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UNITED INSURANCE COMPANIES REPORTS RESULTS

 DALLAS, Feb. 11 /PRNewswire/ -- United Insurance Companies, Inc. (NASDAQ-NMS: UICI) announced today results for the year ended Dec. 31, 1992.
 The company reported net income of $27,542,000 or $3.15 per share for 1992 compared to $16,908,000 or $2.01 per share for 1991. Included in net income is gains on the sale of investments of $0.75 per share in 1992 compared to gains on the sale of investments of $0.40 per share in 1991.
 Net income for the three months ended Dec. 31, 1992 was $6,744,000 or $0.77 per share compared to $5,439,000 or $0.64 per share for the corresponding period of 1991. Included in net income for the three months is gains on the sale of investments of $0.07 per share in 1992 and $0.20 per share in 1991.
 A comparison of operating results for 1992 and 1991l?lows:
 UNITED INSURANCE COMPANIES
 Operating Results
 Three months ended 12 months ended
 Dec. 31 Dec. 31
 1992 1991 1992 1991
 Revenues $100,179,000 $ 92,652,000 $371,344,000 $311,964,000
 Net income 6,744,000 5,439,000 27,542,000 16,908,000
 Fully diluted net
 income per share $0.77 $0.64 $3.15 $2.01
 -0- 2/11/93
 /CONTACT: Vernon R. Woelke, treasurer of United Insurance Companies, 214-960-8497/
 (UICI)


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

WB -- NY029 -- 5612 02/11/93 10:35 EST
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Date:Feb 11, 1993
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