EMPHESYS Financial Group, Inc. announces earnings estimates.DE PERE De Pere (dĭ pēr), city (1990 pop. 16,569), Brown co., E central Wis., on the Fox River; inc. 1857; De Pere and West De Pere consolidated 1890. , Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--June 27, 1995--EMPHESYS Financial Group, Inc., (NYSE NYSE See: New York Stock Exchange : EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) ) today said that, based upon a recently completed analysis of results through May, its earnings per share for the three months ending June 30, 1995, will likely be in a range estimated at $.75 to $.80 per share. This is below average analysts' expectations of $.93 per share for the second quarter of 1995. The company stated that higher medical loss ratios, caused by increases in medical costs and utilization have more than offset the benefits of pricing increases in the second quarter, resulting in moderation of earnings in the quarter. The company's increased medical loss ratios are consistent with industry trends. In addition to pricing actions, management has implemented a series of claims management initiatives and has lowered the company's administrative expense ratio in response to these increases in medical costs and utilization. The company stated that the primary financial benefit of these actions is expected to impact results in the third and subsequent quarters. EMPHESYS, through Employers Health Insurance Company, is the nation's 10th largest health insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. , focusing primarily on small group business. Employers Health also provides a variety of other employee benefits, including group life, dental, and disability insurance. Other business lines include administration of self-insured benefit plans, flexible spending accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are , and purchasing pool administration, as well as distribution services. CONTACT: EMPHESYS Financial Group, Inc., Green Bay Investor contact: Wayne Micksch: 800/558-4444, Ext. 5210 Media contact: Jon Drayna: 800/558-4444, Ext. 5725 |
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