Ohio Casualty Corporation Announces Increase in Quarterly Dividend

FAIRFIELD, Ohio--Feb. 1, 20066, 2006--The Directors of Ohio Casualty Corporation today declared a $.03 increase in the regular quarterly dividend to $.09 per share, payable March 10, 2006, to shareholders of record on March 1, 2006.

"We are pleased to be able to increase our quarterly dividend by 50 percent," commented Corporation President and CEO Dan R. Carmichael, CPCU. "This action reflects our positive outlook due to our strong capital position and solid operating performance over the last several years."

Corporate Profile

Ohio Casualty Corporation is the holding company of The Ohio Casualty Insurance Company, which is one of six property-casualty subsidiary companies that make up Ohio Casualty Group(R). The Ohio Casualty Insurance Company was founded in 1919 and is licensed in 49 states. Ohio Casualty Group is ranked 47th among U.S. property/casualty insurance groups based on net premiums written (Best's Review, July 2005). The Group's member companies write auto, home and business insurance. Ohio Casualty Corporation trades on the NASDAQ Stock Market under the symbol OCAS and had assets of approximately $5.8 billion as of December 31, 2005.