Philadelphia Consolidated Holding Notes Jeanne Impact

October 8, 2004

Philadelphia Consolidated Holding Corp. has reported its initial estimate of losses attributable to Hurricane Jeanne.

Although potential claims information is preliminary, the company does not expect its net after-tax losses to exceed $6.8 million for Jeanne. The company also announced that the catastrophe losses due to Hurricane Jeanne impacted both its personal lines mobile homeowners and homeowners books of business and its commercial lines property book of business.

Philadelphia Insurance Companies is a specialty niche company which markets and underwrites property and casualty products through 36 proprietary underwriting offices across the country.

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