| Penn Treaty American Corporation (PTA:NYSE)
through its wholly owned direct and indirect subsidiaries,
Penn Treaty Network America Insurance Company, American Network
Insurance Company, American Independent Network Insurance
Company of New York, United Insurance Group Agency, Inc.,
Network Insurance Senior Health Division and Senior Financial
Consultants Company, is primarily engaged in the underwriting,
marketing and sale of individual and group accident and health
insurance products, principally covering long-term nursing
home and home health care. PTA is licensed to conduct business
in 50 states and the District of Columbia. |
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Approximate Employees: 350
FYE 12/31
|
2002
|
2001
|
2000
|
1999
|
|
Net Revenues ($000)
|
457,553
|
382,417
|
393,269
|
326,825
|
|
Net Income ($000)
|
(30,438)
|
(48,589)
|
22,750
|
21,320
|
|
Net Income Percent Change (%)
|
na
|
na
|
6.71
|
na
|
|
Profit Margin (%)
|
na
|
na
|
5.78
|
6.52
|
|
Shareholders Equity ($000)
|
155,180
|
192,796
|
188,062
|
158,685
|
|
Return Shareholders Equity (%)
|
na
|
na
|
14.34
|
13.52
|
|
Shareholders Equity/Share
|
8.07
|
13.53
|
18.85
|
15.42
|
|
Earnings per share
|
(1.58)
|
(3.41)
|
2.61
|
2.40
|
|
Shares Outstanding (000)
|
19,240
|
14,248
|
9,976
|
10,293
|
Company reported for the second
quarter ended 6/30/03 earnings of $23,116,000 or $0.32 per
share on revenues of $78,707,000 vs. earnings of $11,918,000
or $0.57 per share on revenues of $83,906,000 for the same
period last year.
Company reported for the six months ended 6/30/03 earnings
of $26,172,000 or $0.43 per share on revenues of $162,285,000
vs. a net loss of $(6,860,000) or $(0.36) per share on revenues
of $168,142,000 for the same period last year. |
|
COMPANY CONTACT: Michael Grill, Treasurer;
(800) 222-3469
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