CHICAGO–(BUSINESS WIRE)–June 23, 1999–Unitrin, Inc. (Nasdaq: UNIT) is pleased to announce that its common stock will be added to the S&P MidCap 400 Index after the close of trading on Friday, June 25, 1999. Unitrin will be included in the Index’s property and casualty insurance industry group.
The S&P MidCap 400, published by Standard & Poors, consists of 400 domestic stocks chosen for market size, liquidity and industry representation. According to statistics published by Standard & Poors, the mean market capitalization of stocks in the S&P MidCap 400 is approximately $2.2 billion. Unitrin’s market capitalization is approximately $2.5 billion.
Unitrin’s subsidiaries are engaged in property and casualty insurance, life and health insurance and consumer finance. Unitrin had consolidated gross revenues in 1998 of approximately $2 billion and has assets of approximately $6 billion.
CONTACT: Unitrin, Inc.
Scott Renwick, 312/661-4930
INDUSTRY KEYWORD: INSURANCE BANKING