8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7, 2010

Penn Millers Holding Corporation
(Exact name of registrant as specified in its charter)

Pennsylvania	001-34496	80-0482459
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

72 North Franklin Street, PO Box P Wilkes-Barre, Pennsylvania	18773
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (800) 233-8347

Not Applicable

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On July 7, 2010 Penn Millers Holding Corporation (the Company) issued a press release reporting its preliminary estimate of catastrophe losses incurred during the second quarter of 2010. The press release is furnished as Exhibit 99.1 to this Form 8-K.

The information provided in this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release of Penn Millers Holding Corporation, dated July 7, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PENN MILLERS HOLDING CORPORATION
Date: July 7, 2010	By:	/s/ Michael O. Banks
		Michael O. Banks
		Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release of Penn Millers Holding Corporation, dated July 7, 2010

EX-99.1

Exhibit 99.1

PRESS RELEASE

For Immediate Release
Contact Michael O. Banks — 570-200-1340

Penn Millers Announces Second Quarter 2010 Catastrophe Losses

Wilkes-Barre, Pennsylvania, (Business Wire) July 7, 2010 — Penn Millers Holding Corporation (NasdaqGM: PMIC), (“the Company”) today announced that it estimates that it incurred pre-tax catastrophe losses, net of reinsurance, of approximately $4.9 million for the second quarter ending June 30, 2010. The majority of the losses arose from four claims in the Company’s Agribusiness segment. These four losses arose from severe weather events that included tornadoes in Arkansas, Minnesota and Kansas; and a windstorm in Illinois.

Douglas A. Gaudet, the Company’s President and Chief Executive Officer noted that “These violent storms hit a small number of our large Agribusiness customers spread throughout the Midwest. Our Claims staff has been working vigorously to help our policyholders get back to business quickly and to minimize any interruption in their operations. We are confident that we will deliver the high level of service that they and our brokers expect from us.”

“We continue to market, price and reinsure our products in our Agribusiness and Commercial Business segments under a philosophy of underwriting discipline designed to protect us from losses we cannot absorb over the long-term, however, catastrophe and weather loss ratios will vary significantly quarter to quarter due to the volatility of the frequency and the severity of such losses, relative to the small size of our company. We typically experience the highest level of weather-related loss activity in the second quarter of the year. Over the last five years, our loss ratio from catastrophes in the second quarter has averaged about 8 points. The catastrophe losses in this quarter are estimated to add about 29 loss ratio points for the quarter and will cause the Company to incur a loss from operations for the second quarter.”

The Company expects to file its second quarter Form 10-Q with the Securities and Exchange Commission on, or before, August 17, 2010.

In this press release the Company and its management discuss and make statements based on currently available information regarding their intentions, beliefs, current expectations and projections regarding the Company’s operations and performance.

Some of the statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other terminology. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect the Company’s actual results include, among others, the fact that our loss reserves are based on estimates and may be inadequate to cover our actual losses; the uncertain effects of emerging claim and coverage issues on our business, including the effects of climate change; the geographic concentration of our business; an inability to obtain or collect on our reinsurance protection; a downgrade in the A.M. Best rating of our insurance subsidiaries; the impact of extensive regulation of the insurance industry and legislative and regulatory changes; a failure to realize our investment objectives; the effects of intense competition; the loss of one or more principal employees; the inability to acquire additional capital on favorable terms; a failure of independent insurance brokers to adequately market our products; and the effects of acts of terrorism or war. More information about these and other factors that potentially could affect our financial results is included in our Annual Report on Form 10-K, filed with the SEC and in our other public filings with the SEC. Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update any forward-looking statements.

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