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PROVIDENT AMERICAN REPORTS RESULTS

 PROVIDENT AMERICAN REPORTS RESULTS
 NORRISTOWN, Pa., July 30 /PRNewswire/ -- Provident American


Corporation (NASDAQ: PAMC), an insurance holding company, announced today that for the three months ended June 30, 1992, it had a loss from operations of $346,000 or $.05 per share, on gross revenue of $19,862,000 compared to income from operations of $58,000, or $.01 per share, on gross revenues of $15,951,000 for the three months ended June 30, 1991.
 For the six months ended June 30, 1992, Provident had a loss from operations of $1,068,000, or $.14 per share, on $38,753,000 of gross revenue compared with income of $105,000, or $.01 per share, on gross revenue of $30,114,000 for the six months ended June 30, 1992.
 The second quarter loss is considerably less than the first quarter due principally to reduced expenses, though the company continues to make substantial investments in the development of the pre-need life insurance market.
 In August the initial marketing campaign of the Seniors Coalition Association will be launched beginning with an integrated multi-media promotional effort. This will include a four-page supplement in the Senior Class, the association newspaper. The company's sales force is currently being converted to counselors for the Seniors Coalition, capable of selling endorsed pre-need insurance programs to all members and with the ability to use the association as a marketing tool to enroll new members and then sell pre-need as a benefit.
 PROVIDENT AMERICAN CORPORATION AND SUBSIDIARIES
 Consolidated Statements of Operations
 (000s Omitted)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Accident and health
 premiums, gross $15,508 $11,168 $30,086 $21,643
 Life insurance premiums 3,478 4,242 7,105 7,394
 Other revenue 876 541 1,562 1,077
 Total gross revenues 19,862 15,951 38,753 30,114
 Less accident & health
 reinsurance (8,313) (6,636) (16,602) (12,745)
 Total net revenue 11,549 9,315 22,151 17,369
 Expenses 11,861 9,237 23,152 17,221
 Income (loss) before taxes (312) 78 (1,001) 148
 Tax expense 34 20 67 43
 Net income (loss) (346) 58 (1,068) 105
 Income (loss) per share $(.05) $.01 $(.14) $.01
 /delval/
 -0- 7/30/92
 /CONTACT: Anthony R. Verdi, CFO of Provident American, 215-279-2500/
 (PAMC) CO: Provident American Corporation ST: Pennsylvania IN: INS SU: ERN


JS-MK -- PH017 -- 5243 07/30/92 15:52 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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