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AMERICAN GENERAL FINANCE INC., CONTINUES EARNINGS GROWTH

 AMERICAN GENERAL FINANCE INC., CONTINUES EARNINGS GROWTH
 EVANSVILLE, Ind., July 21 /PRNewswire/ -- American General Finance


Inc., today announced second quarter earnings of $37 million. This represents a 16.4 percent increase over second quarter earnings of $31.8 million in 1991. This strong performance in the second quarter exceeds the earnings of $36 million for the first quarter of 1992 representing a 2.8 percent increase. Total net income for the six month period was $73 million compared to $62.3 million in 1991, an increase of 17.2 percent.
 Daniel Leitch III, president and chief executive officer, commented on the results noting increased support from customers and employees and said, "We have worked hard to strengthen our service capabilities throughout our branch network, the largest consumer finance network in the United States. These financial results demonstrate the kind of progress that is being made." In addition, the company is well poised to participate in growth opportunities that may include the acquisition of consumer loan receivables from other financial institutions.
 American General Finance, Inc., is a financial services holding company specializing in the extension of credit to individual consumers. Products and services are marketed to over 2 million middle income Americans. The company, headquartered in Evansville, Ind., has assets of $6.8 billion and operates over 1100 branch offices in 41 states, Puerto Rico, and the Virgin Islands. Services offered include consumer and home equity loans; indirect retail financing; life, health, and property insurance; and credit card services.
 -0- 7/21/92
 /CONTACT: Philip M. Hanley, chief financial officer of American General Finance Inc., 812-468-5420/ CO: American General Finance Inc. ST: Indiana IN: FIN SU: ERN


SM -- CL006 -- 1171 07/21/92 09:44 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
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