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INTEGON STOCK PRICED FOR SECONDARY OFFERING OF 3.6 MILLION SHARES

 WINSTON-SALEM, N.C., Dec. 15 /PRNewswire/ -- Integon Corporation (NYSE:IN) announced today that an offering price of $25.75 per share has been set for a secondary public offering of 3.6 million shares of its common stock.
 Integon Partners L.P., the company's largest stockholder, is selling 3.0 million shares to meet certain requirements of its partners, including estate settlement purposes, and Integon Life Insurance Corporation is selling all of its 631,327 shares. Following the sale, Integon Partners L.P. will own approximately 31.3 percent of the outstanding shares of common stock of Integon Corporation.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission. Today's announcement by Integon Corporation shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 Managing underwriters for the offering are Smith Barney, Harris Upham & Co., Incorporated, 1345 Avenue of The Americas, New York, New York, and Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, New York, from each of whom a written prospectus relating to the offering may be obtained.
 Integon Corporation specializes in the underwriting and marketing of specialty automobile insurance products to individuals, offered through over 2,800 independent agencies located in North Carolina, Virginia, Tennessee, Georgia and Florida.
 -0- 12/15/92
 /CONTACT: Gay Huntsman, analyst contact of Integon Corp., 919-770-3074, or Turner Coley, media contact of Turner Coley Associates, 919-760-3000, for Integon Corp./
 (IN)


CO: Integon Corporation ST: North Carolina IN: INS SU: OFR

TM -- NY092 -- 7472 12/15/92 18:50 EST
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Publication:PR Newswire
Date:Dec 15, 1992
Words:294
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