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<SEC-DOCUMENT>0000944695-98-000021.txt : 19981126
<SEC-HEADER>0000944695-98-000021.hdr.sgml : 19981126
ACCESSION NUMBER:		0000944695-98-000021
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19981125
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19981125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALLMERICA FINANCIAL CORP
		CENTRAL INDEX KEY:			0000944695
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				043263626
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-13754
		FILM NUMBER:		98759136

	BUSINESS ADDRESS:	
		STREET 1:		440 LINCOLN ST
		CITY:			WORCESTER
		STATE:			MA
		ZIP:			01653
		BUSINESS PHONE:		5088551000

	MAIL ADDRESS:	
		STREET 1:		440 LINCOLN ST
		CITY:			WORCESTER
		STATE:			MA
		ZIP:			01653
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

                                  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


                          ALLMERICA FINANCIAL CORPORATION
               (Exact name of Registrant as specified in its charter)


    Delaware                           1-13754                 04-3263626
(State or other jurisdic-     (Commission File Number)   (I.R.S. Employer I.D.
 tion of Incorporation)                                          Number)


                 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


                                      Page 1
<PAGE>


Item 5.  Other Events.

On November 24, 1998, Allmerica Financial Corporation announced that fourth
quarter results will be negatively impacted by an estimated $11 million in
pre-tax catastrophe losses as a result of a sustained wind storm that struck
Michigan during 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 Allmerica 
             Financial Corporation expects an $11 million charge in the
             fourth quarter of 1998 for November catastrophe losses.


                                    Page 2
<PAGE>

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.

                                                ALLMERICA FINANCIAL
                                                CORPORATION


                                                By: /s/ Edward J. Parry III,
                                                     Edward J. Parry III
                                                     Vice President, Chief
                                                     Financial Officer, and
                                                     Treasurer


Date:  November 25, 1998


                                    Page 3
<PAGE>


Exhibit Index

Exhibit 99      Press Release dated November 24, 1998, announcing Allmerica
                Financial Corporation expects an $11 million charge in the
                fourth quarter of 1998 for November catastrophe losses.


                                     Page 4
<PAGE>


                                   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 $11million in pretax 
catastrophe losses in the fourth quarter as a result of a sustained windstorm
that struck Michigan November 9 to11.  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.


AF-40
11/24/1998


Contacts:     Investors:                        Media:
             Jean Peters                    Mike Buckley
            (508) 855-3599                 (508) 855-3099


                                     Page 5
<PAGE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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