BNET Industries

Financial Industries Corp.

(FNIN.PK) is in the Financial Services Industry

Last Fiscal Year Sales:$76.8M
  • Public
  • US
Dow Jones Description

Founded in 1968 and headquartered in Austin, TX, Financial Industries Corporation (OTC: FNIN) is the holding company for Investors Life Insurance Company of North America. The company underwrites, markets and services life insurance products. It markets in most US states and sells through exclusive and independent agents and brokers. The company has annual revenue of about $106 million and employs about 100 people. In June 2005, it sold River Place Pointe, a commercial office building project located in Austin, TX.

Chief Executive OfficerWilliam B. Prouty
Number of Employees 266
Contact Information

6500 River Place Blvd.

Building 1

Austin, Texas 78730-1123

ficgroup.com

512-404-5000

NAICS Code Direct Life Insurance Carriers: 524113

News & Analysis

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Additional Resources

  • Demos, industry battle over consumer protection

    - 2009-06-25

    WASHINGTON -- Democrats are pressing the Obama administration to find a way out of the foreclosure crisis as they move ahead with plans to create a government agency that would police the market for risky or deceptive mortgages. The agenda has the financial industry nervous that it...

  • Fortune 500 US Property & Casualty Insurance Company Selects CIC's eSignature Server Solution

    - 2009-06-23

    CIC Provides 2009 Outlook REDWOOD SHORES, Calif., June 23 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: CICI) Communication Intelligence Corporation ("CIC"), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today that a leading...

  • Sagem-Interstar Unveils Another Cisco AXP IP Fax Success Story at Cisco Live 2009

    - 2009-06-23

    Editors Note: Two photos and a video are included with this press release on Marketwire's website. Sagem-Interstar Inc. Sagem Communications , the global leader in advanced IP fax server solutions ( www.sagem-interstar.com ), will be unveiling yet another XMediusFAX AXP customer success story at the Cisco Live! 2009 conference...

Decision Makers

Name (plus bio) Position
William B. Prouty Chief Executive Officer
Charles B. Cooper COO
Jeffrey Demgen Chief Marketing & Sales Officer
Michael P. Hydanus Executive Vice President & Chief Operations Officer
Vincent Kasch CFO
William J. McCarthy Senior Vice President & Chief Actuary
Theodore Fleron General Counsel, Vice President & Secretary
Thomas Richmond Vice President, Operations, Secretary & Director
Benton T. Summers Senior V P, Sales & Marketing
Jennifer L. Robinson General Counsel

Board of Directors

Name (plus bio) Position
Eugene J. Woznicki Chairman
John Barnett Board of Directors
Kenneth J. Shifrin Board of Directors
Kenneth S Shifrin Board of Directors
Lonnie Steffen Board of Directors
Patrick E. Falconio Board of Directors
Richard H. Gudeman Board of Directors
Robert A. Nikels Board of Directors
Sylvia T. McDaniel Board of Directors
Organization Position Status
Financial Industries Corporation Chief Executive Officer Current
Annuity.Com CIO Former
Baltimore Life Insurance Company Inc. Chief Information Officer Former
Annuity.Com Senior Vice President Former
Harvard Pilgrim Health Care, Inc. Senior Vice President of Customer Service Former
Miami University B.S. In Corporate Finance Former
Organization Position Status
Financial Industries Corporation COO Current
Organization Position Status
Financial Industries Corporation Chief Marketing & Sales Officer Current
Organization Position Status
Financial Industries Corporation Executive Vice President & Chief Operations Officer Current
Sage Consulting Group President Former
Annuity.Com COO Former
Baltimore Life Insurance Company Inc. Chief Information Officer Former
Annuity.Com Senior Vice President Former
Sage Consulting Group Executive Consultant Former
Lakeland College B.A. In Business Administration Former
Organization Position Status
Financial Industries Corporation CFO Current
Texas Mutual Insurance Company Senior Vice President Former
National Western Life Insurance Company Vice President, Controller and Assistant Former
KPMG International Audit Manager Former
Texas A&M University B.B.A. in Accounting Former
Organization Position Status
Financial Industries Corporation Senior Vice President & Chief Actuary Current
Organization Position Status
Financial Industries Corporation General Counsel, Vice President & Secretary Current
Organization Position Status
Financial Industries Corporation Vice President, Operations, Secretary & Director Current
Organization Position Status
Financial Industries Corporation Senior V P, Sales & Marketing Current
Organization Position Status
Financial Industries Corporation General Counsel Current
Fic Director Former
Pepperdine University MBA Former
Southwestern University B.A. in Business Management Former
Organization Position Status
Penn Treaty American Corporation Chairman & CEO Current
Financial Industries Corporation Chairman Current
National Health Administrators, Inc. President Former
National Health Administrators, Inc. Vice President Former
Widener University Former

John D. Barnett, 65, has been a director of FIC since July 1991. He has served on several committees of the Board, including the Audit Committee. He currently serves on the Investment Committee and the Nominations/Governance Committee. He is Senior Vice President-Investments of Investment Professionals, Inc., a broker-dealer located in San Antonio, Texas. He has been with Investment Professionals since 1996. From February 1999 to July 2003 he was a principal in that firm and headed its Fixed Income Division. Previously, from 1983 to 1996, Mr. Barnett was associated with Prudential Securities, Inc., where he served both institutional and individual clients. At the time he left Prudential, he was First Vice President-Investments. He has completed the NASD registered principal and investment advisor examination requirements and holds life and health insurance and variable annuity licenses. Mr. Barnett is a director of a non-profit organization. He is a graduate of Howard Payne University and earned an M.A. degree from Texas State University.

Organization Position Status
Investment Professionals, Inc. Senior Vice President Current
Innovative Alternatives, Inc Director of Mediation Services Current
Investment Professionals, Inc. Principal Current
Innovative Alternatives, Inc Project Leader Current
Financial Industries Corporation Board of Directors Current
University of Houston-Clear Lake Licensed Professional Counselor Former
Fic Director Former
University of Houston-Clear Lake Masters Degree In Clinical Psychology Former
Southwest Texas State University M.A. degree Former
The University of Houston Masters Degree In Clinical Psychology Former
Southwest Texas State University Bachelors Degree In Psychology Former
Howard Payne University Former
Organization Position Status
Financial Industries Corporation Board of Directors Current

Kenneth S. Shifrin has been our Chairman of the Board since March 1990. Mr. Shifrin has been our Chief Executive Officer since March 1989 and he was our President from March 1989 until April 2007. He was also our Chief Operating Officer from June 1987 to February 1989, and has been a member of the Board of Directors since February 1987. From February 1985 until June 1987, Mr. Shifrin served as our Senior Vice President - Finance and Treasurer. He is a member of the World Presidents Organization.

Organization Position Status
American Physicians Service Group, Inc. Chairman & CEO Current
Financial Industries Corporation Board of Directors Current
Financial Industries Corporation Chairman of the Board and Chief Executive Officer Former
Prime Medical Services, Inc. Chairman Former
The Ohio State University Former
Organization Position Status
Financial Industries Corporation Board of Directors Current
Northern Illinois University bachelors degree Former
Northern Illinois University bachelors degree Former
Organization Position Status
Penn Treaty American Corporation Board of Directors Current
Legacy Securities Corp Board of Directors Current
Financial Industries Corporation Board of Directors Current
Lincoln Financial, LLC Chief Investment Officer Former
Aegon USA, Inc. Executive Vice President Former
Aegon Executive Vice President Former
Lincoln Financial, LLC Senior Vice President Former
Financial Industries Corporation Chairman Former
The University of Georgia M.B.A. Former
Duquesne University Ab Former
Organization Position Status
Financial Industries Corporation Board of Directors Current
SunGard Insurance Systems, Inc. Executive Vice President Former
Washington National Insurance Co. Actuary Former
Country Life Insurance Company actuary Former
Northeastern University masters degree Former
Illinois State University bachelors degree Former
Organization Position Status
Financial Industries Corporation Board of Directors Current
The Lincoln National Life Insurance Co. senior vice president of product management Former
The Lincoln National Life Insurance Co. actuarial student Former
University of Illinois Masters Degree Former
Bradley University Bachelors Degree Former

Ms. McDaniel obtained her law degree at Mississippi College. She also obtained her undergraduate degree from Mississippi College where she graduated Summa Cum Laude and was on the Dean's List each semester. Ms. McDaniel is a member of the State Bar of Texas and the State Bar of California.

Organization Position Status
Financial Industries Corporation Board of Directors Current
Mississippi College Undergraduate Degree Former

Executive News

  • American Physicians Service Group, Inc. Declares Sixth Annual Common Stock Dividend; Announces Election of Directors

    Yahoo! Canada - 6/04/09 - View Story

  • American Physicians Service Group, Inc. Declares Sixth Annual

    Market Wire via MSN Money - 6/04/09 - View Story

  • American Physicians Service Group, Inc.: American Physicians Service Group, Inc. Declares Sixth Annual Common Stock Dividend; Announces Election of Directors

    Market Wire - 6/04/09 - View Story

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