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ALLMERICA P & C BOARD APPROVES 3-FOR-1 STOCK SPLIT

 WORCESTER, Mass., Dec. 13 /PRNewswire/ -- The board of directors of Allmerica Property & Casualty Companies, Inc. (Allmerica P & C) (NYSE: APY) today voted to approve a three-for-one stock split. The stock split will be effected in the form of a stock dividend.
 As a result of the stock split each Allmerica P & C stockholder will receive an additional two shares of common stock of the corporation for every one share of common stock of the corporation held as of the close of business on Dec. 27, 1993. It is anticipated that certificates representing such additional shares of common stock will be mailed on or about Jan. 17, 1994.
 The board of directors also voted today to increase the quarterly dividend to 4 cents ($.04) per share on the split shares payable Feb. 15, 1994 to stockholders of record on Feb. 1, 1994. The newly declared quarterly dividend of 4 cents per share in combination with the three-for-one stock split, yields a 9 percent increase in dividends payable to stockholders.
 Allmerica P & C is a national property and casualty insurance holding company whose most significant business holdings are The Hanover Insurance Company and Citizens Corporation. It is a member of the Allmerica Financial companies, a diversified group of insurance and financial services companies headquartered in Worcester, Mass.
 -0- 12/13/93
 /CONTACT: Michael F. Buckley, director, public information of Allmerica, 508-855-3099/
 (APY)


CO: Allmerica Property & Casualty Companies, Inc.; Allmerica Financial
 Companies ST: Massachusetts IN: INS SU: DIV


CM-JL -- NE015 -- 3255 12/13/93 14:56 EST
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Publication:PR Newswire
Date:Dec 13, 1993
Words:254
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