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ALLIED GROUP, INC. RAISES COMMON STOCK DIVIDEND SEVENTH YEAR IN A ROW

 DES MOINES, Iowa, March 2 /PRNewswire/ -- The board of directors of ALLIED Group, Inc. (NASDAQ: ALGR) approved an $0.18 quarterly common stock dividend payable March 31, 1993 to stockholders of record on March 19. This is a 12.5 percent increase over the 1992 rate. According to John E. Evans, president and board chairman, the $0.02 quarterly raise was consistent with the company's goal of providing its stockholders steady dividend increases and served to express the board's confidence in future performance. This is the seventh year in a row that ALLIED Group, Inc. has raised its dividend.
 The annual meeting of stockholders will be held May 26, 1993 for stockholders of record March 30.
 ALLIED Group, Inc. is a regional property-casualty insurance holding company specializing in personal lines. The company's property-casualty subsidiaries use independent agencies, exclusive agencies, and direct response marketing to offer products in the suburban and rural areas of the central and western states.
 -0- 3/2/93
 /CONTACT: Jim Shaffer of ALLIED Group, 515-280-4326/
 (ALGR)


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

AL -- MN009 -- 1972 03/02/93 12:53 EST
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Publication:PR Newswire
Date:Mar 2, 1993
Words:189
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