Item 7.01 Regulation FD Disclosure.
The Board of Directors of the Mutual Reinsurance Bureau (MRB) underwriting
association has announced that it will begin operating with five participants
due to the addition of Church Mutual Insurance Company (Church Mutual) effective
January 1, 2013. As a result, the Registrant's parent, Employers Mutual Casualty
Company (Employers Mutual), will become a one-fifth participant in MRB, down
from its current one-fourth participation. Under the terms of the Quota Share
Agreement between the Registrant's reinsurance subsidiary and Employers Mutual,
the reinsurance subsidiary assumes 100 percent of Employers Mutual's assumed
reinsurance business, including the MRB business, subject to certain
exceptions. The addition of Church Mutual to MRB will strengthen MRB's surplus
base and should favorably impact future marketing efforts. Although Employers
Mutual's participation in MRB will decline from 25 percent to 20 percent in
2013, premium income assumed from MRB is expected to increase due to a projected
increase in business.