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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
January 11, 2008 at 04:55 AM
A long term care insurer says it will be correcting just a single year of financial statements.
Penn Treaty American Corp., Allentown, Pa., says it will restate financial statements for 2005 because of errors that increased the company’s reported book value by about $1 million.
“The impact of these errors is not material to periods prior to 2005; therefore, the company will not restate accounting periods prior to 2005,” Penn Treaty says.
Penn Treaty, the company that created the modern LTC insurance market, had announced that it was looking into the possibility that it might have to restate earnings for 2003 and 2004 as well as for 2005.
Penn Treaty hopes to release unaudited 2006 financial results by Jan. 28, and it then will hold a conference call to update investors on the 2006 results and the company’s current operations, the company says.
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