CHICAGO–(BUSINESS WIRE)–Aug. 20, 1999–Unitrin, Inc. announced today that it has been informed that the wife of Dr. Henry E. Singleton, a Unitrin director and Unitrin’s largest shareholder, has acquired voting and dispositive power over Dr. Singleton’s shares in Unitrin pursuant to a power of attorney granted to her, and that such shares have been transferred to a living trust, the sole trustee of which is Mrs. Singleton. These actions, which are being undertaken because of the recent ill health of Dr. Singleton, place approximately 20% of the outstanding common stock of Unitrin under the control of Mrs. Singleton.
Unitrin’s subsidiaries are engaged in three businesses: property and casualty insurance, life and health insurance and consumer finance.
CONTACT: Unitrin Inc., Chicago
Scott Renwick, 312/661-4930
INDUSTRY KEYWORD: INSURANCE