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NEW JERSEY ENVIRONMENT FOCUS OF CTN SERIES

 NEW JERSEY ENVIRONMENT FOCUS OF CTN SERIES
 TRENTON, N.J., Jan. 24 /PRNewswire/ -- With the current threat to


New Jersey's environment looming over the health and future of its residents, the Cable Television Network of New Jersey (CTN) will begin airing a new program that deals with the unique environmental problems that face the state and its residents.
 "New Jersey Environment: Straight Talk" is a series that deals with pertinent environmental issues that affect all New Jersey residents. Guests on the program include government officials, politicians and other individuals who have an impact on environmental affairs in New Jersey, and are able to provide useful and educational information to the viewers.
 Beginning on Monday, Jan. 27, the series will air the fourth Monday of each month at 12 noon.
 "New Jersey Environment: Straight Talk" is hosted by Michael J. Gross and George J. Tyler, who head the environmental department in the Middletown, N.J. law firm of Giordano, Halleran and Ciesla. They both have had extensive experience in the environmental field. Gross is a former deputy attorney general and represented the Department of Environmental Protection. Tyler is a former assistant commissioner of the Department of Environmental Protection.
 The program is produced at Storer Cable Communications, located in Eatontown, N.J.
 Check local listings for the CTN channel in your area. CTN is a service of the New Jersey Cable Operators.
 -0- 1/24/92
 /CONTACT: Laura Zdroik of CTN, 800-421-0443/ CO: Cable Television Network of New Jersey, Inc. ST: New Jersey IN: ENT SU:


JT -- NY084 -- 3307 01/24/92 17:24 EST 1990. Largely because of the divestiture of a premium tax software system, the data processing segment's operating income rose to $2.6 million from the 1990 total of $1.7 million.
 Book value per share was $19.77 at year-end 1991. At the end of 1990, it was $18.99.
 ALLIED Group, Inc. is a regional property-casualty insurer specializing in personal lines. The company uses independent agencies, exclusive agencies, and direct response marketing to offer products in central and western states.
 ALLIED GROUP, INC.
 Summarized Financial Information
 Periods ended Three months Twelve months
 Dec. 31 1991(A) 1990(A) 1991(A) 1990
 Summarized Income Statement
 Revenues $91,691,219 $80,514,236 $354,364,554 $304,811,493
 Income from
 continuing oper.
 before income
 taxes 6,105,066 5,572,625 22,122,593 13,204,699
 Income taxes 1,379,558 1,005,085 5,113,461 2,538,490
 Income from
 continuing oper. 4,725,508 4,567,540 17,009,132 10,666,209
 Income from discontinued
 opers. (net of
 income taxes) -- -- -- 1,789,384
 Net income 4,725,508 4,567,540 17,009,132 12,455,593
 Fully Diluted Earnings Per Share
 Income from continuing
 operations $.56 $.65 $2.01 $1.52
 Income from discontinued
 operations -- -- -- .27
 Net income .56 .65 2.01 1.79
 Weighted average
 shares 7,861,109 6,532,972 7,777,573 6,622,244
 (A) -- Information is unaudited.
 ALLIED GROUP, INC.
 Segment Information
 Periods ended Three Months Twelve Months
 Dec. 31 1991(A) 1990(A) 1991(A) 1990
 Revenues (B):
 Property-casualty $65,996,530 $58,368,580 $254,625,106 $222,355,477
 Excess & surplus
 lines 7,027,160 6,005,155 27,967,152 22,781,175
 Investment services 7,964,653 4,902,053 28,095,024 20,604,260
 Data processing 5,905,295 6,121,380 23,960,753 21,048,999
 Eliminations &
 other 4,797,581 5,117,068 19,716,519 18,021,582
 Total 91,691,219 80,514,236 354,364,554 304,811,493
 Operating profit (C):
 Property-casualty 3,590,196 3,584,739 10,471,896 9,072,252
 Excess & surplus
 lines 920,432 970,508 5,289,024 3,382,105
 Investment services 1,491,594 430,692 4,845,480 1,473,147
 Data processing 284,016 757,178 2,583,287 1,664,004
 Eliminations &
 other (D) (181,172) (170,492) (1,067,094) (2,386,809)
 Total $ 6,105,066 $ 5,572,625 $ 22,122,593 $ 13,204,699
 At Dec. 31,
 1991(A) 1990
 Assets:
 Property-casualty $404,631,395 $353,745,011
 Excess & surplus lines 67,247,764 55,121,657
 Investment services 107,794,717 66,128,532
 Data processing 10,164,688 7,917,929
 Eliminations & other (32,202,708) (25,332,550)
 Total $557,635,856 $457,580,579
 (A) -- Information is unaudited.
 (B) -- Includes realized investment gains and losses.
 (C) -- Represents income from continuing operations before income taxes.
 (D) -- Includes interest expense for the year of $1,384,530 in 1991 and $2,277,392 in 1990. Three months ended Dec. 31, 1991 and 1990, includes interest expense of $351,471 and $337,676, respectively.
 -0- 1/24/92
 /CONTACT: Mike Keane of ALLIED Group, 515-280-4391/
 (ALGR) CO: ALLIED Group, Inc. ST: Iowa IN: INS SU: ERN


JT-OK -- NY043 -- 3307 01/24/92 12:49 EST
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Date:Jan 24, 1992
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