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CENTRAL RESERVE LIFE CORPORATION ANNOUNCES FOURTH QUARTER CASH DIVIDEND

 STRONGSVILLE, Ohio, Nov. 18 /PRNewswire/ -- The board of directors of Central Reserve Life Corporation (NASDAQ: CRLC) today announced a fourth quarter cash dividend of 10 cents per share to be paid on Dec. 30, 1993, to shareholders of record on Dec. 15, 1993. For the full year 1993, the cash dividend increased 11 percent to $0.40 from $0.36 in 1992. This marks the fourteenth consecutive year that the cash dividend has increased over the prior year.
 Fred Lick, chairman and chief executive officer, stated, "The 23 percent growth in premiums for the first nine months of 1993 reflect continued demand, especially among small businesses, for Central Reserve's innovative products. We continuously seek ways to anticipate and adapt quickly to changes in health care. Positive contributions from specific measures implemented earlier this year were reflected in the recently announced third quarter results and we anticipate further improvement in the future."
 Central Reserve Life Corporation is a leading provider of accident and health insurance and related financial products, specializing in groups of 50 or fewer employees. Based in Strongsville, Ohio, the company concentrates its sales in the Midwest, Southeast and Southwest regions of the U.S.
 -0- 11/18/93
 /CONTACT: Frank Grimone, CFO, of Central Reserve Life, 216-572-2400, or Robert A. Lentz of Robert Lentz and Associates, 614-228-2142, for Central Reserve Life/
 (CRLC)


CO: Central Reserve Life Corporation ST: Ohio IN: INS SU: DIV

BM-KL -- CL018 -- 6079 11/18/93 13:34 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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