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American Medical Reports Higher 2nd Quarter Net Income

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NU Online News Service, July 25, 12:47 p.m. – American Medical Security Group Inc., Green Bay, Wis., is reporting $5.2 million in net income for the second quarter on $200 million in revenue, compared with $1.5 million in net income on $223 million in revenue for the second quarter of 2001.

American Medical, a company that sells major medical insurance, dental insurance and related products to individuals and small groups, has been disposing of unprofitable operations in recent years.

The company provided medical or dental insurance for 529,103 people at the end of the second quarter, down from 626,867 people a year earlier.


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