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UNITED INSURANCE COMPANIES, INC. REPORT FINANCIAL RESULTS

 UNITED INSURANCE COMPANIES, INC. REPORT FINANCIAL RESULTS
 DALLAS, Oct. 29 /PRNewswire/ -- United Insurance Companies, Inc. (NASDAQ: UICI) reported net income for the third quarter of 1992 of $8,126,000 or $0.91 per share as compared to $4,532,000 or $0.54 per share for the same period in 1991. Net income for the third quarter of 1992 included $0.31 per share of gains on sales of investments as compared to $0.11 per share in 1991.
 Net income for the nine months ended Sept. 30, 1992 was $20,798,000 or $2.38 per share compared to $11,469,000 or $1.38 per share for the corresponding period in 1991. For the nine months, gains on sales of investments were $0.68 in 1992 compared to $0.20 in 1991.
 A comparison of operating results for 1992 and 1991 follows:
 UNITED INSURANCE COMPANIES, INC.
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Revenues $88,807,000 $74,312,000 $271,165,000 $219,312,000
 Net income 8,126,000 4,532,000 20,798,000 11,469,000
 Fully
 diluted
 net income
 per share $0.91 $0.54 $2.38 $1.38
 -0- 10/29/92
 /CONTACT: Vernon R. Woelke, treasurer of United Insurance Companies, Inc., 214-960-8497/
 (UICI) CO: United Insurance Companies, Inc. ST: Texas IN: INS SU: ERN


SM -- NY058 -- 6592 10/29/92 12:40 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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