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FREMONT GENERAL CORP. ANNOUNCES THIRD QUARTER INSURANCE LOSS RESERVE STRENGTHENING WILL BE OFFSET BY REALIZED INVESTMENT GAINS

 FREMONT GENERAL CORP. ANNOUNCES THIRD QUARTER INSURANCE LOSS


RESERVE STRENGTHENING WILL BE OFFSET BY REALIZED INVESTMENT GAINS
 SANTA MONICA, Calif., Aug. 3 /PRNewswire/ -- Fremont General Corp. (NASDAQ: FRMT) announced today that it has strengthened its workers' compensation insurance loss reserves by approximately $10 million in the third quarter of 1992. This loss reserve strengthening was offset by realized investment gains, and, as a result, there will be no negative impact on net income for the quarter. Further, this addition to loss reserves should establish loss reserves at a level which will adequately cover unexpected prior year loss development that might otherwise have affected 1992 earnings.
 Fremont General Corp. is a holding company, engaged through subsidiaries in select insurance and financial service businesses.
 -0- 8/3/92
 /CONTACT: Wayne R. Bailey of Fremont General Corp., 310-315-5500/
 (FRMT) CO: Fremont General Corp. ST: California IN: INS SU:


LS-KJ -- LA024 -- 6274 08/03/92 15:48 EDT
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Publication:PR Newswire
Date:Aug 3, 1992
Words:154
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