Unitrin, Inc. Files $500 Million Shelf Registration Statement

CHICAGO, May 8, 2002 (BUSINESS WIRE) — Unitrin, Inc. (NYSE:UTR) announced today that it has filed a universal shelf registration statement with the Securities and Exchange Commission for the future sale of up to an aggregate of $500 million of debt securities, common stock, preferred stock and warrants.

Copies of the registration statement and Unitrin’s other SEC filings may be obtained at the SEC’s web site at www.sec.gov.

The registration statement filed with the Securities and Exchange Commission has not yet become effective. The securities registered under this registration statement may not be sold, nor may offers to buy the securities be accepted, prior to the time the registration statement becomes effective. Following the effective date of the shelf registration, the securities may be offered from time to time directly by the company or through underwriters at amounts, prices, interest rates and other terms to be determined at the time of the offering.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Unitrin, nor shall there be any sale of securities of Unitrin in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus.

About Unitrin

Unitrin’s family of insurance and finance companies serves the basic financial needs of more than 6 million policyholders and consumer finance customers in select markets throughout the United States. Unitrin is one of America’s leading financial services providers, specializing in property and casualty insurance and life, health and accident insurance, as well as a variety of consumer finance products.

This press release contains projections and other forward-looking statements, which speak only as of the date hereof. Readers are cautioned not to place undue reliance on such statements, which are subject to risks and uncertainties that could cause actual results or events to differ materially from those contemplated in such statements. No assurances can be given that the events or results described in this release will occur as presently anticipated or that these projections will be achieved. Unitrin assumes no obligation to release publicly any revisions to forward-looking statements as a result of events or developments subsequent to the date of this press release.

CONTACT: Unitrin, Inc.

Scott Renwick, 312/661-4930

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