Business Services Industry
Harleysville Group Inc. Declares 88th Consecutive Quarterly Dividend
Business Wire, June 10, 2008
HARLEYSVILLE, Pa. -- The Board of Directors of Harleysville Group Inc. (NASDAQ:HGIC) today declared a regular quarterly cash dividend of $0.25 per share, payable June 30, 2008, to shareholders of record on June 16, 2008. This marks the 88th consecutive quarter Harleysville Group has paid a dividend since the company went public in 1986.
Harleysville Insurance is a leading regional provider of insurance products and services for small and mid-sized businesses, as well as for individuals, and ranks among the top 60 U.S. property/casualty insurance groups based on net written premiums. Harleysville was listed recently as #23 in the InformationWeek 500, the publication's annual listing of the most innovative information technology organizations in the U.S., and was the highest-ranked property and casualty insurer on the 2007 list. Harleysville Mutual Insurance Company owns 52 percent of Harleysville Group Inc. (NASDAQ:HGIC), a publicly traded holding company for nine regional property/casualty insurance companies collectively rated A- (Excellent) by A.M. Best Company. Harleysville Group is listed on the NASDAQ Global Select Market, which is comprised of the top third of all NASDAQ member companies and has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. Harleysville Group has paid a dividend every quarter since the company went public in 1986, and was one of 3 percent of public companies recognized with a 2007 Mergent Dividend Achiever Award for its long-term history of dividend increases. Harleysville Insurance--which distributes its products exclusively through independent insurance agencies and reflects that commitment to its agency force by being a Trusted Choice([R]) company partner--currently operates primarily in 32 eastern and midwestern states. Further information can be found on the company's Web site at www.harleysvillegroup.com.
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