Torchmark Corporation · McKinney, TX United States ·(NYSE: TMK)
Company Description
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This link will open in a new window Torchmark aims to be a beacon in the world of insurance. It is the holding company for a family of firms; its member companies specialize in lower-end individual life insurance, supplemental health insurance, and annuities. Torchmark subsidiaries, which include flagship
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Key Torchmark Corporation Financials
| Company Type | Public - NYSE: TMK Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $3,326.9 |
| 2008 Employees | 3,605 |
Torchmark Corporation Executives
27 executives listed for Torchmark Corporation's McKinney, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Mark McAndrew | Network |
| EVP and CFO | Gary Coleman | Network |
| VP and Chief Accounting Officer | Danny Almond | Network |
Competition
Competitive Landscape for Torchmark Corporation
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Torchmark Corporation Competitors
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