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UNITED INVESTORS MANAGEMENT COMPANY THIRD QUARTER EARNINGS UP 23 PERCENT

 UNITED INVESTORS MANAGEMENT COMPANY THIRD QUARTER EARNINGS
 UP 23 PERCENT
 BIRMINGHAM, Ala., Oct. 15 /PRNewswire/ -- United Investors Management Company (NYSE: UTD) reported today that net income for the nine months ended Sept. 30 was $1.48 per share.
 R.K. Richey, chairman, stated that this represents a 17 percent increase over the $1.27 per share earned in the first nine months of 1991. Realized gains included in net income were $.04 per share for the first nine months of 1992; realized gains were not significant in the same period in 1991. Total net income for the nine months ended Sept. 30 was $56.6 million, up 18 percent from $48.1 million a year ago.
 Net income for the third quarter of 1992 was $.53 per share, a 23 percent increase over the $.43 per share reported for the same period a year ago. Realized gains for the third quarter of 1992 were $.01 per share and were not significant in the third quarter of 1991. Total net income for the quarter increased 25 percent to $20.3 million, compared to $16.2 million in the third quarter of 1991.
 Total revenues for the nine-month period were $246.1 million, up 18 percent from the first nine months of 1991. Financial services revenue was $101 million, up 20 percent from $84 million a year ago. Net investment income for the first nine months was up 12 percent to $46.7 million. Premium income and policy charges were $45.6 million, a 6 percent increase over 1991's comparable amount of $43.1 million.
 At Sept. 30, assets under management at Waddell & Reed were $11.1 billion, a 13 percent increase from a year ago. Annualized premium in force increased to $65.1 million; total deposit account values were $562.2 million, and total insurance in force increased to $14.4 billion.
 Total assets and shareholders' equity at Sept. 30 were $1.4 billion and $500.8 million, respectively. Annualized return on equity for the first nine months of 1992 was 16 percent.
 -0- 10/15/92
 /CONTACT: William T. Graves, 205-325-4251, or Lee Bartlett, 205-325-4204, both of United Investors Management Company/
 (UTD) CO: United Investors Management Company ST: Alabama IN: INS SU: ERN


BN-EA -- AT013 -- 0575 10/15/92 15:45 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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