Penn Treaty American Corp. has filed audited financial statements and a Form 10-K for the period ended Dec. 31, 2005.
Penn Treaty, Allentown, Pa., a long term care insurer, says one significant change in its audited financial statements is the reclassification of $2.3 million in “benefits expense to a cumulative effect from change in accounting.”
The change does not affect the 2005 results or the company’s book value, Penn Treaty says.