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PROVIDENT AMERICAN ANNOUNCES EARNINGS

 PROVIDENT AMERICAN ANNOUNCES EARNINGS
 NORRISTOWN, Pa., May 14 /PRNewswire/ -- Provident American


Corporation (NASDAQ: PAMC), an insurance holding company, announced today that for the three months ended March 31, 1992, it had a loss from operations of $722,000, or $.10 per share, on gross revenue of $18,891,000 compared to income from operations of $47,000, or $.01 per share, on gross revenue of $14,164,000 for the three months ended March 31, 1991.
 The 1992 loss from operations is attributable to the high costs associated with the development of the pre-need life insurance market, which continue to be charged against current operations and not deferred.
 The company also announced that it has signed a long-term joint- venture agreement with The Seniors Coalition, a Washington-based association serving the interests of 1.6 million senior citizens. The association has endorsed Provident's pre-need insurance plans and will recommend their purchase to coalition associates. The company will use both a direct response and agency sales approach, in cooperation with funeral homes, to market these plans to coalition associates.
 PROVIDENT AMERICAN CORPORATION AND SUBSIDIARIES
 Consolidated Statements of Operations (000's omitted)
 Three months ended March 31 1992 1991
 Accident and health premiums, gross $14,579 $10,475
 Life insurance premiums 3,627 3,152
 Other revenue 685 537
 Total gross revenue 18,891 14,164
 Less accident & health reinsurance (8,289) (6,109)
 Total net revenue 10,602 8,055
 Expenses 11,291 7,985
 Income before taxes (689) 70
 Tax expense (33) (23)
 Net income (722) 47
 Income per share $(.10) $ .01
 /delval/
 -0- 5/14/92
 /CONTACT: Anthony R. Verdi, chief financial officer of Provident American Corporation, 215-279-2500/
 (PAMC) CO: Provident American Corporation ST: Pennsylvania IN: INS SU: ERN


JS-MP -- PH030 -- 0361 05/14/92 15:32 EDT
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Date:May 14, 1992
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