Infinity Property and Casualty Corporation Names Two New Directors

BIRMINGHAM, Ala., Aug. 18, 2003 -- Infinity Property and Casualty Corporation announced today the appointment of Harold E. Layman and Jorge G. Castro to its Board of Directors.

Mr. Layman served as President & CEO of Blount International, Inc., and in several other executive capacities with the worldwide manufacturing and NYSE company until his retirement in 2002. He remains a director of Blount and serves on the boards of several other public and private firms.

Mr. Castro is Vice Chairman and Chief Operating Officer of Valenzuela Capital Partners, LLC, and a private firm that manages over $1 billion of equity investments. Mr. Castro presently serves as a director of the Metropolitan Water District of Southern California, and on the Board of Directors for the New American Alliance, an organization of the nation's most prominent Latino business leaders.

"We are pleased to welcome Harold and Jorge as independent directors of Infinity," said Carl Lindner III, Chairman of the Company. "Both men bring a wealth of experience in a wide range of industry and commerce and we look forward to their counsel as we focus on Infinity's continued growth. James Gober, President and Chief Executive Officer of Infinity, added, "We see in Hal and Jorge a mix of skills and experience that will contribute in unique and substantial ways toward achieving the goals we established for Infinity when we became a public company."

The appointment of Messrs. Layman and Castro fill the two vacancies on the seven member Board created by the recent resignations of Thomas A. Hayes and Ethan Jackson.

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.