Website: N/A
Stock Symbol: NASDAQ: HGIC
Market Value: N/A (in millions)
Harleysville Group Inc. (the Company) is an insurance holding company
headquartered in Pennsylvania which, through its subsidiaries, engages in the
property and casualty insurance business on a regional basis. As used herein,
“Harleysville Group” refers to Harleysville Group Inc. and its subsidiaries.
The Company is a Delaware corporation formed by Harleysville Mutual Insurance
Company (the Mutual Company) in 1979 as a wholly owned subsidiary. In May 1986,
the Company completed an initial public offering of its common stock, reducing
the percentage of outstanding shares owned by the Mutual Company to
approximately 70%. In April 1992, the Mutual Company completed a secondary
public offering of a portion of the Company’s common stock then owned by it,
further reducing the percentage of outstanding shares owned by the Mutual
Company. At December 31, 2007, the Mutual Company owned approximately 53% of the
Company’s outstanding shares.