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FREMONT GENERAL CORP. ANNOUNCES THIRD QUARTER EARNINGS

 FREMONT GENERAL CORP. ANNOUNCES THIRD QUARTER EARNINGS
 SANTA MONICA, Calif., Oct. 26 /PRNewswire/ -- For the three months ended Sept. 30, 1992, Fremont General Corp. (NASDAQ-NMS: FRMT) posted net income of $8,681,000, or $1.05 per share, vs. $8,387,000, or $1.02 per share for the like quarter a year ago. For the nine months ended Sept. 30, 1992, earnings were $25,274,000, or $3.05 a share, vs. $22,561,000, or $2.73 a share a year ago.
 James A. McIntyre, chairman and chief executive officer of the company, stated that pre-tax earnings for the third quarter of 1992 were $12,221,000, vs. $10,514,000 for the similar period in 1991, representing a 16 percent increase. Further, pre-tax earnings for the first nine months of 1992 were $35,854,000, vs. $30,783,000 in 1991, also representing a 16 percent increase.
 During the third quarter of 1992, the company strengthened its workers' compensation insurance loss reserves by approximately $10 million. This reserve strengthening was offset by an $11.8 million realized investment gain. The company expects this loss reserve strengthening to be sufficient to cover unexpected prior-year loss development that might otherwise have affected 1992 earnings.
 Pre-tax earnings for the workers' compensation insurance operations for the third quarter of 1992 were $11 million, vs. $10.3 million for the same quarter in 1991. For the first nine months of 1992 as well as 1991, pre-tax earnings were $31 million.
 The company's financial service businesses reported a significant increase in pre-tax earnings for the first nine months and third quarter of 1992. Pre-tax earnings from financial services in the first nine months increased by 52 percent to $11.4 million from $7.5 million in 1991. Third quarter pre-tax income totalled $4.0 million, vs. $3.1 million for the like period a year ago. The company expects this upward trend to continue for the remainder of 1992 and through 1993.
 Fremont General Corp. is a holding company, engaged through subsidiaries in select insurance and financial service businesses.
 FREMONT GENERAL CORP. AND SUBSIDIARIES
 Consolidated Statements of Income
 (Thousands of dollars, except per share data)
 Three Months Ended Six Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Revenues
 Premiums $113,750 $109,731 $323,408 $328,150
 Net investment
 income 31,942 17,607 71,639 58,910
 Loan interest 15,809 17,982 50,108 44,649
 Other revenue 2,346 2,374 6,348 5,360
 Total revenues 163,847 147,894 451,503 437,069
 Expenses
 Losses and loss
 adjustment
 expenses 100,871 79,409 264,853 240,724
 Operating costs
 and expenses 39,669 38,149 110,888 110,630
 Dividends to
 policyholders 0 9,943 7,376 26,554
 Interest expense 10,886 9,679 32,552 28,178
 Total expenses 151,626 137,180 415,649 406,288
 Total 12,221 10,514 35,854 30,783
 Provision for
 income taxes 3,540 2,127 10,580 7,258
 Income before
 discontinued
 operations 8,681 8,387 25,274 23,525
 Discontinued
 operations: 0 0 0 (964)
 Net income $8,681 $8,387 $25,274 $22,561
 Per share data (a):
 Income before
 discontinued
 operations $1.05 $1.02 $3.05 $2.85
 Discontinued
 operations 0.00 0.00 0.00 (0.12)
 Net income $1.05 $1.02 $3.05 $2.73
 (a) Based on weighted average shares: 1992 -- 8,286,000; 1991 -- 8,276,000.
 -0- 10/26/92
 /CONTACT: W.R. Bailey of Fremont General, 310-315-5500/
 (FRMT) CO: Fremont General Corp. ST: California IN: INS FIN SU: ERN


BP-LS -- LA030 -- 4904 10/26/92 14:27 EST
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Date:Oct 26, 1992
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