Bristol West Reports Record First Quarter Earnings, Increases Quarterly Dividend to Seven Cents

DAVIE, Fla., May 9 /PRNewswire-FirstCall/ — Bristol West Holdings, Inc. today reported that its earnings for the quarter ended March 31, 2005, were $16.8 million, the highest quarterly earnings in the Company’s history. Net income for the first quarter of 2004 included charges of $1.4 million after tax related to the refinancing of the Company’s credit facilities and stock awards to employees in connection with the Company’s initial public offering in February 2004.James R. Fisher, Chairman and CEO, said, “Despite continued competitive pressures, most notably in California, we are maintaining our underwriting discipline and our record earnings and strong ROE are the result of our focus…..

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