WOODLAND HILLS, Calif.–(BUSINESS WIRE)–Feb. 17, 2005–21st Century Insurance (NYSE:TW) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share, payable March 30, 2005 to shareholders of record on March 4, 2005.
The declared cash dividend of $0.04 per common share represents a 100% increase over the $0.02 dividend declared in December of 2004. It also is the first dividend increase since December 2002.
“The increase in the dividend reflects the improved financial condition of the Company,” said Bruce Marlow, President and Chief Executive Officer.
21st Century Insurance: Good people to call
Founded in 1958, 21st Century Insurance is a direct-to-consumer provider of personal auto insurance covering over 1.5 million vehicles and with $1.3 billion of premiums in California, Texas, Ohio and six other states. 21st provides superior policy features and customer service at a competitive price. 24/7, customers have the option to purchase insurance, service their policy or report a claim over the phone with our licensed insurance professionals at 1-800-211-SAVE (English) or 1-888-920-2121 (Spanish) or through the Company’s full-service bilingual Web site at www.21st.com. 21st Century Insurance Company and 21st Century Insurance Company of the Southwest are rated A+ by A.M. Best. 21st Century Insurance Company is rated A+ by Standard & Poor’s and Fitch Ratings.
21st Century Insurance is traded on the New York Stock Exchange under the trading symbol TW and is headquartered at 21st Century Plaza, 6301 Owensmouth Avenue, Woodland Hills, CA 91367.
CONTACT: 21st Century Insurance
Tony Tomich, 818-673-3996
SOURCE: 21st Century Insurance