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AMERICAN GENERAL FINANCE, INC., REPORTS RECORD EARNINGS IN 1992

 EVANSVILLE, Ind., Feb. 1 /PRNewswire/ -- American General Finance, Inc., today announced record fourth quarter and year-end earnings. Fourth quarter earnings of $45.7 million represent a 25.8 percent increase over fourth quarter earnings of $36.3 million in 1991. Total net income for the year was $161.9 million compared to $135.0 million in 1991, an increase of 19.9 percent.
 In commenting on the results, Daniel Leitch III, president and chief executive officer, said, "These financial results demonstrate our consistent market focus, an efficient market distribution system, qualified branch management, and superior underwriting skills."
 Outstanding receivables as of Dec. 31, 1992, increased to $6.2 billion as compared to $5.9 billion at Dec. 31, 1991. According to Leitch, "American General Finance continues to concentrate on the consumer market, through traditional consumer loans, retail sales financing of consumers' purchases, and real estate secured lending."
 American General Finance, Inc., is a financial services holding company specializing in the extension of credit to individual consumers. Products and services are marketed to approximately 2.3 million middle income Americans. The company, headquartered in Evansville, Ind., has assets of $7.2 billion and operates 1,300 branch offices in 39 states, Puerto Rico, and the Virgin Islands. Services offered include direct consumer and home equity loans; indirect retail sales financing; life, health, and property insurance; and credit card services.
 -0- 2/1/93
 /CONTACT: Philip M. Hanley, chief financial officer, American General Finance, Inc., 812-468-5420/


CO: American General Finance, Inc. ST: Indiana IN: FIN SU: ERN

BM -- CL006 -- 1340 02/01/93 11:43 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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