News

News release
June 2010
Lebanon, Pennsylvania

LEBANON MUTUAL INSURANCE COMPANY UNVEILS MUTUAL HOLIDNG COMPANY CONVERSION PLAN

Lebanon Mutual Insurance Company (the "Company") plans to reorganize into a mutual holding company structure. The Company is currently organized as a mutual insurance company. The mutual holding company structure creates the flexibility to access the capital markets in the future, which will facilitate growth important to remaining competitive. While there are no plans for an initial public offering, the reorganization will allow for the sale of stock in the future.

The reorganization plan has been filed with the Commonwealth of Pennsylvania Insurance Department for approval. The plan calls for the conversion of the Company from a mutual to a stock form of organization. Upon completion of the reorganization, Lebanon Mutual will be renamed LMI Insurance Company and will become a wholly- owned subsidiary of Tuscarora Wayne Group, Inc., which is a majority owned subsidiary of Tuscarora Wayne Mutual Group, Inc., a mutual holding company. Under the plan, the mutual holding company must maintain majority control of the operating insurance company. Policyholders of Lebanon Mutual, who are also members of Lebanon Mutual, will become members of Tuscarora Wayne Mutual Group, Inc. The proposed reorganization will not cause any change in the policyholders' insurance coverage or the premiums.

Incorporated in 1856, Lebanon Mutual is a property and casualty insurance company licensed in the Commonwealth of Pennsylvania. The Company is rated B++ (Good), Financial Size Category V, by A.M. Best Company, Inc, the leading provider of ratings, news, and financial data for the insurance industry worldwide.

The Company needs approval from the Commonwealth of Pennsylvania Insurance Department and its policyholders. Policyholders will receive notices regarding the reorganization and the upcoming special meeting of policyholders to approve the reorganization.

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News release
March 23, 2010
Wyalusing, Pennsylvania

Tuscarora Wayne Insurance Company Completes Acquisition of Lebanon Mutual Insurance Company

Tuscarora Wayne Insurance Company (TW) today announced the completion of its acquisition of Lebanon Mutual Insurance Company (LMI). The transaction was approved by the Commonwealth of Pennsylvania Insurance Department on March 22, 2010. As a result of the acquisition, the entire TW Board of Directors was elected to the LMI Board of Directors, and Messrs. S. Bruce Kurtz, Rollin Rissinger, Jr., and Milton Garrison will continue as LMI Directors.

LMI, located Cleona, Pennsylvania, is a mutual property and casualty insurance company domiciled in the Commonwealth of Pennsylvania. The Company is rated B++ (Good), Financial Size Category V, by A.M. Best Company, the leading provider of ratings, news, and financial data for the insurance industry worldwide. LMI ended 2009 with $11.6 million in direct written premium and $9.3 million in statutory policyholder surplus.

TW, located Wyalusing, Pennsylvania, is a stock property and casualty insurance company licensed in the Commonwealth of Pennsylvania and Ohio. TW is rated A+ (Superior), Financial Size Category, VI. TW ended 2009 with $25.6 million in direct written premium and $36.6 million in capital and statutory surplus. For more information, please visit www.twmic.com.

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News release
September 1, 2009
Wyalusing, Pennsylvania

The Tuscarora Wayne Mutual Group, Inc. Board of Directors announces a merger between its two subsidiaries, Tuscarora Wayne Insurance Company, Wyalusing, Pennsylvania, and Washington Fire and Storm Insurance Company, Falls Creek, Pennsylvania, with Tuscarora Wayne Insurance Company being the surviving entity. President and Chief Executive Officer Jay W. Chadwick commented, "The purpose of the merger is to create a stronger, more efficient company which will allow us to better serve our policyholders. Upon completion of the merger, policyholders of Washington Fire and Storm Insurance Company will automatically become policyholders of Tuscarora Wayne Insurance Company and will continue a membership interest in Tuscarora Wayne Mutual Group, Inc."

It is anticipated that the transaction, which is subject to regulatory approvals, will be completed by yearend 2009.

Tuscarora Wayne Mutual Group, Inc. is a mutual holding company and the ultimate parent of Tuscarora Wayne Insurance Company and Washington Fire and Storm Insurance Company.

Tuscarora Wayne Insurance Company is a property and casualty stock insurance company incorporated in 1874. The Company is licensed in the Commonwealth of Pennsylvania and Ohio and is rated A+ (Superior), Financial Size Category VI, by A.M. Best Company, the leading provider of ratings, news, and financial data for the insurance industry worldwide.