American Eagle Group Inc. Declares Quarterly Common Stock Dividend and Announces Annual Meetings Date.

DALLAS--(BUSINESS WIRE)--Feb. 27, 1996--American Eagle Group, Inc. announced today the declaration of its quarterly dividend on its common shares. The Board of Directors of American Eagle Group, Inc. declared a cash dividend of $.04 per share on its common stock to be paid on April 19, 1996 to holders of record on April 5, 1996.

American Eagle also announced that the date for its annual meeting of stockholders is May 10, 1996. The record date for the meeting is March 18, 1996.

The common stock of American Eagle Group, Inc. trades on the New York Stock Exchange under the symbol "FLI."

American Eagle Group, Inc. is an insurance holding company that, through its subsidiaries, markets and underwrites specialized property and casualty coverages in selected niche markets. These markets include general aviation, local and intermediate haul trucking, selected artisan contractors and private yachts. The Company's business is organized in three divisions: the Aviation Division, headquartered in Dallas, Texas; the Property & Casualty Division, headquartered in Sacramento, California; and the Marine Division, headquartered in Baltimore, Maryland.

CONTACT: American Eagle

M. Philip Guthrie, 214/448-1460

Richard M. Kurz, 214/448-1477