21st Century Insurance Declares Quarterly Dividend

(WOODLAND HILLS, Calif.) – 21st Century Insurance (NYSE:TW), the Woodland Hills-based insurance holding company, declared a first quarter cash dividend of $ 0.16 per common share, payable on March 29, 1999, to shareholders of record as of March 22, 1999, according to William L. Mellick, president and chief executive officer of the company.

With operations in the western United States, 21st Century Insurance is the ninth-largest personal auto insurance stock company in the country. Founded in 1958, the company was a pioneer of the direct response marketing approach in the personal automobile insurance industry. 21st Century specializes in providing economical, high-quality insurance products and services direct to customers without agents in metropolitan centers.

21st Century markets personal automobile insurance in Arizona, California, Nevada, Oregon and Washington.

21st Century Insurance is traded on the New York Stock Exchange under the trading symbol TW. The company is headquartered at 6301 Owensmouth Avenue, Woodland Hills, Calif., 91367; 818-704-3514. 21st Century’s address on the Internet is www.21stCenturyInsurance.com