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Profile - Ascent Assurance, Inc. (OTC BB:AASR.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Insider
Location
110 West Seventh Street, Suite 300
Fort Worth, TX 76102
Phone: (817) 878-3300
Fax: (817) 878-3480
Email: hilliardr@wbccorp.com
Employees (last reported count): 650
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Miscellaneous)
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 75%
·Institutional: 1% (6% of float)
(6 institutions)
·Net Inst. Buying: 42.0K shares (+30.88%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Ascent Assurance, Inc. is an insurance holding company engaged in the development, marketing, underwriting and administration of medical expense and supplemental health insurance products, primarily to self-employed individuals and small business owners. The Company's revenues result primarily from premiums and fees from the insurance products sold by its wholly owned life and health insurance subsidiaries, National Foundation Life Insurance Company (NFL), Freedom Life Insurance Company of America (FLICA), National Financial Insurance Company (NFIC) and American Insurance Company of Texas (AICT). The Company's products include comprehensive major medical products, hospital/surgical major medical products and supplemental specified disease products.
More from Market Guide: Expanded Business Description

Financial Summary
Ascent Assurance, Inc. is an insurance holding Co. engaged in the development, marketing, underwriting and administration of medical expense and supplemental health insurance products. For the six months ended 6/30/01, revenues rose 10% to $79.6 million. Net loss applicable to Common rose 18% to $3.2 million. Revenues benefited from an increase in major medical product premiums. Net loss reflects an increase in claims and administrative expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Patrick Mitchell, 42
Chairman, Pres, CEO, Chief Operating Officer
$433K
Patrick O'Neill, 50
Exec. VP, Gen. Counsel and Sec.
305K
Cynthia Koenig, 44
Sr. VP, CFO and Treasurer
185K
Konrad Kober, 42
Sr. VP and CAO
182K
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
Statistics at a Glance -- OTC BB:AASR.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 5-Jan-2001
$0.75 
Recent Price$1.45 
52-Week High
on 1-Sep-2000
$2.625
Beta1.78 
Daily Volume (3-month avg)1,636 
Daily Volume (10-day avg)3,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-44.8%
52-Week Change
relative to S&P500
-25.9%
Share-Related Items
Market Capitalization$9.43M
Shares Outstanding6.50M
Float1.60M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 25-Aug-1983
Per-Share Data
Book Value (mrq)$0.46 
Earnings (ttm)-$3.39 
Earnings (mrq)-$0.23 
Sales (ttm)$24.10 
Cash (mrq)$0.14 
Valuation Ratios
Price/Book (mrq)3.14 
Price/EarningsN/A 
Price/Sales (ttm)0.06 
Income Statements
Sales (ttm)$156.7M
EBITDAN/A 
Income available to common (ttm)-$22.0M
Profitability
Profit Margin (ttm)-12.3%
Operating Margin (ttm)-8.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-11.51%
Return on Equity (ttm)-207.93%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)6.70 
Total Cash (mrq)$942.0K
Short Interest
As of 10-Aug-1998
Shares Short427.0K
Percent of Float8.9%
Shares Short
(Prior Month)
437.0K
Short Ratio18.57 
Daily Volume23.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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