Infinity Property & Casualty Corporation Clarifies Ownership Report Filings

BIRMINGHAM, Ala., Aug. 15, 2003 -- Infinity Property and Casualty Corporation today clarified that recent ownership reports filed with respect to dispositions of Infinity common stock relate to 12,378,000 and 118,618 shares sold by American Financial Group (AFG) in the initial public offering in February 2003 and do not indicate the sale of additional shares.

Infinity Property & 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 14,000 independent agencies. For more information about Infinity, please visit www.ipacc.com.