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Stephens Insurance Records Sales of $1.9 Million with Dillard’s in Past Fiscal Year

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Dillard’s Inc. of Little Rock spent $1.9 million in fiscal 2016 with Warren Stephens’ Stephens Insurance LLC. The Little Rock retailer has to disclose business dealings with its directors, which Stephens has been since 2002. Stephens is the chairman, CEO and president of Stephens Inc. of Little Rock and owns Stephens Insurance.

According to Dillard’s annual proxy statement, released earlier this month, Stephens Insurance received commissions from third parties of approximately $1.9 million for the sale of insurance policies to Dillard’s employees. That was the same amount as last year. Of that amount, Dillard’s paid $104,000 in commissions on premiums for employee insurance programs.

Stephens received $100,000 in fees and stock awards of $114,150 for serving on Dillard’s board last year.

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