NU Online News Service, May 13, 2004, 4:52 p.m. EDT – Hedging and improvements in the claim review process helped Penn Treat American Corp., Allentown, Pa., increase its first-quarter earnings.[@@]
The long term care insurer is reporting $23.4 million in net income for the latest quarter on $129.9 million in revenue, up from $3.1 million in net income on $100.5 million in revenue for the first quarter of 2003.