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UNITED WISCONSIN SERVICES, INC. DECLARES QUARTERLY DIVIDEND

 MILWAUKEE, May 26 /PRNewswire/ -- The Board of Directors of United Wisconsin Services, Inc. (NASDAQ: UWSI) today declared a quarterly dividend on its common stock of $.12 per share. This dividend is payable on June 23, 1993 to shareholders of record at the close of business on June 9, 1993.
 As in previous quarters, the dividends paid to UWSI's parent company, Blue Cross & Blue Shield United of Wisconsin (BC&BSUW), which owns approximately 81 percent of the outstanding shares of common stock of UWSI, will be returned to UWSI in the form of a capital contribution.
 In other action, the UWSI Board of Directors elected William R. Johnson as a director of the company. Johnson founded and served as chairman, president and chief executive officer of National Investment Services of America, Inc. a subsidiary of NN Corporation. Prior to that, he served as executive vice president, treasurer and director of Northwestern National Insurance Group. Currently Johnson is president of Johansen Capital Associates, Inc., an independent financial and investment counseling firm which serves corporations and high net worth individuals.
 United Wisconsin Services, Inc., formerly a wholly-owned subsidiary of Blue Cross & Blue Shield United of Wisconsin, is a leading Midwest based provider of managed care services and insurance products.
 Compcare Health Services Insurance Corporation, a wholly owned subsidiary of United Wisconsin Services, is Wisconsin's largest and oldest health maintenance organization. In addition, UWSI has a joint venture agreement with American Medical Security, Inc., which markets and administers, on behalf of UWSI, low cost health insurance to employers with typically 25 or fewer employees. In addition to health insurance, UWSI, through the United Wisconsin Group, also underwrites and markets long-term and short-term disability, vision, life, workers' compensation and other insurance. Through various other subsidiaries, UWSI also markets managed care services and computer software for electronic claims processing to health care providers.
 -0- 5/26/93
 /CONTACT: Tom Luljak, director, corporate communications, of United Wisconsin Services, 414-226-5756/
 (UWSI)


CO: United Wisconsin Services, Inc. ST: Minnesota and Wisconsin IN: HEA SU: DIV

DB -- MN011 -- 2594 05/26/93 16:25 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:345
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