Republic Companies Group, Inc. Announces Quarterly Dividend
September 16 2005 - 7:39PM
PR Newswire (US)
DALLAS, Sept. 16 /PRNewswire-FirstCall/ -- Republic Companies
Group, Inc. (NASDAQ:RUTX) today announced that its Board of
Directors has declared a quarterly common stock dividend of 12
cents per share payable on October 14, 2005 to shareholders of
record at the close of business on September 30, 2005. Parker Rush,
President and Chief Executive Officer commented, "We are pleased to
pay our first quarterly common stock dividend shortly after our
initial public offering and believe shareholder value is enhanced
by our disciplined capital management." About Republic Republic
Companies Group, Inc. is a holding company of a group of insurance
companies and related entities that provide personal and commercial
property and casualty insurance products to individuals and small
to medium- size businesses primarily in Texas, Louisiana, Oklahoma
and New Mexico. Our focus on this large and fast-growing region
helps us identify profitable underserved niche opportunities
primarily in rural and small to medium-size metropolitan areas. We
have written insurance in Texas consistently throughout our entire
101-year history and have developed market knowledge and a loyal
network of independent agents and a select group of managing
general agents who provide us access to what we believe are among
the most profitable markets. We are rated A- (Excellent) by A.M.
Best Company, Inc. with a stable outlook. We completed our Initial
Public Offering in early August, 2005. Precautionary Statement
Regarding Forward-Looking Information Some of the statements in
this press release may include forward-looking statements, as that
term is defined in the Private Securities Litigation Reform Act of
1995 (PSLRA), that reflect our current views with respect to future
events and financial performance. These forward-looking statements,
which may apply to us specifically or the insurance industry in
general, are made pursuant to the safe harbor provisions of the
PSLRA and include estimates and assumptions related to economic,
competitive, regulatory, judicial, legislative and other
developments. All forward-looking statements address matters that
involve risks and uncertainties. If one or more of these or other
risks or uncertainties materialize, or if our underlying
assumptions otherwise prove to be incorrect, our actual dividend
yield may vary materially. You should read the additional
information regarding these and other risk factors and
uncertainties which may be found in Republic Companies Group,
Inc.'s filings with the Securities and Exchange Commission
(available at http://www.sec.gov/ ). Unless otherwise required by
law, we undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise. All subsequent written and oral
forward-looking statements attributable to us or individuals acting
on our behalf are expressly qualified in their entirety by this
paragraph.
http://www.newscom.com/cgi-bin/prnh/20050801/REPUBLICLOGO
http://photoarchive.ap.org/ DATASOURCE: Republic Companies Group,
Inc. CONTACT: Michael E. Ditto, Esq., Vice President, General
Counsel and Secretary of Republic Companies Group, Inc.,
+1-972-788-6000 Web site: http://www.republicgroup.com/
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