INSURANCE EARNINGS

INSURANCE EARNINGS

AMERICAN GENERAL

POSTS RISE IN PROFIT

Fourth-quarter net income at American General Corp., Houston, rose to $119.4 million, or $1.09 a share, from $105.4 million, or 88 cents a share, a year earlier.

Net income for the year fell to $480 million from $562 million.

Operating income at the life insurance, annuity and consumer loan provider rose in the fourth quarter to $117.3 million, or $1.08 a share, from $110.4 million, or 92 cents a share, in 1990.

Year-end operating income rose to $479.4 million, or $4.25 a share, from $425.2 million, or $3.55 a share, a year earlier.

Revenue and deposits in the fourth quarter rose to $1.7 billion from $1.6 billion a year earlier. At the end of 1991, revenue and deposits rose to $6.6 billion from $6.3 billion.