| Business Summary | | Penn
Treaty
American
Corp.
is
a
provider
of
long-term
care
insurance
in
the
United
States.
The
Company
markets
its
products
primarily
to
older
persons
throughout
the
United
States
through
independent
insurance
agents.
The
Company's
principal
products
are
individual,
defined
benefit
accident
and
health
insurance
policies
covering
long-term
skilled,
intermediate
and
custodial
nursing
home
and
home
healthcare.
The
Company
also
owns
insurance
agencies
that
sell
senior-market
insurance
products
underwritten
by
others
and
by
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PTA
provides
long-term
nursing
home
and
home
health
care
insurance,
marketed
nationwide
to
senior
citizens
via
independent
insurance
agents,
and
underwritten
through
four
subsidiaries.
For
the
six
months
ended
6/30/01,
total
revenues
increased
6%
to
$202.6
million.
Net
loss
fell
99%
to
$94
thousand.
Revenues
reflect
increased
renewal
long-term
care
premiums
from
a
larger
base
of
in-force
policies.
Earnings
were
offset
by
higher
benefits
paid
and
lower
deferred
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Irving Levit, 71 Chairman,
Pres, CEO | $589K | Cameron Waite, 40 CFO | 146K | Jim Heyer, 37 COO | 130K | A. Carden, 68 Exec.
VP | 104K | William Hunt, 41 Sr.
VP-Fin. | -- | 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
|
|