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AMERICAN INDEMNITY FINANCIAL DECLARES REGULAR DIVIDEND AND REPORTS SECOND QUARTER AND SIX MONTHS 1992 RESULTS

 AMERICAN INDEMNITY FINANCIAL DECLARES REGULAR DIVIDEND AND
 REPORTS SECOND QUARTER AND SIX MONTHS 1992 RESULTS
 GALVESTON, Texas, July 22 /PRNewswire/ -- American Indemnity Financial Corporation, (NASDAQ: AIFC) today declared a regular quarterly cash dividend on its common stock of 2 cents per share payable Aug. 15, 1992, to stockholders of record on Aug. 7, 1992, and announced 1992 second quarter and six months financial results on a preliminary and unaudited basis.
 For the second quarter ended June 30, 1992, the company reported a net loss of $687,145 or 35 cents per share, compared with net income of $516,447 or 27 cents per share for the second quarter ended June 30, 1991.
 For the six months ended June 30, 1992 the company reported net income of $167,544 or 9 cents per share, compared with net income of $945,036 or 49 cents per share for the six months ended June 30, 1991.
 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 June 30, 1992 1991
 Net premiums written $18,286,818 $15,095,479
 Premiums earned 14,079,790 14,964,571
 Net investment income 1,400,795 1,430,044
 Realized investment gains (losses) 59,394 (3,652)
 Net income (loss) (687,145) 516,447
 Earnings per share summary:
 Net income (loss) ($0.35) $0.27
 Weighted average shares outstanding 1,924,210 1,924,210
 Six months ended June 30, 1992 1991
 Net premiums written $33,100,083 $24,172,217
 Premiums earned 28,758,403 28,318,710
 Net investment income 2,775,064 2,831,872
 Realized investment gains (losses) 75,217 (2,068)
 Net income 167,544 945,036
 Earnings per share summary:
 Net income $0.09 $0.49
 Weighted average shares outstanding 1,924,210 1,924,210
 -0- 7/22/92
 /CONTACT: Synott L. McNeel of American Indemnity Financial, 409-766-4674/
 (AIFC) CO: American Indemnity Financial Corporation ST: Texas IN: INS SU: ERN DIV


SH -- NY091 -- 2034 07/22/92 14:54 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
Words:360
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