UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
DOUGLAS L. ANDERSEN
701 5th Ave
Des Moines, IA 50391-2007
2. Issuer Name and Ticker or Trading Symbol
ALLIED Group, Inc. (GRP)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
08/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
CEO & President
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 03/01/97 F V 126.0000 D $33.3750 D Direct
Common Stock 08/04/97 M (1) 375.0000 A $18.4167 D Direct
Common Stock 08/04/97 D (1) 375.0000 D $48.1563 D Direct
Common Stock 08/04/97 M 375.0000 A $16.1667 D Direct
Common Stock 08/04/97 D (1) 375.0000 D $48.1563 D Direct
Common Stock 08/04/97 M 1,125.0000 A $18.4167 D Direct
Common Stock 08/04/97 M 1,125.0000 A $18.4167 D Direct
Common Stock 08/04/97 M 1,125.0000 A $16.1667 D Direct
Common Stock 08/04/97 M 1,125.0000 A $16.1667 D Direct
Common Stock 08/04/97 S 2,000.0000 D $49.0000 80,338.0000 D Direct
Common Stock 35,748.4158 I by ESOP
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $16.1667 08/04/97 M 1,125.0000 (2) 03/31/04
to buy)
Incentive Stock Option (right $18.4167 08/04/97 M 1,125.0000 (3) 03/31/05
to buy)
Non-Qualified Stock Option $16.1667 08/04/97 M 1,125.0000 (2) 03/31/04
(right to buy)
Non-Qualified Stock Option $18.4167 08/04/97 M 1,125.0000 (3) 03/31/05
(right to buy)
Non-Qualified Stock Option $34.3750 03/21/97 A V 15,000.0000 03/21/00 03/21/07
(right to buy)
Stock Appreciation Right $16.1667 08/04/97 M (1) 375.0000 03/31/04
Stock Appreciation Right $18.4167 08/04/97 M (1) 375.0000 03/31/05
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 08/04/97 Common Stock 1,125.0000 2,250.0000 D Direct
to buy)
Incentive Stock Option (right 08/04/97 Common Stock 1,125.0000 3,375.0000 D Direct
to buy)
Non-Qualified Stock Option 08/04/97 Common Stock 1,125.0000 2,250.0000 D Direct
(right to buy)
Non-Qualified Stock Option 08/04/97 Common Stock 1,125.0000 3,375.0000 D Direct
(right to buy)
Non-Qualified Stock Option 03/21/97 Common Stock 15,000.0000 15,000.0000 D Direct
(right to buy)
Stock Appreciation Right 08/04/97 Common Stock 375.0000 750.0000 D Direct
Stock Appreciation Right 08/04/97 Common Stock 375.0000 1,125.0000 D Direct
<FN>
Explanation of Responses:
(1)
Exercise SAR for cash.
(2)
This option was previously reported covering 750 shares at an exercise price of $24.25 per share, but was adjusted to reflect a
stock split on November 29, 1996.
(3)
This option was previously reported covering 750 shares at an exercise price of $27.625 per share, but was adjusted to reflect a
stock split on November 29, 1996.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ DOUGLAS L. ANDERSEN
DATE
