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HARLEYSVILLE GROUP INC. INCREASED QUARTERLY DIVIDEND BY 17 PERCENT

 HARLEYSVILLE GROUP INC. INCREASED QUARTERLY DIVIDEND BY 17 PERCENT
 HARLEYSVILLE, Pa., Aug. 26 /PRNewswire/ -- The board of directors of Harleysville Group Inc. (NASDAQ: HGIC) announced that it has increased the company's regular quarterly cash dividend by 17 percent to $0.14 per share from $0.12 per share.
 The dividend is payable on Sept. 30, 1992, to stockholders of record on Sept. 10, 1992. The board of directors has increased the regular annual cash dividend every year since the company went public in 1986. This also marks the 25th consecutive quarter during the past six years the company has paid a dividend.
 Harleysville Group Inc. is a regional holding company for six property and casualty insurers whose marketing territory encompasses the entire East Coast. The companies include: Atlantic Insurance Company of Savannah, Connecticut Union Insurance Company, Harleysville Insurance Company of New Jersey, Huron Insurance Company, New York Casualty Insurance Company and Worcester Insurance Company. Harleysville Group also manages the operations of Berkshire Mutual Insurance Group, the financial results of which are not consolidated into Harleysville Group. Harleysville Group's property/casualty subsidiaries are rated A+ (Superior) by the A.M. Best Company.
 /delval/
 -0- 8/26/92
 /CONTACT: Frederick W. Baker, assistant vice president- communications of Harleysville Group, 215-256-5287/
 (HGIC) CO: Harleysville Group Inc. ST: Pennsylvania IN: INS SU: DIV


MP -- PH030 -- 3503 08/26/92 13:32 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:228
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