Torchmark Corp (TMK.N) Company Profile | Reuters.com
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Profile: Torchmark Corp (TMK.N)

TMK.N on New York Stock Exchange

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Torchmark Corporation (Torchmark), incorporated on November 29, 1979, is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company's segments include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance. The Health insurance products are guaranteed-renewable and include Medicare Supplement, critical illness, accident, long-term care and limited-benefit supplemental hospital and surgical coverage's. Annuities include fixed-benefit contracts. The Company markets its insurance products through various distribution channels, each of which sells the products of its insurance segments. Its primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty National), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and Family Heritage Life Insurance Company of America (Family Heritage).

Life Insurance

Torchmark's insurance subsidiaries write a range of nonparticipating ordinary life insurance products. These include traditional and interest sensitive whole-life insurance, term life insurance and other life insurance. The distribution methods for life insurance products include sales by direct response, exclusive agents and independent agents. The Company's distribution channels include American Income Exclusive Agency, Globe Life Direct Response, Liberty National Exclusive Agency and Other Agencies. The American Income Exclusive Agency primarily focuses on marketing life insurance products to members of labor unions. The Direct Response Unit offers adult and juvenile life insurance through a range of direct-to-consumer marketing approaches, which include direct mailings, insert media and electronic media. The Liberty National Exclusive Agency markets individual and group life insurance to middle-income customers. The Other Agencies distribution channels offering life insurance includes the Military Agency, the United American Independent Agency, and various smaller distribution channels. Torchmark offers limited-benefit supplemental health insurance products that include primarily critical illness and accident plans.

Health Insurance

The Health insurance sold by Torchmark includes primarily Medicare Supplement insurance, critical illness coverage, accident coverage and other limited-benefit supplemental health products. The Company markets supplemental health insurance products through various distribution channels, including United American (UA) Independent Agency, Liberty National Exclusive Agency, American Income Exclusive Agency, Family Heritage Exclusive Agency and Direct Response. The UA Independent Agency consists of independent agencies appointed with Torchmark who may also sell for other companies. The Family Heritage Exclusive Agency primarily markets limited-benefit supplemental health insurance in non-urban areas. The Liberty Agency markets limited-benefit supplemental health products consisting primarily of critical illness insurance. Its other distribution channels market health products. The American Income Exclusive Agency primarily markets accident plans. The Direct Response group markets primarily Medicare Supplements to employer or union-sponsored groups.

Annuities

The Company's annuity products include single-premium and flexible-premium deferred annuities. The Company does not market annuity products, favoring instead protection-oriented life and health insurance products.

Investments

The Company manages its capital resources, including investments, debt and cash flow through the investment segment. It also has investments in equity securities and other long-term investments. Torchmark classifies all of its fixed maturity investments, which include bonds and redeemable preferred stocks, as available for sale. Torchmark's investments in fixed maturities are primarily composed of security types, including corporate securities, state and municipal securities, redeemable preferred stocks and the United States Government securities.

Company Address

Torchmark Corp

3700 SOUTH STONEBRIDGE DRIVE
MCKINNEY   TX   75070
P: +1972.5694000
F: +1972.5693282

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