March, 2009
ARI INSURANCE COMPANIES FINANCIAL HIGHLIGHTS

ARI Insurance Companies today reported statutory net income for 2008 of $1,618,000 which resulted in a positive return on average Policyholders' Surplus of 5.43%. Invested assets totaled $73,220,000 and performed much better than the industry. Total investment income for the year was $3,319,000. The Company's total realized investment loss for the year was less than ½ of a percent of total Surplus at December 31, 2008. Consolidated statutory surplus grew 2% during 2008 in an environment where the industry is expecting to lose approximately 10% to 15% of total capital. Karen S. Fulton, ARI President and CEO said, "We remain committed to pricing integrity during this highly competitive insurance market. While we expect a short term decline in our premium volume we believe that growth in capital not revenue is the best course for all of our stakeholders."

ARI specializes in commercial automobile insurance and will continue to differentiate itself in this marketplace.