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AMERICAN TRAVELLERS CORPORATION ANNOUNCES SECOND QUARTER AND SIX MONTH RESULTS

 BENSALEM, Pa., Aug. 10 /PRNewswire/ -- American Travellers Corporation (NASDAQ: ATVC) today announced its financial results for the second quarter and the six months ended June 30, 1993.
 Total revenues increased 20 percent to $42,085 compared to $35,084 in the second quarter of 1992. Net investment income increased to $2,333 for the quarter compared to $2,094 for the same period a year ago. Net income for the quarter increased 33 percent to $3,720, or $.36 per share, compared to $2,797, or $.27 per share, for the second quarter of 1992. For the six months ended June 30, 1993, total revenues increased 21 percent to $86,471 compared to $71,751, for the first half of 1992. Net investment income for the first six months of 1993 increased to $4,688 compared to $4,208 for the first six months of 1992. Net income for the first half of 1993 rose 19 percent to $7,115 or $.68 per share, compared to $6,004, or $.58 per share, for the same period in 1992.
 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 new business premiums, which have increased by $6,250 or 69 percent comparing the second quarter of 1993 to the same period in 1992, and increased by $10,576 or 53 percent comparing the first half of 1993 to the first six months of 1992. New business premiums in the long term care product line were up 111 percent for the quarter and 102 percent for the six months ended June 30, 1993, compared to the corresponding periods in 1992.
 American Travellers Corporation is engaged through its subsidiaries in the underwriting and marketing of long-term care insurance including nursing home care and home health care. The company is licensed in 44 states plus the District of Columbia and the U.S. and British Virgin Islands.
 AMERICAN TRAVELLERS CORPORATION
 (In thousands, except per-share data)
 Three months ended June 30 1993 1992 Percent Change
 Revenues $42,085 $35,084 20
 Net income 3,720 2,797 33
 EPS $.36 $.27 33
 Average weighted number
 of shares 10,455 10,431 ---
 Six months ended June 30 1993 1992 Percent Change
 Revenues $86,471 $71,751 21
 Net income 7,115 6,004 19
 EPS $.68 $.58 18
 Average weighted number
 of shares 10,438 10,433 ---
 Consolidated Statements of Income
 (Unaudited, in thousands except per-share data)
 Three months ended June 30 1993 1992
 Revenues:
 Accident and health premiums $39,019 $32,402
 Life premiums 733 588
 Net investment income 2,287 2,153
 Realized investment gains (losses) 46 (59)
 Total revenues 42,085 35,084
 Benefits and expenses:
 Benefits to policyholders 20,276 16,084
 Commissions 13,936 10,239
 General and administrative 7,377 6,216
 Amortization of deferred policy
 acquisition costs 5,957 5,562
 Less: policy acquisition costs
 deferred (11,098) (7,255)
 Total benefits and expenses 36,448 30,846
 Income before provision for
 income taxes 5,637 4,238
 Provision for income taxes 1,917 1,441
 Net income 3,720 2,797
 Earnings per common share $.36 $.27
 Weighted average number of shares
 outstanding 10,455 10,431
 Consolidated Statements of Income
 (Unaudited, in thousands except per-share data)
 Six months ended June 30 1993 1992
 Revenues:
 Accident and health premiums $80,392 $66,390
 Life premiums 1,391 1,153
 Net investment income 4,544 4,276
 Realized investment gains (losses) 144 (68)
 Total revenues 86,471 71,751
 Benefits and expenses:
 Benefits to policyholders 43,560 35,235
 Commissions 28,478 21,075
 General and administrative 14,262 13,013
 Amortization of deferred policy
 acquisition costs 11,760 8,824
 Less: policy acquisition costs
 deferred (22,370) (15,493)
 Total benefits and expenses 75,690 62,654
 Income before provision for
 income taxes 10,781 9,097
 Provision for income taxes 3,666 3,093
 Net income 7,115 6,004
 Earnings per common share $.68 $.58
 Weighted average number of shares
 outstanding 10,430 10,433
 /delval/
 -0- 8/10/93
 /CONTACT: John A. Powell of American Travellers, 215-244-1600/
 (ATVC)


CO: American Travellers Corporation ST: Pennsylvania IN: INS SU: ERN

MJ-CC -- PH026 -- 1400 08/10/93 17:41 EDT
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Date:Aug 10, 1993
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