FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
(x) Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the quarter ended March 31, 1996
or
( ) Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the transition period from ____________ to ______________
Commission File Number 0-14391
AMERICAN TRAVELLERS CORPORATION
(Exact name of Registrant as specified in its charter)
Pennsylvania 23-1738097
(State or other jurisdiction of
(IRS Employer
Incorporation or Organization)
Identification No.)
3220 Tillman Drive, Bensalem, Pennsylvania
19020
(Address of Principal Executive Offices)
(Zip Code)
(215) 244-1600
(Registrant's telephone number, including area code)
Indicate by checkmark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15 (d) of
the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to
such filing requirement for the past 90 days.
Yes ( x ) No ( )
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the
issuer's classes of common stock as of the latest
practicable date.
As of May 8, 1996, there were 16,242,196 shares of the
registrant's common stock, $.01 par value, outstanding. The
registrant has no other classes of common stock.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Regustrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized
American Travellers Corporation
Date: August 5, 1996 By: /s/ John A. Powell
Chairman of the Board
Date: August 5, 1996 By:/s/ Benedict J. Iacovetti
Principal Financial Officer
Item 6: Exhibits and Reports on from S-K
Exhibit 27: Financial Data Schedule
The Financial Data schedule is being submitted in the
electronic format prescribed by the EDGAR Filer Manual and
shall set forth the financial information applicable table as
it pertains to Article 7 Registrants ( Insurance Companies).
<TABLE> <S> <C>
<ARTICLE> 7
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<DEBT-HELD-FOR-SALE> 624,963,000
<DEBT-CARRYING-VALUE> 630,050,000
<DEBT-MARKET-VALUE> 624,963,000
<EQUITIES> 0
<MORTGAGE> 443,000
<REAL-ESTATE> 0
<TOTAL-INVEST> 625,406,000
<CASH> 35,819,000
<RECOVER-REINSURE> 0
<DEFERRED-ACQUISITION> 152,645,000
<TOTAL-ASSETS> 852,598,000
<POLICY-LOSSES> (219,733,000)
<UNEARNED-PREMIUMS> (62,494,000)
<POLICY-OTHER> (260,585,000)
<POLICY-HOLDER-FUNDS> (542,812,000)
<NOTES-PAYABLE> 0
0
0
<COMMON> (162,000)
<OTHER-SE> (169,191,000)
<TOTAL-LIABILITY-AND-EQUITY> (852,598,000)
(93,381,000)
<INVESTMENT-INCOME> (10,475,000)
<INVESTMENT-GAINS> (1,296,000)
<OTHER-INCOME> 0
<BENEFITS> 64,504,000
<UNDERWRITING-AMORTIZATION> 12,335,000
<UNDERWRITING-OTHER> 0
<INCOME-PRETAX> (12,015,000)
<INCOME-TAX> 3,973,000
<INCOME-CONTINUING> (8,042,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (8,042,000)
<EPS-PRIMARY> 0.48
<EPS-DILUTED> 0.39
<RESERVE-OPEN> 0
<PROVISION-CURRENT> 0
<PROVISION-PRIOR> 0
<PAYMENTS-CURRENT> 0
<PAYMENTS-PRIOR> 0
<RESERVE-CLOSE> 0
<CUMULATIVE-DEFICIENCY> 0
</TABLE>
