Monday, May 17, 2010

Pekin Life Insurance Company Holds Annual Meeting

Pekin Life Insurance Company held its annual meeting on Tuesday, May 11, 2010, at the company’s home office in Pekin, Illinois.

The Company reported net loss of $2.7 million. Premium income increased by 16 percent to $245.4 million. Life Insurance in force exceeded $11.8 billion in the year 2009.

At the meeting, shareholders elected directors Thomas C. Hornstein, Pekin, Illinois; Scott A. Martin, Peoria, Illinois; and Christine A. Schwartz, Pekin, Illinois, to three year terms to expire in May 2013.

Other directors whose terms continue are: Steven R. Anderson, Loves Park, Illinois; Craig W. Concklin, Hinsdale, Illinois; Daniel V. Connell, Pekin, Illinois; Byron A. Dodd, Anna, Illinois; A. Richard Kriegsman, Pekin, Illinois; and Gordon M. Walker, Groveland, Illinois.

On April 21, 2010, Pekin Life Insurance Company declared a quarterly dividend of $0.05 per share payable June 1, 2010, to shareholders of record April 30, 2010. The Company has paid dividends each year since June 1, 1976.

Pekin Life Insurance Company is an integral part of the Pekin Insurance™ group of companies.

Pekin Life Insurance Company stock trades under the symbol “PKIN” and is listed on the Bulletin Board.  Wells Fargo Advisors makes a market in the stock.

A multi-line company, Pekin Life Insurance Company offers individual and group life and health products; including term, universal life, major medical, medicare supplement, annuity, credit insurance, debt protection, and pre-need coverages.

Other products offered by the Pekin Insurance group include automobile, homeowners, motorcycle, recreational vehicle, boatowners, commercial automobile, businessowners, commercial property and liability, workers compensation, and bonds.

Pekin Insurance offers insurance coverages in Illinois, Indiana, Iowa, Ohio, and Wisconsin through its independent agency network.

Information about Pekin Life Insurance Company can be obtained by visiting our Internet website at
http://www.pekininsurance.com/.

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