July 25, 2014 12:09 AM ET

Insurance

Company Overview of United Life Insurance Company

Company Overview

United Life Insurance Company offers Life Insurance products. The company's products include Annuities, Universal Life Insurance, Whole Life Insurance, Term Life Insurance, as well as Riders. The company was founded in 1962 and is based in Cedar Rapids, Iowa. United Life Insurance Company operates as a subsidiary of United Fire & Casualty Company.

118 Second Avenue SE

Cedar Rapids, IA 52407-3909

United States

Founded in 1962

Phone:

800-637-6318

Fax:

888-726-9736

Key Executives for United Life Insurance Company

President
Age: 52
Chief Operating Officer and Vice President
Age: 53
Assistant Vice President of Marketing
Compensation as of Fiscal Year 2014.

United Life Insurance Company Key Developments

United Life Insurance Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

United Life Insurance Company announced unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company has reported income before income taxes of $2.33 million and net income of $1.36 million on total revenues of $34.55 million compared to income before income taxes of $2.63 million and net income of $1.66 million on total revenues of $32.42 million in the same period last year. Net premiums earned were $16.18 million against $13.2 million reported last year. Investment income, net of investment expenses was $17.03 million against $18.29 million reported last year. Net cash outflow related to annuity business was $5.3 million compared to a net cash inflow of $3.6 million a year ago. For the six months, the company has reported income before income taxes of $6.12 million and net income of $3.91 million on total revenues of $69.57 million compared to income before income taxes of $6.27 million and net income of $4.12 million on total revenues of $64.78 million in the same period last year. Net premiums earned were $30.92 million against $25.64 million reported last year. Investment income, net of investment expenses was $35.54 million against $36.62 million reported last year. Net cash outflow related to annuity business was $5.6 million compared to a $2.6 million a year ago.

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