-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BWlIt2a0/hUlduJOXQKeAfPXkcwm1ELx80BeQEPJ4cIzF8fX4d2k28+A1t35GRLt YYkyB8RwxfH97AXYqIx+5Q== 0000073952-04-000082.txt : 20040825 0000073952-04-000082.hdr.sgml : 20040825 20040825150933 ACCESSION NUMBER: 0000073952-04-000082 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040824 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040825 DATE AS OF CHANGE: 20040825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OHIO CASUALTY CORP CENTRAL INDEX KEY: 0000073952 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 310783294 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05544 FILM NUMBER: 04996279 BUSINESS ADDRESS: STREET 1: 9450 SEWARD ROAD CITY: FAIRFIELD STATE: OH ZIP: 45014 BUSINESS PHONE: 5136032400 MAIL ADDRESS: STREET 1: 9450 SEWARD ROAD CITY: FAIRFIELD STATE: OH ZIP: 45014 8-K 1 storm8k.txt OHIO CASUALTY CORP - FORM 8-K, ITEMS 8.01 AND 9.01, PRESS RELEASE ============================================================================== 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) August 24, 2004 --------------- Commission File Number 0-5544 OHIO CASUALTY CORPORATION (Exact name of registrant as specified in its charter) OHIO 31-0783294 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 9450 Seward Road, Fairfield, Ohio 45014 (Address of principal executive offices) (Zip Code) (513) 603-2400 (Registrant's telephone number) Not Applicable (Former name or former address, if changed since last report) Page 1 of 3 ============================================================================== ITEM 8.01. Other Events - --------- On August 24, 2004, Ohio Casualty Corporation (the "Corporation") issued a press release announcing the storm loss estimate from Hurricane Charley. The press release is attached hereto as Exhibit 99 and hereby incorporated by reference. ITEM 9.01. Financial Statements and Exhibits - --------- (c) Exhibits Exhibit No. Description - ----------- ----------- 99 Press release dated August 24, 2004, issued by the Corporation, announcing the storm loss estimate from Hurricane Charley, and posted on its web site at http://www.ocas.com. SIGNATURE 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 thereunto duly authorized. OHIO CASUALTY CORPORATION ------------------------- (Registrant) August 25, 2004 /s/ Debra K. Crane ------------------------------------- Debra K. Crane, Senior Vice President, General Counsel and Secretary Page 2 of 3 Exhibit Index ------------- Current Report on Form 8-K Dated August 24, 2004 Exhibit No. Description - ----------- ----------- 99 Press release dated August 24, 2004 issued by the Corporation announcing the storm loss estimate from Hurricane Charley and posted on its web site at http://www.ocas.com. Page 3 of 3 EX-99 2 exh99.txt EXH 99 - PRESS RELEASE 8-24-04, ESTIMATED STORM LOSS EXHIBIT 99 Analyst contact: Dennis E. McDaniel Vice President and Controller 513-603-2197 dennis.mcdaniel@ocas.com For Immediate Release - --------------------- OHIO CASUALTY CORPORATION ANNOUNCES ----------------------------------- LOSS ESTIMATE OF $6 TO $8 MILLION FROM HURRICANE CHARLEY -------------------------------------------------------- FAIRFIELD, OHIO, AUGUST 24, 2004 --- Ohio Casualty Corporation (Nasdaq:OCAS) today announced that it expects net catastrophe losses in the range of $6 to $8 million before-tax from Hurricane Charley. The catastrophe loss impact for Hurricane Charley is expected to add approximately 2 points to the third quarter 2004 combined ratio. Catastrophe losses for the entire third quarter of 2003 had a 4.5 point impact on the quarterly combined. The 1997-2003 historical average quarterly combined ratio impact of third quarter catastrophes was 3.1 points. At this time the Corporation is maintaining its most recent statutory combined ratio guidance of 98% to 101% for the full year 2004. The majority of claims reported to date are related to commercial policies covering businesses located in Florida. The insurance subsidies completed their withdrawal from Florida for personal lines in May 2004 and expect minimal personal lines losses from this storm in the other impacted East Coast states. Claims staff was in place immediately following the storm to assist policyholders and to assess damage. Claims adjusters have been contacting insured businesses, especially those located in the counties that have suffered the most significant storm damage. President and Chief Executive Officer Dan Carmichael, CPCU, commented, "Our deepest sympathy goes out to those who have lost loved ones, homes and businesses. Our claims staff is working hard to address the needs of our policyholders affected by the storm." Corporate Profile Ohio Casualty Corporation is the holding company of The Ohio Casualty Insurance Company, which is one of six property-casualty subsidiary companies that make up Ohio Casualty Group. The Ohio Casualty Insurance Company was founded in 1919 and is licensed in 49 states. Ohio Casualty Group is ranked 48th among U.S. property/casualty insurance groups based on net premiums written (Best's Review, July 2004). The Group's member companies write auto, home and business insurance. Ohio Casualty Corporation trades on the NASDAQ Stock Market under the symbol OCAS and had assets of approximately $5.6 billion as of June 30, 2004. Safe Harbor Statement Ohio Casualty Corporation publishes forward-looking statements relating to such matters as anticipated financial performance, business prospects and plans, regulatory developments and similar matters. The statements contained in this news release that are not historical information, are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The operations, performance and development of the Corporation's business are subject to risks and uncertainties, which may cause actual results to differ materially from those contained in or supported by the forward-looking statements in this release. The risks and uncertainties that may affect the operations, performance, development and results of the Corporation's business include the following: changes in property and casualty reserves; catastrophe losses; premium and investment growth; product pricing environment; availability of credit; changes in government regulation; performance of financial markets; fluctuations in interest rates; availability and pricing of reinsurance; litigation and administrative proceedings; rating agency actions; acts of war and terrorist activities; ability to appoint and/or retain agents; ability to achieve targeted expense savings; ability to achieve premium targets and profitability goals; and general economic and market conditions. Ohio Casualty Corporation undertakes no obligation to publicly release any revisions to the forward-looking statements contained in this release, or to update them to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events. Investors are also advised to consult any further disclosures made on related subjects in the Company's reports filed with the Securities and Exchange Commission or in subsequent press releases. -----END PRIVACY-ENHANCED MESSAGE-----