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RELIANCE INSURANCE DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 RELIANCE INSURANCE DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK
 PHILADELPHIA, April 14 /PRNewswire/ -- The board of directors of Reliance Insurance Company today declared the regular quarterly dividend on its Series A preferred stock (PHLX: RIC Pr A) in the amount of 67 cents per share, payable July 1, 1992, to shareholders of record as of June 15, 1992.
 Headquartered in Philadelphia, Reliance Insurance Company, with its subsidiaries, is one of the nation's largest property and casualty stock insurance groups and is represented by more than 3,000 independent insurance agents in the United States.
 Reliance Insurance is the largest subsidiary of Reliance Group Holdings, Inc. (NYSE: REL), headquartered in New York. Reliance Group Holdings has major operations in property and casualty, life, title and mortgage insurance. The company also provides consulting and technical services. Reliance Group Holdings has assets of $11.3 billion and had revenues of $3.4 billion for the year ended Dec. 31, 1991.
 -0- 4/14/92
 /CONTACT: Brian T. Martin of Reliance Group Holdings, 212-909-1247/
 (RIC) CO: Reliance Insurance Company ST: Pennsylvania IN: INS SU: DIV


GK-TS -- NY052 -- 8315 04/14/92 13:16 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
Words:189
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