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GEICO CORPORATION REPORTS WEATHER-RELATED LOSSES AFFECTING FIRST QUARTER EARNINGS

GEICO CORPORATION REPORTS WEATHER-RELATED LOSSES AFFECTING FIRST
 QUARTER EARNINGS
 WASHINGTON, April 15 /PRNewswire/ -- GEICO Corporation (NYSE: GEC) will release 1992 first quarter earnings on May 6. Those earnings will be affected by weather-related events that occurred during the quarter including a severe hail storm in the Orlando, Fla., area on March 25. The estimate of incurred losses for all such storms during the quarter is $15.5 million pretax. This will reduce earnings by approximately 71 cents per share.
 GEICO Corporation is the parent company of Government Employees Insurance Company, which is referred to as GEICO. GEICO insures private passenger automobiles of preferred risk individuals employed by the federal government or the military. It also provides homeowner coverage and other types of insurance for qualified applicants. GEICO General Insurance Company, a subsidiary of GEICO, insures private passenger automobiles for preferred risks other than federal or military employees. GEICO Indemnity Company, also a subsidiary of GEICO, insures standard risk individuals.
 -0- 4/15/92
 /CONTACT: Carroll R. Franklin, director of investor relations, GEICO, 301-986-2055/
 (GEC) CO: GEICO Corporation ST: District of Columbia IN: INS SU:


DC-TW -- DC006 -- 8574 04/15/92 10:04 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:193
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