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AMERICAN INDEMNITY FINANCIAL DECLARES REGULAR DIVIDEND AND REPORTS FIRST QUARTER 1992 RESULTS

         AMERICAN INDEMNITY FINANCIAL DECLARES REGULAR DIVIDEND
                 AND REPORTS FIRST QUARTER 1992 RESULTS
    GALVESTON, Texas, April 27 /PRNewswire/ -- American Indemnity Financial Corporation, (NASDAQ: AIFC) today declared a regular quarterly cash dividend on its common stock of 2 cents per share payable May 15, 1992, to stockholders of record on May 8, 1992, and announced 1992 first quarter financial results on a preliminary and unaudited basis.
    For the first quarter ended March 31, 1992, the company reported net income of $854,689 or 44 cents per share, compared with net income of $428,589 or 22 cents per share for the first quarter ended March 31, 1991, for an increase in per share earnings of 100 percent.
    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, Texas.
               AMERICAN INDEMNITY FINANCIAL CORPORATION
            Consolidated Financial Highlights (Unaudited)
      Three months ended March 31    1992                 1991
    Net premiums written       $ 14,813,265         $  9,076,738
    Premiums earned              14,678,613           13,354,139
    Net investment income         1,374,269            1,401,828
    Realized investment gains        15,823                1,584
    Net income                      854,689              428,589
    Earnings per share summary:
     Net income                        $.44                 $.22
    Weighted average shares
     outstanding                  1,924,210            1,924,210
    -0-                          4/27/92
    /CONTACT:  Synott L. McNeel of American Indemnity Financial, 409-766-4674/
    (AIFC) CO:  American Indemnity Financial Corporation ST:  Texas IN:  FIN SU:  ERN TS -- NY086 -- 3193 04/27/92 12:56 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 27, 1992
Words:250
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