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Intersections Inc. Reports Third Quarter 2012 Earnings

Intersections Inc. (NASDAQ: INTX) today announced financial results for the quarter ended September 30, 2012. Revenue for the quarter ended September 30, 2012 was $86.7 million, as compared to $94.3 million for the quarter ended September 30, 2011. Consolidated adjusted EBITDA before share related compensation for the quarter ended September 30, 2012 was $14.8 million, compared to $13.3 million for the quarter ended September 30, 2011. Net income for the quarter ended September 30, 2012 was $5.7 million, as compared to $4.6 million for the quarter ended September 30, 2011. Revenue for the nine months ended September 30, 2012 was $264.8 million, as compared to $278.9 million for the nine months ended September 30, 2011. Consolidated adjusted EBITDA before share related compensation for the nine months ended September 30, 2012 was $47.4 million compared to $40.7 million for the nine months ended September 30, 2011. Net income for the nine months ended September 30, 2012 was $18.1 million, compared to $14.4 million for the nine months ended September 30, 2011. Cash flow provided by operations for the nine months ended September 30, 2012 was $38.6 million. Diluted earnings per share increased to $0.30 for the third quarter of 2012 from $0.24 for the third quarter of 2011. Diluted earnings per share increased to $0.96 for the nine months ended September 30, 2012, from $0.76 for the nine months ended September 30, 2011.

On October 25, 2012, Intersections announced that its Board of Directors declared a one-time special cash dividend of $0.50 per share and a quarterly cash dividend of $0.20 per share, both payable on November 30, 2012 to stockholders of record as of November 20, 2012. This represents Intersections’ 10th consecutive ordinary quarterly cash dividend. Based on the closing price on November 7, 2012 of $9.63 per share, our quarterly cash dividend represents an effective annual dividend yield of 8.3 percent, and our special dividend represents an incremental yield to investors of 5.2%.

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