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VICTORIA FINANCIAL CORPORATION ANNOUNCES OFFERING OF 1,200,000 SHARES

 CLEVELAND, Sept. 3 /PRNewswire/ -- Victoria Financial Corporation (NASDAQ: VICF) announced today the public offering of 1,200,000 shares of common stock at a price of $12 per share. Of the total shares offered, 880,000 shares are being issued by the Company and 320,000 shares are begin sold by stockholders. The underwriters for the offering are William Blair & Company and McDonald & Company Securities, Inc. An additional 132,000 shares from the company and 48,000 shares from the selling stockholders may be offered for sale to the public pursuant to an over-allotment option granted to the underwriters.
 Victoria Financial Corporation, headquartered in Cleveland, is a specialty lines insurance holding company concentrating in nonstandard automobile insurance. The Company currently operates in nine states and is licensed to write business in an additional 17 states and the District of Columbia. The Company's common stock trades on the NASDAQ National Market System under the symbol "VICF."
 -0- 9/3/93
 /CONTACT: Tab Keplinger, vice president-finance, Victoria Financial Corporation, 216-461-3461/
 (VICF)


CO: Victoria Financial Corporation ST: Ohio IN: FIN SU: OFR

LC -- CL004 -- 8701 09/03/93 08:35 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
Words:188
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