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Ohio Casualty Corporation Announces Storm Loss Estimates

    FAIRFIELD, Ohio--July 17, 2001--Ohio Casualty Corporation today announced that second quarter earnings will be impacted by approximately $19 million in net catastrophe losses due to a series of severe storms during the quarter. This adds approximately 5.0 points to the combined ratio for an estimated after-tax earnings impact of approximately $.21 per share.
    President and CEO Dan R. Carmichael stated, "Our claims staff once again demonstrated prompt and efficient service to our policyholders and agents while handling claims related to these storms. Ohio Casualty Corporation's recently announced corporate strategy emphasizes that such service is one of the cornerstones of being a top-flight property-casualty insurer."
    Ohio Casualty Corporation will announce complete second quarter financial results on July 31, 2001.

    Corporate Profile