| Business Summary | | Harleysville
Group
Inc.
is
an
insurance
holding
company
that
engages,
through
its
subsidiaries,
in
the
property
and
casualty
insurance
business
on
a
regional
basis.
Harleysville
Group
has
three
segments
that
consist
of
the
personal
lines
of
insurance,
the
commercial
lines
of
insurance
and
the
investment
function.
Harleysville
Group
and
the
Harleysville
Mutual
Insurance
Company
(Mutual
Company)
together
underwrite
a
broad
line
of
personal
and
commercial
property
and
casualty
coverages,
including
automobile,
homeowners,
commercial
multi-peril
and
workers'
compensation.
The
Mutual
Company
and
the
Company's
insurance
subsidiaries
participate
in
an
inter-company
pooling
arrangement,
under
which
such
subsidiaries
and
the
Mutual
Company
combine
their
property
and
casualty
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Harleysville
Group
is
an
insurance
holding
company
which
engages,
through
its
subsidiaries,
in
the
property
and
casualty
insurance
business.
For
the
six
months
ended
6/30/01,
revenues
rose
2%
to
$403.8
million.
Net
income
rose
15%
to
$20.7
million.
Revenues
reflect
improved
commercial
lines
performance
as
a
result
of
higher
pricing,
re-underwriting
and
agency
management
efforts.
Earnings
also
benefitted
from
decreased
underwriting
loss. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Walter Bateman, II, 53 Chairman,
Pres, CEO | $878K | $128K | Mark Cummins, 44 CIO,
Exec. VP and Treasurer | 428K | -- | Bruce Bassman, 51 Exec.
VP | 291K | -- | Douglas Gaudet, 47 Exec.
VP, Insurance Operations | -- | -- | M. Lee Patkus, 49 Exec.
VP | 311K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|