Pekin Life Insurance Co. announced unaudited earnings results for the first quarter ended March 31, 2012. For the period, the company reported investment income of $13,575,822 against $14,256,633 a year ago. Total income was $72,004,426 against $73,469,259 a year ago. Loss before income taxes and realized capital gains was $2,709,455 against income before income taxes and realized capital gains of $750,820 a year ago. Loss before realized capital gains was $1,959,455 income before realized capital gains of against $285,820 a year ago. Net loss was $179,486 against net income of $865,084 a year ago. Net loss before net realized capital gains per share was $0.11 against net income before net realized capital gains per share of $0.02 a year ago. Net loss per share was $0.01 against net income per share of $0.05 a year ago. Book value per share was $6.88 against $6.61 a year ago. The net loss for the first quarter of 2012 was due to the premium growth of 2.6% in the company's term and whole life insurance lines of business, increase of 3.6% and 3.8% in pre-need life and universal life premiums, respectively, the ongoing transition out of the individual major medical line which resulted in a decrease in this line's premium income during the first quarter of $5.0 million, or 63.8%, and a decrease of 1.3% in premium income for the first quarter of 2012 compared to last year. The Board of Directors of the company has declared a quarterly dividend of $0.03 per share payable on June 1, 2012, to shareholders of record April 30, 2012.