DFG Delphi Financial Grp., Inc.

Harry Ilg to Become Chairman Emeritus of Safety National and Join Delphi Financial as Executive VP, Business Development WILMINGTON, Del., June 19 /PRNewswire-FirstCall/ -- Delphi Financial Group, Inc. (NYSE:DFG) today announced a succession plan for the senior management of its subsidiary, Safety National Casualty Corporation. Safety National, based in St. Louis, is a leading provider of excess workers' compensation insurance for self-insured employers. Under this plan, effective April 1, 2008, the following changes will take place: - Harold F. Ilg, currently Chairman of Safety National and a director of Delphi, will become Chairman Emeritus of Safety National. Mr. Ilg will continue as a director of Delphi and will also assume the newly-created role of Executive Vice President, Business Development of Delphi. In his new role, Mr. Ilg will work with the management teams of Delphi and its insurance subsidiaries on new product development, strategic alliances, acquisitions and overall business strategy. Mr. Ilg, who will celebrate his 30th anniversary with Safety National on April 1, 2008, has served as Chairman of Safety for the past 8 years and has been a director of Delphi since 2002. - Terrence Schoeninger, who has been with Safety National for 28 years and has served as its President and Chief Executive Officer for the past 12 years, will become Chairman and continue as Chief Executive Officer. - Mark Wilhelm, who has been with Safety National for 30 years and is currently its Executive Vice President of Underwriting, will become its President. In addition, effective July 2, 2007, the following changes will take place: - Mr. Wilhelm will assume the newly-created position of Chief Underwriting Officer, which he will maintain after becoming President of Safety National next April. In his new role, Mr. Wilhelm will oversee marketing and broker relations as well as all underwriting. - Gerald Scott, who has been with Safety National for 24 years and is currently its Executive Vice President of Claims, will assume the newly- created position of Chief Operating Officer, with overall responsibility for day-to-day operations and all claims matters. - Duane Hercules, who has been with Safety National for 23 years and is currently its Executive Vice President of Finance, will assume the newly- created positions of Executive Vice President of Business Development and Chief Financial Officer, concentrating on acquisitions and business development, in addition to overseeing and managing all financial matters. Robert Rosenkranz, Chairman and Chief Executive Officer of Delphi Financial, said, "We are very pleased to announce this plan for orderly management succession at Safety National. The Safety National senior management team has worked together for the past 25 years and has built the company into a national leader in its market. We are confident that the dynamic team of experienced executives at Safety will continue to expand its leadership position and its valuable contributions to Delphi's growth." Mr. Rosenkranz continued, "We are particularly excited that this transition will free up the full time and attention of Delphi's most senior insurance executive, Harry Ilg, to concentrate on growth opportunities at Delphi. Harry's extensive experience and contacts in the insurance industry will enable him to play an important role in business development for Delphi and our subsidiaries." Delphi Financial Group, Inc. is an integrated employee benefit services company. Delphi is a leader in managing all aspects of employee absence to enhance the productivity of its clients and provides the related insurance coverages: group life, long-term and short-term disability, excess workers' compensation for self-insured employers, travel accident and dental. Delphi's asset accumulation business emphasizes individual fixed annuity products. Delphi's common stock is listed on the New York Stock Exchange under the symbol DFG and its corporate website address is http://www.delphifin.com/. In connection with, and because it desires to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Delphi cautions readers regarding certain forward-looking statements in the foregoing discussion and in any other statements made by, or on behalf of, Delphi, whether in future filings with the Securities and Exchange Commission or otherwise. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results, prospects, outlooks or other developments. Some forward- looking statements may be identified by the use of terms such as "expects," "believes," "anticipates," "intends," "judgment," "outlook" or other similar expressions. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic, competitive and other uncertainties and contingencies, many of which are beyond Delphi's control and many of which, with respect to future business decisions, are subject to change. Examples of such uncertainties and contingencies include, among other important factors, those affecting the insurance industry generally, such as the economic and interest rate environment, federal and state legislative and regulatory developments, including but not limited to changes in financial services, employee benefit and tax laws and regulations, changes in accounting rules and interpretations thereof, market pricing and competitive trends relating to insurance products and services, acts of terrorism or war, and the availability and cost of reinsurance, and those relating specifically to Delphi's business, such as the level of its insurance premiums and fee income, the claims experience, persistency and other factors affecting the profitability of its insurance products, the performance of its investment portfolio and changes in Delphi's investment strategy, acquisitions of companies or blocks of business, and ratings by major rating organizations of Delphi and its insurance subsidiaries. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Delphi. Delphi disclaims any obligation to update forward-looking information. DATASOURCE: Delphi Financial Group, Inc. CONTACT: Bernard J. Kilkelly, Vice President, Investor Relations, +1-212-303-4349, Web site: http://www.delphifin.com/

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