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UNITED INSURANCE COMPANIES ANNOUNCES RESULTS

             UNITED INSURANCE COMPANIES ANNOUNCES RESULTS
    DALLAS, Feb. 11 /PRNewswire/ -- United Insurance Companies, Inc.


(NASDAQ-NMS: UICI), announced results for the year ended Dec. 31, 1991.
    The company reported net income of $16,908,000 or $4.02 per share for 1991 compared to $11,036,000 or $2.73 per share for 1990.  Included in net income is gains on the sale of investments of $0.79 per share in 1991 compared to losses on the sale of investments of $0.02 per share in 1990.
    Net income for the three months ended Dec. 31, 1991 was $5,439,000 or $1.27 per share compared to $3,435,000 or $0.83 per share for the corresponding period of 1990.  Included in net income for the three months is gains on the sale of investments of $0.39 per share in 1991 and $0.03 per share in 1990.
    A comparison of operating results for 1991 and 1990 follows:
                     UNITED INSURANCE COMPANIES, INC.
    Periods ended            Three months              Twelve months
     Dec. 31               1991         1990         1991         1990
    Revenues         $ 92,652,000 $ 72,361,000 $311,964,000 $257,096,000
    Net Income          5,439,000    3,435,000   16,908,000   11,036,000
    Fully Diluted Net
    Income Per Share        $1.27        $0.83        $4.02        $2.73
    -0-        2/11/92
    /CONTACT:  Vernon R. Woelke, treasurer of United Insurance Companies, 214-960-8497/
    (UICI) CO:  United Insurance Companies Inc. ST:  Texas IN:  INS SU:  ERN SH -- NY017 -- 8686 02/11/92 09:45 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 11, 1992
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