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GEICO CORPORATION PROPOSES FIVE-FOR-ONE STOCK SPLIT, ANNOUNCES INCREASE IN DIVIDEND

 GEICO CORPORATION PROPOSES FIVE-FOR-ONE STOCK SPLIT,
 ANNOUNCES INCREASE IN DIVIDEND
 WASHINGTON, Feb. 26 /PRNewswire/ -- The board of directors of GEICO Corporation (NYSE: GEC) today proposed a five-for-one stock split. The stock split is subject to stockholder approval of an increase in the number of authorized common shares from 60 million to 150 million. GEICO stockholders will vote on the proposed increase at the corporation's annual meeting to be held on May 20, 1992. If approved, the stock split is expected to become effective on or shortly after the date of the annual meeting.
 GEICO Corporation today also announced an increase in the quarterly cash dividend on its $1 par value common stock from 57 cents per share to 75 cents per share on a pre-split basis. The first quarterly cash dividend at this rate was declared payable on March 31, 1992, to stockholders of record on March 9, 1992.
 GEICO Corporation is the parent company of Government Employees Insurance Company, which is referred to as GEICO. GEICO insures private passenger automobiles of preferred risk individuals employed by the federal government or the military. It also provides homeowner coverage and other types of insurance for qualified applicants. GEICO General Insurance Company, a subsidiary of GEICO, insures private passenger automobiles for preferred risks other than federal or military employees. GEICO Indemnity Company, also a subsidiary of GEICO, insures standard risk individuals.
 -0- 2/26/92
 /CONTACT: Carroll R. Franklin, director, investor relations, GEICO, 301-986-2055/
 (GEC) CO: GEICO Corporation ST: District of Columbia IN: INS SU: DIV


DC-MH -- DC007 -- 2710 02/26/92 10:15 EST
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Publication:PR Newswire
Date:Feb 26, 1992
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