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AMERICAN INDEMNITY FINANCIAL CORPORATION DECLARES REGULAR DIVIDEND AND REPORTS FIRST QUARTER 1993 RESULTS

 GALVESTON, Texas, April 26 /PRNewswire/ -- American Indemnity Financial Corporation, (NASDAQ: AIFC) today declared a regular quarterly cash dividend on its common stock of 2 cents per share payable May 17, 1993, to stockholders of record on May 7, 1993, and announced 1993 first quarter financial results on a preliminary and unaudited basis.
 For the first quarter ended March 31, 1993, the company reported net income of $1,381,394 or 72 cents per share, compared with net income of $854,689 or 44 cents per share for the first quarter ended March 31, 1992.
 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 March 31, 1993 1992
 Net premiums written $17,240,125 $14,813,265
 Premiums earned 15,933,214 14,678,613
 Net investment income 1,300,158 1,374,269
 a?lized investment gains 338,131 15,823
 Net income 1,381,394 854,689
 Earnings per share summary:
 Net income $0.72 $0.44
 Weighted average shares outstanding 1,929,260 1,924,210
 -0- 4/26/93
 /CONTACT: Synott L. McNeel of American Indemnity Financial Corporation, 409-766-4674/
 (AIFC)


CO: American Indemnity Financial Corporation ST: Texas IN: INS SU: ERN

SM -- NY084 -- 0723 04/26/93 12:57 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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