Delphi Group Notes Continued Strength of Excess Workers’ Comp Business

February 4, 2003

Delphi Financial Group, Inc. confirmed the continued strength of its excess workers’ compensation business, following the announcement Monday by American International Group Inc. that it was strengthening its excess casualty loss reserves.

Robert Rosenkranz, chairman and CEO, noted, “Delphi continues to see very positive market trends in our excess workers’ compensation business, including a continuation of the price increases and improved contract terms we achieved in 2002. Our Safety National subsidiary is the market leader in this business, focusing on small to medium size cases, and has over 60 years of experience. We have seen nothing in 2002’s loss development that suggests the need for any reserve strengthening.”

Delphi Financial will release its financial results for the fourth quarter and fiscal year-end 2002 on Feb. 12 after the market closes.

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