| 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 |
| | | | 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
|
|