AVEMCO Corp. .. .. .... .. .. .. .. .. Ticker...

EARNINGS

January 30, 1993

AVEMCO Corp.

.. .. .... .. .. .. .. .. Ticker .. .. .. .. ... .. ... Yesterday's

.. .. .. .. .. .. .. .. .. Symbol .. .. .. .. .. .. .. Cls. ..Chg.

.. .. .. .. .. .. .. ... . AVE .. .. .. .. .. .. .. .. . . 23 3/8 - 3/8

Period ended

Dec. 31, 1992 .. .. .. .. 4th qtr. .. ... Year ago .. .. .. .. Chg.

Revenue .. .. .. .. .. .. $21,085 .. .. .. $20,572 .. .. .. . +2.5%

Net Income .. .. .. .. .. $2,023 .. .. .... $3,111 .. .. .. ..-35.0%

Primary EPS .. .. .. .. . $0.17 .. .. .. . $0.27 .. .. .. ...-37.0%

.. .. .. .. .. .. .. .. . Year .. .. .. ... Year ago .. .. .. ..Chg.

Revenue .. .. .. .. .. .. $86,923 .. .. ... $84,540 .. .. .. . +2.8%

Net Income .. .. .. .. ... $9,603 .. .. .. $15,410 .. .. .. .-37.7%

Primary EPS .. .. .. .. .. $0.82 .. .. .. .. $1.34 .. .. .. .-38.9%

Figures in thousands (except per share data.)

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