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August 15, 2005

Bexil Corporation Announces Second Quarter 2005 Financial Results

NEW YORK -- Bexil Corporation (AMEX: BXL) today reported its financial results for the second quarter of 2005.

BEXIL CORPORATION UNAUDITED CONDENSED STATEMENTS OF INCOME

	Three Months Ended June 30		Six Months Ended June 30
	2005	2004*	2005	2004*
Revenues :
Consulting fees	$ 37,500	$ 24,999	$ 75,000	$ 49,998
Other	21,402	11,764	47,123	52,206

	58,902	36,763	122,123	102,204

Expenses:
General and administrative	177,266	179,252	332,773	382,743
Communication	4,877	12,192	8,281	16,977
Professional fees	156,238	64,167	172,738	82,965

	338,381	255,611	513,792	482,685

Loss before income taxes
and equity in earnings of
York Insurance Services
Group, Inc.	(279,479)	(218,848)	(391,669)	(380,481)
Income tax benefit	(43,362)	(47,929)	(31,620)	(65,173)
Equity in earnings of York
Insurance Services Group, Inc.	586,043	456,348	1,180,462	975,853

Net income	$ 349,926	$ 285,429	$ 820,413	$ 660,545


Per share net income:
Basic	$ 0.40	$ 0.32	$ 0.93	$ 0.75
Diluted	$ 0.40	$ 0.32	$ 0.93	$ 0.75
Average shares outstanding:
Basic	879,591	879,591	879,591	879,591
Diluted	879,591	879,591	879,591	880,249

* Note: The unaudited statements of income for the three and six month periods ended June 30, 2004 were restated to correct the presentation in earnings of York Insurance Services Group, Inc. The restatement presents the equity in earnings of York after income taxes on the statement of income instead of as a component of revenue as originally reported. The correction had no effect on net income or earnings per share.

Bexil Corporation is a holding company. Our primary holding is a 50% interest in privately held York Insurance Services Group, Inc. ("York"). We account for our interest in York using the equity method, therefore York's financial results are not consolidated with our own.

Three Months Ended June 30, 2005 Compared to Three Months Ended June 30, 2004

For the three months ended June 30, 2005 compared to the three months ended June 30, 2004, total revenue of $58,902 increased $22,139 or 60.2% from $36,763, due to an increase in consulting fees of $12,500 and other revenue of $9,638. The increase in other revenue was due primarily to dividends earned from money market fund balances. The equity in the earnings of York of $586,043 increased $129,695 or 28.4% due to York's increased earnings. York's revenue in the same comparable period increased 25.7%.

Total expenses of $338,381 increased $82,770 or 32.4% compared to the same period in 2004. Professional fees increased $92,071 or 143.5% primarily due to an increase in audit fees. General and administrative and communications expenses decreased $9,301.

Net income for the three months ended June 30, 2005 was $349,926 or $0.40 per share on a diluted basis as compared to net income of $ 285,429 or $0.32 per share on a diluted basis for the three months ended June 30, 2004.

Six Months Ended June 30, 2005 Compared to Six Months Ended June 30, 2004

For the six months ended June 30, 2005 compared to the six months ended June 30, 2004, total revenue of $122,123 increased $19,919 or 19.5% from $102,204, due to an increase in consulting fees of $25,002 partially offset by a decrease in other revenue of $5,083. The equity in the earnings of York of $1,180,462 increased $204,609 or 21.0% due to York's increased earnings. York's revenue in the same comparable period increased 20.3%.

Total expenses of $513,792 increased $31,107 or 6.4% compared to the same period in 2004. Professional fees increased $89,773 or 108.2% primarily due to an increase in audit fees. General and administrative expenses decreased $49,970 or 13.1% due to lower compensation costs and directors fees of approximately $37,000 and $11,000, respectively. Communications expense decreased $8,696.

Net income for the six months ended June 30, 2005 was $820,413 or $0.93 per share on a diluted basis as compared to net income of $660,545 or $0.75 per share on a diluted basis for the six months ended June 30, 2004.

York is one the leading privately owned insurance services business process sourcing companies in the United States. Since the 1930's, York through predecessor companies, has served as both an independent adjustment company and third party administrator providing claims data and risk related services to insurance companies, self insureds, and intermediaries throughout the United States. More recently York has established business units the program management, licensed private investigation, recovery, environmental consulting, retail logistics and large/complex loss adjusting markets.

York's summarized and unaudited condensed financial information for the six months ended June 30, 2005 and 2004 was as follows:

York Insurance Services Group, Inc

	Six Months Ended June 30,
	2005	2004

Revenues	$ 34,139,589	$ 28,380,576
Expenses	$ 30,002,810	$ 25,309,800
Net Income	$ 2,360,926	$ 1,951,706

Working Capital	$ 11,512,969	$ 10,409,373
Total Assets	$ 27,359,677	$ 24,780,031
Total Liabilities	$ 11,151,779	$ 10,022,447
Shareholder's Equity	$ 16,207,898	$14,757,584

More information about Bexil may be found at its web site http://www.bexil.com.

This press release may contain "forward looking information" and "forward looking statements" and similar expressions that reflect Bexil's current expectations about its future performance, and are subject to risks, uncertainties and other factors that could cause Bexil's actual performance to differ materially from those expressed in, or implied by, the forward looking information and these forward looking statements.

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