ACADEMY INSURANCE GROUP INC <ACIG> 4TH QTR NET Shr profit two cts vs loss 1.05 dlrs Net profit 1,666,000 vs loss 18,306,000 Revs 29.1 mln vs 28.3 mln Avg shrs 69.1 mln vs 17.5 mln Year Shr loss 21 cts vs loss 2.72 dlrs Net loss 7,571,000 vs loss 45,517,000 Revs 117.4 mln vs 123.3 mln Avg shrs 35.4 mln vs 16.7 mln NOTE: Results include losses of nil vs 473,000 dlrs, or three cts a share, in quarter and 921,000 dlrss, or three cts a share, vs 1,137,000 dlrs or seven cts a share, in year from discontinued operations