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LIFE USA HOLDING, INC. REPORTS THAT ONE-TIME OCCURRENCES MAY INCREASE FOURTH QUARTER EARNINGS -- ANNOUNCES POSSIBLE ACQUISITION

LIFE USA HOLDING, INC. REPORTS THAT ONE-TIME OCCURRENCES MAY INCREASE
 FOURTH QUARTER EARNINGS -- ANNOUNCES POSSIBLE ACQUISITION
 MINNEAPOLIS, Nov. 2 /PRNewswire/ -- Life USA Holding, Inc. (NASDAQ-NMS: LUSA) announced today that fourth quarter and year-end earnings may be stronger than previously anticipated due to continued strong sales and a number of one-time occurrences.
 Robert W. MacDonald, chairman and CEO, stated, "When several events, including realized capital gains, potential experience refunds from reinsurers and lower than anticipated expenses, are combined with continued high levels of sales, there is a reasonable possibility that fourth quarter and year-end financial results for Life USA will exceed the levels currently being projected by analysts following the company. While it is not yet possible to accurately gauge the impact of these occurrences, they have the collective potential to increase fourth quarter net income by as much as $2.25 million, or $.15 per share, in excess of anticipated operating results for the quarter."
 Life USA Holding, Inc. also announced that it is in discussions regarding the possible acquisition of another life insurance company. If an agreement is reached, the actual acquisition will be completed in early 1993.
 Relative to the possible acquisition, MacDonald said, "This is not a major acquisition and, if successful, it will not have a significant impact on 1993 results. Our existing subsidiary, LifeUSA Insurance company, is authorized to do business in only 40 states. The objective of the acquisition is to allow Life USA to expand direct sales of its life and annuity policies to all states, except New York."
 Life USA Holding, Inc. reported net income of $5 million or $.35 per share for the nine months ended Sept. 30, 1992, compared to $1.8 million or $.12 per share for the same period in 1991.
 Life USA Holding, Inc., is an agent and employee owned insurance holding company founded in 1987. LifeUSA Insurance Company, the sole subsidiary of Life USA, is represented by more than 37,000 field agents and 270 home office employees. Life USA Holding, Inc. common stock is a designated stock on the NASDAQ National Market, trading under the symbol LUSA.
 -0- 11/2/92
 /CONTACT: Robert MacDonald of Life USA, 612-591-5201/
 (LUSA) CO: Life USA Holding, Inc.; LifeUSA Insurance Company ST: Minnesota IN: INS SU: ERP


AL -- MN012 -- 1707 11/02/92 15:09 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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