<PAGE> 1
==============================================================================
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 25, 1997
Commission File Number 0-5544
OHIO CASUALTY CORPORATION
(Exact name of registrant as specified in its charter)
OHIO
(State or other jurisdiction of incorporation or organization)
31-0783294
(I.R.S. Employer Identification No.)
136 North Third Street, Hamilton, Ohio
(Address of principal executive offices)
45025
(Zip Code)
(513) 867-3000
(Registrant's telephone number)
Not Applicable
(Former name or former address, if changed since last report)
Exhibit Index - Page 4
Page 1 of 4 Pages
==============================================================================
<PAGE> 2
ITEM 5. Other Events
- ------- ------------
See the attached press release dated November 25, 1997,
announcing the completion of the initial assumption closing with
Great Southern Life Insurance Company related to the
Corporation's sale of its life insurance business to Great
Southern in 1995.
A copy of the press release is attached hereto and is
incorporated herein by reference as Exhibit 99.1.
Page 2 of 4 Pages
<PAGE> 3
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
- ------- ------------------------------------------------------------------
Exhibits
99.1 Press release dated November 25, 1997, announcing the
settlement with Great Southern Life Insurance Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OHIO CASUALTY CORPORATION
----------------------------
(Registrant)
November 25, 1997 /s/ Barry S. Porter
----------------------------
Barry S. Porter, CFO/Treasurer
(on behalf of Registrant and as
Principal Accounting Officer)
Page 3 of 4 Pages
<PAGE> 4
EXHIBIT INDEX
Current Report on Form 8-K
Dated November 25, 1997
Ohio Casualty Corporation
Exhibit No. Description
- ----------- -----------
99.1 Press release dated November 25, 1997, announcing the
settlement with Great Southern Life Insurance Company.
Page 4 of 4 Pages
<PAGE> 1
Exhibit 99.1
FOR IMMEDIATE RELEASE Contact: Dale Thatcher
513-867-3034
OHIO CASUALTY CORPORATION
ANNOUNCES SETTLEMENT
HAMILTON, Ohio, November 24, 1997 --- Ohio Casualty Corporation
announced today that it has completed the initial assumption closing
with Great Southern Life Insurance Company related to the
Corporation's sale of its life insurance business to Great Southern
in 1995. Approximately 70% of the life insurance business was
legally assumed by Great Southern with an additional 20% scheduled
to be assumed before year end. As a result of the assumption, fourth
quarter net income for the Corporation will be positively impacted
by the partial recognition of unamortized ceding commission from the
original sale. The actual amount will depend on the timing of the
remaining assumptions; however, it is expected the Corporation will
recognize between $6.8 million and $9.0 million in before-tax income.
The after-tax impact will be between $4.4 million or $.13 per share and
$5.9 million, or $.17 per share.
Concurrently with the assumption, the two companies jointly terminated
their life insurance marketing agreement and substituted Ohio Casualty
Corporation for Ohio Casualty Insurance Company on their Investment
Management Agreement.
