American Medical Reports Higher 4th Quarter Net

NU Online News Service, Feb. 6, 12:04 p.m. – American Medical Security Group Inc., Green Bay Wis., is reporting $4.3 million in net income for the fourth quarter of 2001 on $208 million in revenue, compared with $126,000 in net income on $240 million in revenue for the fourth quarter of 2000.

The health insurance company focuses on the small-business and individual markets. Major medical enrollment shrank to 557,716 at the end of 2001, from 687,863 a year earlier, because of efforts to get out of unprofitable markets and raise rates enough to cover costs, the company says.