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INTEGON PRICES STOCK FOR INITIAL PUBLIC OFFERING

 INTEGON PRICES STOCK FOR INITIAL PUBLIC OFFERING
 WINSTON-SALEM, N.C., Feb. 7 /PRNewswire/ -- Integon Corporation


(NYSE: IN) announced this morning that it has set an offering price of $15.25 per share for the initial public offering of 6.5 million shares of its common stock. All of the shares offered are being sold by the company.
 James T. Lambie, Integon's president, said that he is pleased with the initial offering price and the interest in the company by the investment community. "Integon Corporation has a focused approach to the nonstandard auto insurance market and plans to expand its operations. The offering opens a new chapter for our company, one which we believe is filled with opportunity for our investors, our employees and our policyholders."
 Integon is being divided into two operating entities: the property and casualty insurance operations, which is owned by Integon Corporation, whose stock is the subject of the public offering; and the life insurance operations. The owners, Jupiter Industries, Inc. and an affiliate of John Head & Partners L.P., are maintaining a controlling interest in the public company and will retain full ownership interest in the life insurance operations.
 Underwriters for the offering are Smith Barney, Harris Upham & Co. Incorporated and Donaldson, Lufkin & Jenrette Securities Corporation.
 Integon, whose operations are presently concentrated in North Carolina, Virginia, Tennessee and Georgia, sells nonstandard automobile insurance through its subsidiaries Integon General Insurance Corporation, Integon Indemnity Corporation, New South Insurance Company and Integon Specialty Insurance Company.
 -0- 2/7/92
 /CONTACT: Turner Coley of Turner Coley Associates, 919-760-3000, for Integon Corporation/
 (IN) CO: Integon Corporation ST: North Carolina IN: INS SU: OFR


CM -- CH001 -- 8061 02/07/92 08:59 EST
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Date:Feb 7, 1992
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