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PUBLIC OFFERING OF ALLIED GROUP, INC. COMMON STOCK PRICED AT $37 PER SHARE

 DES MOINES, Iowa, Feb. 10 /PRNewswire/ -- A public offering of 1,500,000 shares of common stock of ALLIED Group, Inc. (NASDAQ: ALGR), including 850,000 shares by the company and 650,000 shares by ALLIED Mutual Insurance Company, was priced at $37 per share through underwriters represented by Alex. Brown & Sons Incorporated and Kemper Securities, Inc. The underwriters have been granted an over-allotment option by the company to purchase up to an additional 225,000 shares.
 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.
 Copies of the prospectus may be obtained from Alex. Brown & Sons Incorporated, 135 E. Baltimore Street, Baltimore, Md. 21202, or from Kemper Securities, Inc., 77 West Wacker Drive, Chicago, Ill. 60601.
 -0- 2/10/93
 /CONTACT: Jim Shaffer of ALLIED Group, 515-280-4326/
 (ALGR)


CO: Allied Group, Inc. ST: Iowa IN: INS SU: OFR

AL -- MN001 -- 4980 02/10/93 07:59 EST
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Publication:PR Newswire
Date:Feb 10, 1993
Words:182
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