income us 528.472 million 2013 1 us 529.324 million 2012 1 total assets us 18 191.744 million 2013 2 us 18 776.91 million 2012 1 total equity us 3 776.342 million 2013 2 us 4 361.786 million 2012 1 number of employees 2 360 3 website https www.torchmarkcorp.com torchmark corporation founded in 1900 in birmingham alabama and based in mckinney texas is a financial services holding company listed on the new york stock exchange which operates through its wholly owned subsidiaries providing life insurance annuity and supplemental health insurance products . torchmark corporation markets insurance products using multiple distribution channels which include direct response exclusive agency and independent systems . the company maintains a large operation in birmingham alabama . 4 subsidiaries edit liberty national life insurance company mckinney texas globe life and accident insurance company oklahoma city oklahoma united american insurance company mckinney texas first united american life insurance company syracuse new york american income life insurance company waco texas family heritage life insurance company of america mckinney texas history edit the original core of torchmark liberty national life insurance company was founded in 1900 as the heralds of liberty a fraternal benefit society . liberty national was headquartered in birmingham alabama until 2006 when it moved to mckinney texas along with the parent company . 5 in 1980 liberty national acquired globe life and accident insurance company and formed the holding company torchmark corporation . 6 in 1981 tmk acquired united investors life insurance company uil united american insurance company and waddell and reed financial . 7 in 1992 tmk was added to the s & p 500 index of the largest publicly traded companies in the united states . in 1994 tmk acquired american income life insurance company ; 6 in 1998 tmk spun off waddell and reed financial a mutual fund subsidiary . 8 in 2006 tmk began moving its headquarters from birmingham al to mckinney tx . 5 in 2010 tmk sold united investors life insurance company uil to protective life corporation . 9 in 2012 tmk acquired family heritage life insurance company of america fhl . 10 on february 5 2014 torchmark s subsidiary globe life purchased the naming rights of globe life park in arlington formerly rangers ballpark in arlington the home of major league baseball s texas rangers baseball club located in arlington tx . 11 in august 2001 a mutual fund company filed a civil racketeering suit against torchmark corp. which accused torchmark corp. and its former chief executive of scheming to continue control over waddell & reed financial inc. after torchmark spun it off in 1998 . 12 however in a series of orders dated february 20 2003 august 20 2004 and september 28 2004 the united states district court for the northern district of kansas later granted summary judgment against plaintiff waddell & reed and in favor of torchmark and the other defendants named in the action . 13 references edit a b c d e f g h torchmark corp 2013 annual report form 10 k xbrl . united states securities and exchange commission . february 28 2014 . a b torchmark corp 2014 q1 quarterly report form 10 q xbrl . united states securities and exchange commission . may 9 2014 . http finance.yahoo.com q pr s tmk best s insurance reports life health united states & canada 2008 edition volume ii . a b torchmark moves headquarters to mckinney . retrieved 29 june 2015 . a b best s insurance reports life health united states & canada 2008 edition volume i history of waddell and reed . retrieved 29 june 2015 . tmk spins off waddell and reed . retrieved 29 june 2015 . tmk subsidiary sells united investors life insurance company . retrieved 29 june 2015 . tmk buys family heritage . retrieved 29 june 2015 . espn rangers sell stadium naming rights . retrieved 29 june 2015 . spinoff company sues for racketeering . see waddell & reed financial inc. v. torchmark corp. et al 337 f.supp . 2d 1243 d. kan. 2004 civ.a . no. 01 2372 khv in the united states district court for the district of kansas . retrieved from https en.wikipedia.org w index.php title torchmark & oldid 736776527 categories companies listed on the new york stock exchangecompanies established in 1900companies based in mckinney texastorchmark corporation subsidiarieshidden categories wikipedia articles with possible conflicts of interest from june 2012pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol edit links this page was last modified on 29 august 2016 at 19 39 . text is available under the creative commons attribution sharealike license ; 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