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AMERICAN TRAVELLERS CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 AMERICAN TRAVELLERS CORPORATION ANNOUNCES SECOND QUARTER RESULTS
 BENSALEM, Pa., Aug. 13 /PRNewswire/ -- American Travellers Corporation (NASDAQ: ATVC) today announced its financial results for the quarter ended June 30, 1992.
 Total revenues increased to $35,084 compared to $30,697 in the second quarter of 1991. Net investment income increased to $2,094 for the quarter compared to $2,009 for the same period a year ago. Net income for the quarter increased to $2,797, or $.27 per share, compared to $2,564, or $.25 per share, for the second quarter of 1991. For the six months ended June 30, 1992, total revenues increased to $71,751 compared to $56,252 for the first half of 1991. Net investment income for the first six months of 1992 increased to $4,208 compared to $4,074 for the first six months of 1991. Net income for the first half of 1992 rose to $6,004, or $.58 per share, compared to $5,238, or $.51 per share, for the same period in 1991.
 According to American Travellers' Chairman of the Board John A. Powell, the company's increases in revenues and net income are a result of an increase in the company's internally generated premium base and the acquisitions that occurred during 1991. Powell noted that earnings growth for the quarter was moderated by higher lapses in the company's Medicare Supplement product line, which has historically been less profitable than its long-term care business. These lapses resulted in an increase in the amortization of the deferred acquisition costs associated with the Medicare Supplement business.
 American Travellers Corporation is engaged through its subsidiaries in the underwriting and sale of individual supplemental accident and health insurance policies primarily covering long-term care (skilled, intermediate and custodial nursing home care). The company also offers hospital care and Medicare Supplement policies. The company has been admitted to 43 states plus the District of Columbia and the U.S. and British Virgin Islands, and has pending license applications in three additional states.
 AMERICAN TRAVELLERS CORPORATION
 (In thousands, except per-share data)
 Second quarter ending
 June 30 1992 1991 Percent change
 Revenues $35,084 $30,697 14.3
 Net income 2,797 2,564 9.1
 EPS $.27 $.25 8.0
 Average weighted
 number of shares 10,431 10,376 .5
 Six months ended
 June 30 1992 1991 Percent change
 Revenues $71,751 $56,252 27.6
 Net income 6,004 5,238 14.6
 EPS $.58 $.51 13.7
 Average weighted
 number of shares 10,433 10,332 1.0
 AMERICAN TRAVELLERS CORPORATION AND SUBSIDIARIES
 Consolidated Statements of Income
 (Unaudited; in thousands except per-share data)
 Three months ended June 30 1992 1991
 REVENUES:
 Accident and health premiums $32,402 $28,026
 Life premiums 588 662
 Net investment income 2,094 2,009
 Total revenues 35,084 30,697
 BENEFITS AND EXPENSES:
 Benefits to policyholders 16,084 14,376
 Commissions 10,239 10,297
 General and administrative 6,216 5,063
 Amortization of deferred policy
 acquisition costs 5,562 4,298
 Less: Policy acquisition costs
 deferred (7,255) (7,135)
 Total benefits and expenses 30,846 26,899
 INCOME BEFORE PROVISION
 FOR INCOME TAXES: 4,238 3,798
 PROVISION FOR INCOME TAXES: 1,441 1,234
 NET INCOME $2,797 $2,564
 EARNINGS PER COMMON SHARE $.27 $.25
 WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING 10,431 10,376
 Six months ended June 30 1992 1991
 REVENUES:
 Accident and health premiums $66,390 $51,261
 Life premiums 1,153 917
 Net investment income 4,208 4,074
 Total revenues 71,751 56,252
 BENEFITS AND EXPENSES:
 Benefits to policyholders 35,235 26,612
 Commissions 21,075 20,416
 General and administrative 13,013 10,139
 Amortization of deferred policy
 acquisition costs 8,824 8,712
 Less: Policy acquisition
 costs deferred (15,493) (17,387)
 Total benefits and expenses 62,654 48,492
 INCOME BEFORE PROVISION
 FOR INCOME TAXES: 9,097 7,760
 PROVISION FOR INCOME TAXES: 3,093 2,522
 NET INCOME $6,004 $5,238
 EARNINGS PER COMMON SHARE $.58 $.51
 WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING 10,433 10,332
 /delval/
 -0- 8/13/92
 /CONTACT: John A. Powell, chairman of American Travellers, 215-244-1600/
 (ATVC) CO: American Travellers Corporation ST: Pennsylvania IN: INS SU: ERN


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Date:Aug 13, 1992
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