Unitrin, Inc. Completes Acquisition of The Reliable Life Insurance Company.CHICAGO--(BUSINESS WIRE)--June 3, 1998--Unitrin, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :UNIT) and The Reliable Life Insurance Company (NASDAQ:RLIFA) announced today that the previously announced acquisition of Reliable by Unitrin has been completed. Unitrin is issuing approximately 3,760,000 shares of Unitrin common stock to former Reliable shareholders in the transaction. The transaction is being accounted for as a purchase. Reliable operates throughout Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. , Arkansas Arkansas, river, United StatesArkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. and Texas in the business of life and health insurance. Reliable's home office operations will continue to be conducted in Webster Groves, Missouri Webster Groves is a city in St. Louis County, Missouri, United States. The population was 23,230 at the 2000 census. The city is named after New England politician Daniel Webster. Geography Webster Groves is located at (38. . Unitrin's subsidiaries are engaged in three business areas: property and casualty insurance, life and health insurance, and consumer finance.
CONTACT: Unitrin
Scott Renwick, 312/661-4930
or
Reliable
Greg LaVigne, 314/968-6742
URL: www.unitrin.com
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