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TORCHMARK CORPORATI0N REPORTS 1992 EARNINGS

 BIRMINGHAM, Ala., Feb. 2 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) reported today that 1992 net income per share was $3.58, up 14.4 percent from $3.13 in 1991.
 Net income was $265.5 million for the year compared to $246.5 million in 1991. Included in net income were after-tax realized losses of $626,000, or $.01 per share compared to realized gains of $2.8 million or $.04 per share, in 1991. R. K. Richey, chairman, noted that 1992 marked the 41st consecutive year of increased earnings and dividends per share.
 For the fourth quarter of 1992, net income per share increased 12.3 percent to $.91 from $.81 per share in the prior-year period. Net income was $66.9 million compared to $63.4 million in the fourth quarter of 1991. Fourth quarter of 1992 net income included after-tax realized losses of $.03 per share compared to after-tax realized gains of $.01 per share in the prior-year period.
 Total revenue increased 7.3 percent to $2.05 billion in 1992, up from $1.91 billion in 1991. Individual life premium increased 3.9 percent to $544.5 million and individual health premium grew 3.6 percent to $797.9 million. 1992 net investment income was $382.7 million, up 5.1 percent. Financial services revenue grew 16.7 percent to $133.5 million, and energy operations revenue was up 35.0 percent to $74.0 million.
 Sales of Medicare supplement insurance increased 42.9 percent to $156.3 million of annualized premium. The increase in Medicare supplement sales was offset by a decrease in other health sales where certain policies with poor experience have been withdrawn from the market. Annualized health premium in force grew 4.3 percent to $832.5 million and individual life premium in force grew 4.5 percent to $588.1 million. Life insurance in force increased to $58.3 billion. Assets under management at Waddell and Reed totaled $11.8 billion at the end of the year, up 12.2 percent over the Dec. 31, 1991 balance.
 Torchmark's assets at the end of 1992 were $6.76 billion. Shareholders' equity was $1.12 billion. Annualized return on common equity was 26.4 percent for 1992.
 -0- 2/2/93
 /CONTACT: William T. Graves, 205-325-4251, or Lee Bartlett, 205-325-4204, both of Torchmark/
 (TMK)


CO: Torchmark Corporation ST: Alabama IN: INS SU: ERN

RA-BR -- AT011 -- 1877 02/02/93 12:16 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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