| Business Summary | | American
Physicians
Capital,
Inc.
(APCapital)
is
an
insurance
holding
company
that
writes
primarily
medical
professional
liability
insurance
through
its
subsidiaries,
American
Physicians
Assurance
Corporation,
Insurance
Corporation
of
America
and
APSpecialty
Insurance
Corporation.
It
also
provides
workers'
compensation
insurance
and,
on
a
limited
basis,
health
coverage.
APCapital
also
owns
APFinancial
Group,
a
financial
services
group
of
companies.
As
of
December
31,
2000,
the
Company
insured
approximately
13,000
physicians
in
14
states,
with
a
concentration
in
the
Midwest.
APCapital
has
developed
and
acquired
a
variety
of
other
organizations
to
offer
financial
services
and
consulting
to
its
customers.
These
services
include
captive
insurance
company
arrangements,
loss
control
consulting,
risk
management,
investment
management
and
the
development
of
a
direct
distribution
channel
to
its
products
and
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ACAP
is
a
medical
professional
liability
insurance
company
servicing
health
care
providers
in
13
states
throughout
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
15%
to
$123.7
million.
Net
income
rose
33%
to
$8.6
million.
Revenues
reflect
an
increase
in
medical
professional
liability
and
workers'
compensation
net
premiums
due
to
rate
increases
and
higher
investment
income.
Net
income
also
reflects
the
absence
of
demutualization
and
restructuring
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Cheeseman, 59 Pres,
CEO, Director | $1.2M | Frank Freund, 40 CFO,
VP, Treasurer | 421K | Stephen Byrnes, 59 VP
and CMO of APA | 309K | Robert Kellogg, 46 VP
and COO of APA | 333K | Margo Runkle, 42 VP
and Chief HR Officer of APA | 250K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|