Presidential Life Corporation is an insurance holding company that, through its wholly owned subsidiary, Presidential Life Insurance Company (the Insurance Company), operates principally in a single reporting segment with two primary operating segments: individual annuities and individual life insurance. Presidential Life, through the Insurance Company, is licensed to market its product in 49 states and the District of Columbia. Approximately 51.7% of the Insurance Company’s sales during the year ended December 31, 2007, of annuity and life insurance products were made to individuals residing in the State of New York. Presidential Life also offers accident and health insurance products.
(Source: 10-K)
