Life Insurance Company Of Alabama
LINS
Other OTC44.01
USD
- -
- -
ISIN
US5318641066
CUSIP
531864106
Return %
Stock
S&P500
1Y
83.30
26.53
3Y
-74.85
76.60
5Y
-53.67
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Clarence William Daugette
- Full Time Employees
- 87
- Sector
- Financial Services
- Industry
- Insurance - Life
- Address
- 302 Broad Street Gadsden AL United States of America 35901
- IPO Date
- May 17, 1994
- Website
- licoa.com
- Similar Companies
- Business
- Life Insurance Company of Alabama (LINS) operates as a life insurance company focused on supplemental health and life products for middle-income Americans in the southeastern United States. The company offers life insurance; accident insurance; cancer insurance; critical illness insurance; dental insurance; disability insurance; hospital indemnity insurance; and vision and hearing insurance, with products designed to integrate with primary coverage and pay benefits directly to policyholders during times of need. It emphasizes voluntary supplemental products marketed through worksite programs, targeting employers seeking affordable group rates amid rising health care costs, and maintains leadership in this distribution channel for over 25 years. Founded in 1952 by Colonel Clarence W. Daugette Jr. and headquartered at 302 Broad Street in Gadsden, Alabama, the company serves 12 states including Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. Life Insurance Company of Alabama holds over $100 million in assets, employs approximately 70 people, and maintains strong financial ratings from A.M. Best and Standard Analytical Service. It has paid hundreds of millions of dollars in policyholder benefits since inception, including more than $38 million in the past two years. The company reports its greatest profitability ever under President Clarence W. Daugette III and Executive Vice President/Chief Marketing Officer Raymond R. Renfrow Jr., with no major acquisitions, partnerships, funding rounds, or strategic shifts announced in 2024 or 2025. A.M. Best revised its issuer credit rating outlook to stable in late 2025 following a 2024 net loss from elevated life insurance death benefits. Life Insurance Company of Alabama continues steady operations without recent reorganizations or product launches.