-----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, OWfkh6ST1YTag64yDFNn4ILWH/KbIvmU73iL5pPNml2Xbu9coqDafAIpQCn2nB+u 72hV+O6Ub8P4QaZr0dbnmg== 0000895469-98-000010.txt : 19981126 0000895469-98-000010.hdr.sgml : 19981126 ACCESSION NUMBER: 0000895469-98-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981125 ITEM INFORMATION: FILED AS OF DATE: 19981125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS CORP /DE/ CENTRAL INDEX KEY: 0000895469 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 043178765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11714 FILM NUMBER: 98759095 BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN STREET CITY: WORCESTER STATE: MA ZIP: 01653 8-K 1 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): November 24, 1998 CITIZENS CORPORATION (Exact name of Registrant as specified in its charter) Delaware 1-11714 04-317865 -------- ------- --------- (State or other (Commission File Number) (I.R.S. Employer I.D. jurisdiction of Number) Incorporation) ------- 440 Lincoln Street, Worcester, Massachusetts 01653 -------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (508) 855-1000 -------------- (Registrant's Telephone Number including area code) Page 1 of 5 pages Exhibit Index on page 4 -1- Item 5. Other Events. On November 24, 1998, Citizens Corporation announced that the fourth quarter results will be negatively impacted by an estimated $11 million in pre-tax catastrophe losses as a result of a sustained windstorm that struck Michigan in early November. A copy of the press release is attached as Exhibit 99 and is incorporated by reference herein. Item 7. Financial Statements and Exhibits. Exhibit 99 Press Release dated November 24, 1998, announcing Citizens Corporation expects $11 million charge in fourth quarter for November catastrophe losses. -2- SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITIZENS CORPORATION By: /s/Edward J. Parry III ---------------------- Edward J. Parry III Vice President ,Chief Financial Officer, and Treasurer Date: November 24, 1998 -3- Exhibit Index Exhibit 99 Press Release dated November 24, 1998, announcing Citizens Corporation expects $11 million charge in fourth quarter for November catastrophe losses. -4- EXHIBIT 99 CITIZENS CORPORATION, ALLMERICA FINANCIAL EXPECT FOURTH QUARTER WINDSTORM CHARGES WORCESTER, Mass., November 24, 1998-Citizens Corporation (NYSE: CZC) announced today that it expects to incur approximately $11 million in pretax catastrophe losses in the fourth quarter as a result of a sustained windstorm that struck Michigan November 9 to 11. Allmerica Financial Corporation (NYSE: AFC), which owns 83 percent of Citizens, expects to incur $9 million of the $11 million in pretax catastrophe losses from the event. The expected charges compare to catastrophe losses of $0.1 million at Citizens and $0.6 million at Allmerica during the fourth quarter of last year. Citizens Corporation is the holding company for Citizens Insurance Company of America, a leading underwriter of personal and commercial property and casualty insurance in the Midwest. Citizens is a subsidiary of Allmerica Financial Corporation, the holding company for a diversified group of insurance and financial services companies based in Worcester, Mass. -30- AF-40 11/24/1998 Contacts: Investors: Media: Jean Peters Mike Buckley (508) 855-3599 (508) 855-3099 -5- -----END PRIVACY-ENHANCED MESSAGE-----