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Below is the basic structure of the Allmerica Financial
organization, as well as a rundown of the products and services we offer.
By maintaining an even-handed approach to the two crucial elements of financial
well-being-risk management and asset management--we offer a richer
source of financial solutions to the individuals, families and organizations
we serve. The Allmerica Financial companies distribute products and services
through five major operating units, some of which are comprised of smaller,
more specialized enterprises.

 
 



The Hanover Insurance Company and Citizens Insurance Company of America,
Allmerica Financial's property and casualty insurance subsidiaries, market
and underwrite a wide range of property and casualty coverage for personal
and business use--including auto, homeowners, workers' compensation and
commercial multiple peril policies. Licensed in all 50 states, Hanover
Insurance maintains a strong presence in several U.S. regions, particularly
the Northeast. Citizens is the largest property and casualty insurer in
Michigan, and has recently expanded its operations into neighboring Indiana
and Ohio.
Corporate Risk Management Services (CRMS), a division of First Allmerica
Financial Life Insurance Company, provides employee benefit plans and administration,
corporate claims management strategies, and workers' compensation administration
and evaluation services for organizations with 50 to 5,000 covered employees.
Besides group life, disability, dental and managed health care, CRMS offers
employers integrated workers' compensation-disability- medical benefits
administration, and group property and casualty insurance through Allmerica
Financial subsidiaries.


Through the subsidiaries which comprise Allmerica Financial Retail Services
(AFRS), a broad range of insurance and investment products and services
are marketed to individuals and small and medium sized businesses. Specifically,
the focus is on sales of variable insurance products through career agents,
independent broker-dealers and financial planners--and on strategic marketing
arrangements with other insurance and investment management companies.
Allmerica Financial's investment management company manages assets for
both our corporation and our clients. It also provides fixed-income investment
advisory services to institutions, including other insurance companies
and employers who self-fund their employee benefit and casualty insurance
programs.
This division provides retirement plan investment and management services
to institutional clients, and markets custom-packaged programs--which include
retirement, property and casualty, and corporate risk management products--to
strategic partners, including banks and professional firms.

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