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First Trinity Financial Corporation (FTFC) |
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Price: $0.0000
$0.00 
%
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| Day's High:
| 0.00
| Week Perf:
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| Day's Low: |
$ 0.00 |
30 Day Perf: |
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| Volume (M): |
0 |
52 Wk High: |
$ 0.00 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$0.00 |
| Open: |
$0.00 |
52 Wk Low: |
$0.00 |
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| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
9 |
| Employees |
9 |
| Revenues (TTM) (Millions $) |
77 |
| Net Income (TTM) (Millions $) |
9 |
| Cash Flow (TTM) (Millions $) |
19 |
| Capital Exp. (TTM) (Millions $) |
0 |
First Trinity Financial Corporation
First Trinity Financial Corporation is the parent holding company of Trinity
Life Insurance Company (“TLIC”), Family Benefit Life Insurance Company
(“FBLIC”) and First Trinity Capital Corporation (“FTCC”).
The Company was incorporated in Oklahoma on April 19, 2004, for the primary
purpose of organizing a life insurance subsidiary.
The Company owns 100% of TLIC. TLIC owns 100% of FBLIC. TLIC and FBLIC are primarily
engaged in the business of marketing, underwriting and distributing a broad
range of individual life insurance products and annuity contracts to individuals.
TLIC’s and FBLIC’s current product portfolio consists of a modified
premium whole life insurance policy with a flexible premium deferred annuity
rider, whole life, term, final expense, accidental death and dismemberment policies
and annuity contracts. The term products are both renewable and convertible
and issued for 10, 15, 20 and 30 years. They can be issued with premiums fully
guaranteed for the entire term period or with a limited premium guarantee. The
final expense is issued as either a simplified issue or as a graded benefit,
determined by underwriting. The TLIC and FBLIC products are sold through independent
agents.
TLIC is licensed in the states of Illinois, Kansas, Kentucky, Nebraska, North
Dakota, Ohio, Oklahoma and Texas. FBLIC is licensed in the states of Alabama,
Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana,
Michigan, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, North
Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah,
Virginia and West Virginia.
The Company owns 100% of FTCC that was incorporated in 2006, and began operations
in January 2007. FTCC provided financing for casualty insurance premiums for
individuals and companies and was licensed to conduct premium financing business
in the states of Alabama, Arkansas, Louisiana, Mississippi and Oklahoma. FTCC
currently has no operations other than minor premium refunds and collections
of past due accounts and accounts involved in litigation.
Our business segments are as follows:
Life insurance operations, consisting of the life insurance operations of TLIC
and FBLIC;
Annuity operations, consisting of the annuity operations of TLIC and FBLIC and
Corporate operations, which includes the results of the parent company and FTCC
after the elimination of intercompany amounts.
Our Life Insurance and Annuity Operations consists of issuing ordinary whole
life insurance, modified premium whole life with an annuity rider, term, final
expense and accidental death and dismemberment policies and annuity contracts.
The policies can be issued with premiums fully guaranteed for the entire term
period or with a limited premium guarantee. The final expense is issued as either
a simplified issue or as a graded benefit, determined by underwriting.
Company Address: 7633 East 63rd Place, Suite 230 Tulsa 74133 OK
Company Phone Number: 249-2438 Stock Exchange / Ticker: FTFC
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Customers Net Income grew by |
FTFC's Customers Net Profit Margin fell to |
0.8 % |
16.16 %
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| Stock Performances by Major Competitors |
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| First Trinity Financial Corp
In an exciting turn of events, the stock market has been buzzing with news of the remarkable profits achieved by the Life Insurance company in the most recent earnings season. The first quarter of 2024 has proved to be a highly successful period for the company, as it recorded astounding growth figures and outperformed many of its peers.
One of the most noteworthy accomplishments for the Life Insurance company was the significant increase in income per share, which surged by an impressive 76.77% to reach $0.19 per share. This remarkable growth is a testament to the outstanding financial performance and strategic decision-making of the company's management team.
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| First Trinity Financial Corp
First Trinity Financial Corp experienced a bewildering financial quarter in 2023, with diverse results impacting various aspects of its operations. The company witnessed both positive and negative developments in its profit per share, revenue growth, earnings, and operating margins. This article will delve into the implications of these figures and speculate on their potential impact on the company moving forward.
Profitability and Revenue Growth:
In the fourth quarter of 2023, First Trinity Financial Corp recorded a remarkable 34.43% increase in profit per share, reaching $0.23 per share. Additionally, their revenue demonstrated solid growth, rising by 16.42% to $19.76 million when compared to the same period in the previous year. These positive figures suggest that the company enjoyed successful investment ventures and a robust portfolio during this quarter.
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| First Trinity Financial Corp
First Trinity Financial Corp, a Life Insurance company, delivered impressive financial results for the period ending September 30, 2023. Let's analyze the facts to gain a better understanding of their performance.
Revenue:
First Trinity Financial Corp achieved $20.25 million in revenue, showing a significant increase of 19.051% compared to the previous year. Moreover, revenue advanced by 12.176% quarter on quarter, indicating strong growth in this period.
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| First Trinity Financial Corp
First Trinity Financial Corp, a leading player in the Life Insurance industry, reported double-digit revenue growth of 16.169% in the financial second quarter of 2023, reaching $18.05 million. This represents a modest profitability increase of 2.99% to $0.16 per share compared to the previous year.
While this growth is certainly positive, it falls short of the industry average. Life Insurance industry peers experienced an average top-line surge of 26.08% from the same reporting season last year. Despite this, First Trinity Financial Corp's earnings per share (EPS) saw a significant leap of 47.95% from $0.11 per share in the previous reporting season. Furthermore, revenue also experienced a healthy surge of 2.063% from $17.69 million.
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| First Trinity Financial Corp
In the first quarter of 2023, First Trinity Financial Corp delivered a solid performance, with a return on asset (ROA) of 1.29%. This is higher than the company's average ROA of 0.76%, which indicates that FTFC effectively utilized its assets to generate profits. Although the net income of the company declined, FTFC's ability to improve its ROA from the previous quarter can be seen as a positive sign.
However, FTFC faces competition in the financial sector, as 526 other companies had a higher return on assets, which highlights the need for FTFC to continue to improve its performance. Nevertheless, the overall ranking for ROA for FTFC improved, moving up from 2608 to 1880. This suggests that the company is performing better compared to other companies in the sector.
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| Per Share |
Current |
| Earnings (TTM) |
0.91 $ |
| Revenues (TTM) |
8.1 $
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| Cash Flow (TTM) |
1.99 $ |
| Cash |
44.09 $
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| Book Value |
6.97 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
|
| Earnings (TTM) |
0.91 $
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| Revenues (TTM) |
8.1 $ |
| Cash Flow (TTM) |
1.99 $ |
| Cash |
44.09 $
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| Book Value |
6.97 $ |
| Dividend (TTM) |
0 $ |
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| Life Insurance Operations |
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 67.7 % |
of total Revenue |
| Annuity Operations |
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29.02 % |
of total Revenue |
| Corporate Segment |
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3.28 % |
of total Revenue |
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33.42% 