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UNITED INSURANCE COMPANIES ANNOUNCES THIRD QUARTER RESULTS

 DALLAS, Nov. 2 /PRNewswire/ -- United Insurance Companies, Inc. (UICI) (OTC: UICI) reported net income for the third quarter of 1993 of $9,664,000 or $1.03 per share as compared to $8,126,000 or $0.91 per share for the same period in 1992. Net income for 1993 included $0.30 per share of gains on sales of investments as compared to gains of $0.31 per share in 1992.
 Net income for the nine months ended Sept. 30, 1993 was $24,931,000 or $2.66 per share compared to $20,798,000 or $2.38 per share for the corresponding period in 1992. Investments were $0.50 per share in 1993 compared to $0.68 per share in 1992.
 A comparison of operating results for 1993 and 1992 follows:
 UNITED INSURANCE COMPANIES, INC.
 Three Months Nine Months
 Ended September 30 Ended September 30
 1993 1992 1993 1992
 Revenues $118,114,000 $ 88,807,000 $326,480,000 $271,165,000
 Net Income 9,664,000 8,126,000 24,931,000 20,798,000
 Fully Diluted Net
 Income Per Share $1.03 $0.91 $2.66 $2.38
 -0- 11/2/93
 /CONTACT: Vernon R. Woelke, treasurer of United Insurance Companies, Inc., 214-960-8497/


CO: United Insurance Companies, Inc. ST: Texas IN: INS SU: ERN

CK -- NY092 -- 9855 11/02/93 17:39 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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