Torchmark Corporation Declares Dividend And Announces Election Of Three New Board Members

MCKINNEY, Texas, March 1, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has raised the quarterly dividend to $.16 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on April 3, 2018.  The dividend will be paid on May 1, 2018.

Torchmark Corporation also announced today that Linda L. Addison, Immediate Past Managing Partner and former Chair of the US Management Committee of Norton Rose Fulbright US LLP, Cheryl D. Alston, Executive Director and Chief Investment Officer, Employees' Retirement Fund of the City of Dallas, Texas ("ERF"), and Mary E. Thigpen, Chief Executive Officer and Director of OpsDataStore, were elected to its Board of Directors on February 26, 2018.

Ms. Addison holds an undergraduate degree from the University of Texas and a J.D. degree from the University of Texas School of Law.  As a global business leader with more than three decades of practical experience, she brings a broad array of skills to the Board, including expertise in corporate governance, accounting, technology, strategic planning, risk assessment and risk management, compensation/benefits oversight and marketing. 

Ms. Alston holds an undergraduate degree from the Wharton School of Business - University of Pennsylvania and an M.B.A. from New York University.  With a career spanning more than twenty years in the financial services industry, including positions at ERF, Cigna Corporation and Chase Global Securities, she brings to the Board significant experience in the areas of strategic planning, investment management, asset allocation, corporate governance, finance and budget administration.

Ms. Thigpen holds an undergraduate degree from Clemson University. She provides expertise in technology, analytics, international business, as well as, strategic planning, corporate governance and marketing developed as a result of her time as a Chief Executive Officer at OpsDataStore and North Plains and through senior leadership positions at Cox Communications, BearingPoint, Arthur Andersen LLP and Hewlett Packard, as well as her own consultancy practice.

Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies.  Torchmark has several nationally recognized insurance subsidiaries.  Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies.  American Income Life provides individual life insurance to working families.  Liberty National Life is one of the oldest traditional life insurers in the Southeast.  United American is a consumer-oriented provider of supplemental life and health insurance.  Family Heritage Life provides individual supplemental health insurance.

 

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