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ALLIED GROUP, INC. ESTIMATES 1992 EARNINGS

 DES MOINES, Iowa, Jan. 22 /PRNewswire/ -- ALLIED Group, Inc. (NASDAQ: ALGR) today estimated fully diluted earnings per share in the range of $.72 to $.78 for the fourth quarter ended Dec. 31, 1992, which corresponds to annual fully diluted earnings per share in the $2.87 to $2.93 range. The fourth quarter and annual 1991 fully diluted earnings per share were $.56 and $2.01, respectively.
 Excluding net realized investment gains, fully diluted earnings per share are estimated to be in the range of $.71 to $.77 for the fourth quarter of 1992, and $2.73 to $2.79 for the full year 1992. Excluding net realized investment gains, the fourth quarter and annual 1991 fully diluted earnings per share were $.55 and $1.83, respectively.
 The company attributes the increase in estimated earnings per share compared with actual results of the prior year to improved experience in its property-casualty segment. ALLIED Group, Inc., plans to report actual 1992 earnings on or about Feb. 5, 1993.
 ALLIED Group, Inc, is a regional property-casualty insurance holding company headquartered in Des Moines, operating primarily in the central and western United States.
 -0- 1/22/93
 /CONTACT: Jim Shaffer of ALLIED Group, Inc., 515-280-4326/
 (ALGR)


CO: ALLIED Group, Inc. ST: Iowa IN: INS SU: ERP

DS -- MN003 -- 7792 01/22/93 09:42 EST
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Publication:PR Newswire
Date:Jan 22, 1993
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