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Dallas IIA Torchmark Corporation September 6, 2012

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Dallas IIA

Torchmark Corporation

September 6, 2012

• Torchmark’s primary subsidiaries market life

insurance and supplemental health insurance

for middle income Americans through

multiple distribution channels including direct

mail, and exclusive and independent agencies.

Who is Torchmark?

• Torchmark is a insurance holding company

formed in 1979 through various acquisitions.

Page 3: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

• Torchmark Corporation is a public

company traded on the New York Stock

Exchange under the symbol TMK.

Who is Torchmark?

Page 4: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Our purpose is to help working class

families achieve financial protection

from adverse circumstances

Torchmark Mission Statement

Page 5: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Torchmark Affiliate Companies

Page 6: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Torchmark Affiliates have home offices and satellite

offices located in:

• McKinney, Texas (Headquarters)

• Omaha, Nebraska

• Birmingham, Alabama

• Oklahoma City, Oklahoma

• Waco, Texas

• Syracuse, New York

• Canada, New Zealand and Ireland

Torchmark Affiliate Offices

Page 7: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Torchmark Affiliates provide insurance in the

following countries:

• United States

• Canada

• New Zealand

• Ireland

Torchmark Affiliates

Page 8: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Torchmark Affiliate Employees

• 2,212 home office and satellite office employees

• 1,355 producing agents for Liberty National

• 5,318 producing agents for American Income Life

As of June 30 2012, Torchmark Affiliate

companies have:

Torchmark Corporation Financials

Total Premium:

2011: $2.7 billion

2010: $2.7 billion

Net Income:

2011: $518 million

2010: $517 million

Page 10: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Internal Audit Organization Chart

Page 11: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Role of Internal Audit

�Perform:

• IT, Financial, Operational and Integrated audits

• Sox and Model Audit Rule compliance reviews

• Assistance to external auditors

• Fraud investigation and reporting

• Quality Assurance Review process

• Key System Development Life Cycle (SDLC)

reviews

Page 12: Dallas IIA Torchmark Corporation - Chapters Site · 2012. 11. 29. · Torchmark Corporation Financials Total Premium: 2011: $2.7 billion 2010: $2.7 billion Net Income: 2011: $518

Role of Internal Audit

�Resource:

• Develop skills of auditors and assist them in rotating into areas of their interest in the company

• Assist areas needing specific expertise

• Internship program offered continuously

Ecobank reports audited full year 2015 results Year ended ... · - Gross earnings down 7% to $2.7 billion (up 11% to NGN 542.7 billion) - Operating profit before impairment losses

About - Torchmark

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Torchmark Corporation