Pekin Life Insurance Company held its annual meeting on Tuesday, May 10, 2011, at the Company’s Home Office in Pekin, Illinois.
The Company reported net income of $4.2 million. Premium income increased by less than
one percent to $245.8 million. Life Insurance in force exceeded $12.5 billion in the year
At the meeting, shareholders elected directors Steven R. Anderson, Loves Park, Illinois;
Byron A. Dodd, Anna, Illinois; and Gordon M. Walker, Groveland, Illinois, to three year
terms to expire in May 2014.
Other directors whose terms continue are: Craig W. Concklin, Hinsdale, Illinois; Scott A.
Martin, Peoria, Illinois; and Daniel V. Connell, Thomas C. Hornstein, A. Richard Kriegsman,
and Christine A. Schwartz, all of Pekin, Illinois.
On April 20, 2011, Pekin Life Insurance Company declared a quarterly dividend of $0.04 per
share payable June 1, 2011, to shareholders of record May 2, 2011. The Company has paid
dividends each year since June 1, 1976.
Pekin Life Insurance Company is an integral part of the Pekin InsuranceTM group of
Pekin Life Insurance Company stock trades under the symbol “PKIN” and is listed on the
OTCQB. Wells Fargo Advisors makes a market in the stock.
A multi-line company, Pekin Life Insurance Company offers individual life and group life and
health products; including term, universal life, group 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 www.pekininsurance.com.