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Joseph R. Ramrath Appointed to Allmerica's Board of Directors


WORCESTER, Mass., Feb. 10 /PRNewswire-FirstCall/ -- Allmerica Financial Corporation (NYSE: AFC) today announced that Joseph R. Ramrath has been appointed to the company's Board of Directors, effective immediately. Ramrath is a managing director of Colchester Partners LLC, an investment banking and strategic advisory firm located in Boston.

"Joe's experience and expertise make him an excellent addition to our board," said Frederick H. Eppinger, Jr., Allmerica's President and Chief Executive Officer. "I look forward to working with Joe and I know that we will benefit from his experience and knowledge."

Ramrath has extensive experience in financings and transactions. Prior to joining Colchester Partners LLC, he was Executive Vice President and General Counsel of United Asset Management, a division of Old Mutual. While at United Asset Management, he served as a member of the management committee and a leader of the acquisitions and subsidiary operations team.

Prior to joining United Asset Management, Ramrath was a partner and member of the management committee of Hill & Barlow, a Boston law firm. Ramrath spent five years as a certified public accountant with Arthur Andersen & Co. before attending law school, and will join the Audit Committee of Allmerica's Board.

Ramrath is also a director of New England Business Service, Inc., a leading business-to-business direct marketing company with 2.6 million active small business customers in the United States, Canada, the United Kingdom and France.

Ramrath holds a bachelor of science degree in business administration from Babson College, and a juris doctor degree from the University of California, Hastings College of the Law.

Allmerica Financial Corporation, headquartered in Worcester, Massachusetts, is the holding company for a group of insurance and financial services companies. A Fortune 500 company, Allmerica is publicly traded on the New York Stock Exchange. Allmerica's lead companies include regional property and casualty insurance providers Citizens Insurance Company of America and The Hanover Insurance Company. Citizens and Hanover are ranked among the top 25 property and casualty insurers in the country with combined written premiums of $2.3 billion and more than $900 million in statutory capital. Citizens and Hanover market a wide range of personal and commercial property and casualty coverages.


     Sujata Mutalik
     (508) 855-3457

     Michael F. Buckley
     (508) 855-3099
SOURCE  Allmerica Financial Corporation
    -0-                             02/10/2004
    /CONTACT:  Investors: Sujata Mutalik, +1-508-855-3457,
smutalik@allmerica.com; or Media: Michael F. Buckley, +1-508-855-3099,
mibuckley@allmerica.com, both of Allmerica/

CO:  Allmerica Financial Corporation; Colchester Partners LLC
ST:  Massachusetts

-- NETU028 --
1177 02/10/200413:53 ESThttp://www.prnewswire.com

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