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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest
event reported): May 22, 1998
THE ST. PAUL COMPANIES, INC.
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(Exact name of Registrant as specified in its charter)
Minnesota 0-3021 41-0518860
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(State of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
385 Washington St., St. Paul, MN 55102
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(Address of principal (Zip Code)
executive offices)
(612) 310-7911
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(Registrant's telephone number,
including area code)
N/A
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(Former name or former address, if changed since last
report)
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Item 5. Other Events.
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The following information was derived from a press
release of The St. Paul Companies, Inc. dated May 22, 1998:
THE ST. PAUL COMPANIES EXPECTS SIGNIFICANT LOSSES FROM THE
MAY 15 STORM DAMAGE
The St. Paul Companies (NYSE:SPC) today announced that
wind and hail damage from the May 15 storm in Minnesota is
expected to result in pretax catastrophe losses of between
$35 million to $40 million.
Most of the losses are expected to come from commercial
and personal insurance customers in the Twin Cities
metropolitan area.
"This catastrophe, which occurred over a short period
of time, has resulted in a high volume of wind and hail
claims to both properties and automobiles," said Douglas W.
Leatherdale, Chairman, President and Chief Executive
Officer. "We will continue to assist our personal and
commercial customers until we complete an adjustment of all
losses from the storm."
The St. Paul Companies, headquartered in Saint Paul,
Minnesota, is a group of companies providing insurance and
reinsurance products and services worldwide.
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.
THE ST. PAUL COMPANIES, INC.
By /s/ Bruce A. Backberg
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Bruce A. Backberg
Senior Vice President
and Chief Legal Counsel
Date: May 26, 1998
