American Bankers Insurance Group, Inc. Declares Quarterly Common Stock Dividend and Sets 1999 Annual Shareholders Meeting.

MIAMI--(BUSINESS WIRE)--Feb. 12, 1999--American Bankers Insurance Group, Inc. (NYSE:ABI) today announced that its Board of Directors declared a regular quarterly cash dividend of $.12 per common share payable March 15, 1999 to common shareholders of record on March 2, 1999.

The Board of Directors also set the 1999 Annual Shareholders Meeting for Friday, May 7, 1999 at 10:00 a.m. EST at the Company's headquarters at 11222 Quail Roost Drive in Miami, Florida. The record date for purposes of shareholder voting at the Annual Shareholders Meeting shall be March 26, 1999. Any request to include a shareholder proposal made pursuant to SEC Rule 14a-8 in the Company's proxy statement for the annual meeting must be submitted to Arthur W. Heggen, Corporate Secretary, at 11222 Quail Roost Drive in Miami, Florida 33157 by 5:00 p.m. EST on March 12, 1999.

American Bankers Insurance Group, Inc. (ABI) concentrates on marketing affordable, specialty insurance products and services through financial institutions, retailers and other entities offering consumer financing as a regular part of their business. ABI, through its insurance subsidiaries, operates in the United States, Canada, the Caribbean, Latin America and the United Kingdom.