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AMERICAN INDEMNITY FINANCIAL CORPORATION DECLARES REGULAR DIVIDEND AND REPORTS THIRD QUARTER AND NINE MONTHS 1992 RESULTS

 AMERICAN INDEMNITY FINANCIAL CORPORATION DECLARES REGULAR DIVIDEND
 AND REPORTS THIRD QUARTER AND NINE MONTHS 1992 RESULTS
 GALVESTON, Texas, Oct. 28 /PRNewswire/ -- American Indemnity Financial Corporation (NASDAQ: AIFC) today declared a regular quarterly cash dividend on its common stock of 2 cents per share payable Nov. 15, 1992, to stockholders of record on Nov. 9, 1992, and announced 1992 third quarter and nine months financial results on a preliminary and unaudited basis.
 For the third quarter ended Sept. 30, 1992, the company reported net income of $1,553,402 or 80 cents per share, compared with a net loss of $900,334 or 47 cents per share for the third quarter ended Sept. 30, 1991.
 For the nine months ended Sept. 30, 1992 the company reported net income of $1,720,946 or 89 cents per share, compared with net income of $44,702 or 2 cents per share for the nine months ended Sept. 30, 1991.
 American Indemnity Financial Corporation is the parent corporation of American Indemnity Company, American Fire and Indemnity Company, Texas General Indemnity Company and American Computing Company, all of Galveston.
 AMERICAN INDEMNITY FINANCIAL CORPORATION
 Consolidated Financial Highlights (Unaudited)
 Three months ended Sept. 30: 1992 1991
 Net premiums written $ 15,677,580 $ 15,110,973
 Premiums earned 15,909,753 14,363,375
 Net investment income 1,374,223 1,460,032
 Realized investment gains (losses) 1,199,460 (1,630)
 Net income (loss) 1,553,402 (900,334)
 Earnings per share summary:
 Net income (loss) $.80 ($.47)
 Weighted average shares outstanding 1,924,210 1,924,210
 Nine months ended Sept. 30: 1992 1991
 Net premiums written $ 48,777,663 $ 39,283,190
 Premiums earned 44,668,156 42,682,085
 Net investment income 4,149,287 4,291,904
 Realized investment gains (losses) 1,274,677 (3,698)
 Net income 1,720,946 44,702
 Earnings per share summary:
 Net income $.89 $.02
 Weighted average shares outstanding 1,924,210 1,924,210
 -0- 10/28/92
 /CONTACT: Synott L. McNeel of American Indemnity Financial Corporation, 409-766-4674/
 (AIFC) CO: American Indemnity Financial Corporation ST: Texas IN: FIN SU: ERN


TS -- NY079 -- 6018 10/28/92 12:49 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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