Connie Lee Insurance Co. said Tuesday that second-quarter profits rose 59% from the same period last year, moving to $1.9 million from $1.2 million.

Net income rose 21% for the first six months of 1993, to $3.4 million from $2.8 million.

Connie Lee, which provides credit enhancement for higher education and education-related healthcare bonds, is rated AAA by Standard & Poor's Corp. It does not having a rating from any other agency.

The company insured $410.7 million of bonds through June 1993, a 38% increase from the $298 million insured in the first six months of 1992.

Revenues for the first half of the year totaled $8.9 million, compared with $7.5 million posted between January and June of 1992.

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