Infinity Property and Casualty to Announce 1st Quarter Results

BIRMINGHAM, Ala., April 25 -- Infinity Property and Casualty Corporation expects to release its first quarter 2003 results on Tuesday, April 29, 2003 after the market closes. The earnings release will be available shortly thereafter on Infinity's website at http://www.ipacc.com/ .

In connection with its earnings release, Infinity will hold a conference call to discuss the first quarter results on Wednesday, April 30 at 10:00 am ET. There are two alternative communications modes available to listen to the call. Telephone access will be available by dialing 1-800-299-0433 and providing the confirmation code 397265. Please dial in 5 to 10 minutes prior to the scheduled start time. A replay of the call will also be available one hour following the completion of the call, at around 12:00 pm and will run until 8:00 pm on Wednesday, May 7, 2003. To listen to the replay, dial 1-888- 286-8010 and provide the confirmation code 418672. The conference call will also be broadcast live over the Internet. To listen to the call via the Internet, go to Infinity's website, http://www.ipacc.com/ , click on Investor Relations and follow the instructions at the Webcast link. The archived webcast will be available shortly after the call on Infinity's website until Wednesday, July 23, 2003 at 11:59 pm.

Infinity Property and Casualty Corporation is a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance. Its products are offered through a network of approximately 14,000 independent agencies. For more information about Infinity, please visit http://www.ipacc.com/ .

Forward Looking Statements

This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions and projections. Statements which include the words "believes," "expects," "may," "should," "intends" "plans," "anticipates," "estimates," or the negative version of these words and similar statements of a future or forward looking nature identify forward looking statements. Examples of such forward looking statements include statements relating to Infinity's expectations concerning market and other conditions, long term financing, future premiums, revenues, earnings and investment activities, expected losses, rate increases, improved loss experience and expected expense savings resulting from consolidation of the operations of our insurance subsidiaries.

Actual results could differ materially from those expected by Infinity depending on changes in economic conditions and financial markets (including interest rates), the adequacy or accuracy of our pricing methodologies, the presence of competitors with greater financial resources and the impact of competitive price, the ability to obtain timely approval for requested rate changes, judicial and regulatory developments adverse to the automobile insurance industry, the outcome of pending litigation against Infinity, weather conditions (including the severity and frequency of storms, hurricanes, snowfalls, hail and winter conditions), changes in driving patterns and loss trends, acts of war and terrorist activities, and the challenges posed by consolidating the operations of our insurance subsidiaries. Infinity undertakes no obligation to publicly update or revise any of the forward-looking statements. For more detailed discussion of some of the foregoing risks and uncertainties, see Infinity's filings with the Securities and Exchange Commission.