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Home > Company Index > Insurance > Accident & Health Insurance > Penn Treaty American Corporation

Penn Treaty American Corporation
NYSE: PTA
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 PROFILE
Penn Treaty American provides long-term nursing home and health care insurance to people age 65 and over. These long-term care policies account for about 95% of the company's premiums, but Penn Treaty American also offers accident, health, life, and blue-collar disability insurance, as well as policies that supplement Medicare benefits. The company's insurance products are underwritten by its subsidiaries and are marketed nationwide by a network of some 40,000 independent agents. To avoid regulator takeover, the company is raising cash by selling its New York unit. Chairman Irving Levit owns about a quarter of Penn Treaty American.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 393.30
1-Yr. Sales Growth: 20.3%
Employees: 364
Revenue per employee: $1,080,494.51

 KEY PEOPLE
• Irving Levit
    CEO
• Cameron B. Waite
    CFO

 CONTACT INFO
3440 Lehigh St.
Allentown, PA 18103
US
Phone: 610-965-2222
Fax: 877-582-3299
Online: Web Site

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