Printer Friendly

AMERICAN INDEMNITY FINANCIAL CORPORATION DECLARES REGULAR DIVIDEND AND REPORTS FOURTH QUARTER AND YEAR-END 1991 RESULTS

     AMERICAN INDEMNITY FINANCIAL CORPORATION DECLARES REGULAR
   DIVIDEND AND REPORTS FOURTH QUARTER AND YEAR-END 1991 RESULTS
    GALVESTON, Texas, Jan. 22 /PRNewswire/ -- American Indemnity Financial Corporation (NASDAQ: AIFC) today declared a regular quarterly cash dividend on its common stock of two cents per share payable Feb. 15, 1992, to stockholders of record on Feb. 7, 1992, and announced 1991 fourth quarter and year-end financial results on a preliminary and unaudited basis.
    For the fourth quarter ended Dec. 31, 1991, the company reported net income of $2,035,655 or $1.06 per share, compared with net income of $588,703 or 31 cents per share for the fourth quarter ended Dec. 31, 1990.
    For the year ended Dec. 31, 1991, the company reported net income of $2,080,357 or $1.08 per share, compared with a net loss of $635,098 or 33 cents per share for the year ended Dec. 31, 1990.
    American Indemnity Financial Corporation is the parent corporation of American Indemnity Company, American Fire and Indemnity Company, Texas General Indemnity Company and American Computing Company, all of Galveston.
                 AMERICAN INDEMNITY FINANCIAL CORPORATION
                    Consolidated Financial Highlights
                             (Unaudited)
    Three months ended                        Year
     Dec. 31                            1991         1990
    Net premiums written            $14,920,004  $10,904,915
    Premiums earned                  14,707,099   14,705,963
    Net investment income             1,358,163    1,444,030
    Realized investment gains
     (losses)                            (1,341)      95,813
    Net income                        2,035,655      588,703
    Earnings per share summary:
     Net income                           $1.06         $.31
    Weighted average shares
     outstanding                      1,924,210    1,924,210
    Twelve months ended                        Year
     Dec. 31                            1991         1990
    Net premiums written            $54,203,194  $63,266,926
    Premiums earned                  57,389,184   66,399,403
    Net investment income             5,650,067    6,000,552
    Realized investment gains
     (losses)                           (5,039)    2,698,227
    Net income (loss)                 2,080,357     (635,098)
    Earnings per share summary:
     Net income (loss)                    $1.08        $(.33)
    Weighted average shares
     outstanding                      1,924,210    1,924,210
    -0-           1/22/92
    /CONTACT:  Synott L. McNeel of American Indemnity Financial, 409-766-4674/
    (AIFC) CO:  American Indemnity Financial Corp. ST:  Texas IN:  FIN SU:  ERN SM -- NY065 -- 2315 01/22/92 12:51 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 22, 1992
Words:361
Previous Article:COMPUSA CONTINUES ITS EXPANSION WITH TWO ADDITIONAL SUPERSTORES
Next Article:MINNESOTA POWER ANNOUNCES 22ND CONSECUTIVE DIVIDEND INCREASE
Topics:


Related Articles
NATIONAL CITY CORPORATION REPORTS 1991 EARNINGS
BANDO McGLOCKLIN REPORTS SECOND-QUARTER RESULTS
NEW VALLEY REPORTS RESULTS FOR 1991 AND FOURTH QUARTER
LSB INDUSTRIES DECLARES DIVIDENDS ON PREFERRED STOCKS AND REPORTS RESULTS FOR THE YEAR ENDED DEC. 31, 1991
SCHWAB APPROVES DIVIDEND INCREASE
AMERICAN INDEMNITY FINANCIAL DECLARES REGULAR DIVIDEND AND REPORTS FIRST QUARTER 1992 RESULTS
BANDO McGLOCKLIN REPORTS FISCAL 1992 RESULTS; DECLARES REGULAR 22 CENT PLUS SPECIAL 4 CENT DIVIDENDS
1ST SOURCE REPORTS RECORD 1992 EARNINGS AND ANNOUNCES STOCK SPLIT
FOREMOST CORPORATION OF AMERICA ANNOUNCES FOURTH QUARTER, YEAR-END RESULTS AND QUARTERLY DIVIDEND
Fremont General Posts Quarterly Net Income up 26%

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters