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AMERICAN GENERAL FINANCE POSTS RECORD EARNINGS OF $135 MILLION IN 1991

 AMERICAN GENERAL FINANCE POSTS RECORD EARNINGS
 OF $135 MILLION IN 1991
 EVANSVILLE, Ind., Feb. 7 /PRNewswire/ -- American General Finance today announced record fourth quarter earnings of $36.3 million. This represents an 11.3 percent increase over fourth quarter earnings of $32. 6 million in 1990. This strong performance in the fourth quarter follows a record for earnings established in each of the first three quarters of 1991. Total net income for the year was $135 million compared to $121.9 million for 1990 or an increase of 10.7 percent. In commenting on the results, Daniel Leitch III, president and chief executive officer noted, "American General Finance enjoyed increased productivity at all levels of the organization last year and we are proud of the commitment made by our employees."
 Outstanding receivables as of Dec. 31, 1991 increased over year end 1990. Charge-off and delinquency ratios for 1991 remained near the same levels when compared with the same period in 1990. The company's FDIC insured institution in Evansville, American General Financial Center, Inc. enjoyed a 7.8 percent increase over fourth quarter 1990. A.G.F.C. provides its customers a wide variety of financial services at five convenient locations in the city. Looking ahead to 1992, Leitch said, "Achievements this year are dependent on continuing growth, increasing growth, increasing loan yield and monitoring credit quality."
 American General Finance, headquartered in Evansville, serves more than two million customers through a branch network of nearly 1,200 offices in 41 states, Puerto Rico and the Virgin Islands. Services offered include consumer, and home equity loans; indirect retail financing; life, health and property insurance; and credit card services.
 -0- 2/7/92
 /CONTACT: Barry M. Roberts of American General Finance, 812-468-5884/ CO: American General Finance ST: Indiana IN: FIN SU: ERN


LC -- CL013 -- 7926 02/07/92 16:35 EST
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Date:Feb 7, 1992
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