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Press Releases

August 13, 2004

Bexil Corporation Announces Financial Results for the Second Quarter Ended June 30, 2004

NEW YORK -- Bexil Corporation (AMEX: BXL) today announced its financial results for the second quarter ended June 30, 2004.

    Three Months
    Ended June 30

    Six Months
    Ended June 30

    2004

    2003

    2004

    2003

  Revenues :

  

  

  Interest and other income

$ 36,763  

$ 37,884  

$ 102,204  

$ 83,706  

  Equity in earnings of
  unconsolidated affiliate

456,348  

401,904  

975,853  

1,355,275  

493,111  

439,788  

1,078,057  

1,438,981  

  Expenses:

  

  

  General and administrative

179,252  

139,756  

382,743  

260,599  

  Communication costs

12,192  

8,875  

16,977  

12,545  

  Professional fees

64,167  

26,585  

82,965  

49,605  

255,611  

175,216  

482,685  

322,749  

  Income before income taxes

237,500  

264,572  

595,372  

1,116,232  

  Income tax expense (benefit)

(47,929)  

17,828  

(65,173)  

21,975  

  Net income

$ 285,429  

$ 282,400  

$ 660,545  

$ 1,094,257  

  Per share net income:

  

  

  Basic

$ 0.32  

$ 0.32  

$ 0.75  

$ 1.26  

  Diluted

$ 0.32  

$ 0.32  

$ 0.75  

$ 1.26  

  Average shares outstanding:

  

  

  Basic

879,591  

871,359  

879,591  

869,109  

  Diluted

879,591  

871,359  

880,249  

869,109  

 

 

   

 

   

Bexil's primary business is comprised of its 50% interest in privately held York Insurance Services Group, Inc. ("York"). Since the 1930's, York's affiliates have served as third party administrators and independent adjusters providing claims data and risk related services to insurance carriers, self insureds, public entities, brokers, Management Buyout, Leveraged buyout financing, LBO, and other intermediaries. York's claims services include property & casualty, workers' compensation, special investigative unit services & surveillance, transportation & logistics, environmental, construction, and inland & ocean marine. York is a 50% owned unconsolidated affiliate accounted for by the equity method.

York Insurance Services Group, Inc

2004

2003   

  Revenues :

  

  Sales

$ 28,380,576  

$ 24,739,656  

  Expenses

$ 25,309,800  

$ 19,901,202  

  Net Income

$ 1,951,718  

$ 2,710,549  

  

  

  

  Working Capital

$ 10,409,373  

$ 5,636,579  

  Total Assets

$ 24,780,031  

$ 20,206,718  

  Long Term Debt

$ 1,658,900  

$ 1,514,911  

  Shareholder's Equity

$ 14,757,584  

$ 9,916,293  

Press Release Links

September 13, 2004
Bexil Corporation Announces Conference Call
August 13, 2004
Bexil Corporation Announces Financial Results for the Second Quarter Ended June 30, 2004
May 17, 2004
Bexil Corporation Announces Financial Results for the First Quarter 2004
March 1, 2004
Bexil Corporation Omits First Quarter Dividend
January 6, 2004
Bexil Corporation Announces Deregistration



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