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HARLEYSVILLE GROUP INC. INCREASES QUARTERLY DIVIDEND BY 14 PERCENT

 HARLEYSVILLE, Pa., Aug. 25 /PRNewswire/ -- The board of directors of Harleysville Group Inc. (NASDAQ: HGIC) has increased the company's regular quarterly cash dividend by 14 percent to $0.16 per share from $0.14 per share.
 The dividend is payable on Sept. 30, 1993, to stockholders of record on Sept. 15, 1993. The board of directors has increased the regular annual cash dividend every year since the company went public in 1986. This also marks the 29th consecutive quarter during the past seven years the company has paid a dividend.
 Harleysville Group Inc. is a regional holding company for six property and casualty insurance companies whose marketing territory encompasses the entire East Coast. The companies include: Connecticut Union Insurance Company, Harleysville-Atlantic 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 Harleysville Mutual Insurance Company and its wholly owned subsidiaries, as well as Berkshire Mutual Insurance Group. The financial results of these managed companies are not consolidated into Harleysville Group. Harleysville Group's property/casualty subsidiaries are rated A+ (Superior) by the A.M. Best Company.
 /delval/
 -0- 8/25/93
 /CONTACT: Frederick W. Baker of Harleysville Group, 215-256-5287/
 (HGIC)


CO: Harleysville Group Inc. ST: Pennsylvania IN: INS SU: DIV

MJ-LJ -- PH013 -- 0366 08/25/93 13:07 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
Words:225
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