News Release

Contact:
Craig Menzl at (321) 214-5300

FFVA MUTUAL INSURANCE RECEIVES 'A' RATING

Maitland, Fla. (February 23, 2006) - FFVA Mutual Insurance Company received word February 17 that it had been awarded an A rating (Excellent) from A.M. Best Company. It also received a "stable" outlook rating, indicating it is experiencing stable financial/market trends.

"This is a culmination of our commitment to product excellence, responsive service, innovative technology and strong agency relationships," said FFVA Mutual President and CEO Craig Menzl.

According to A.M. Best, the rating reflects FFVA Mutual's "excellent capitalization and strong operating results driven by consistent underwriting performance and stability within its reserving patterns." The ratings company indicated that the positive results are driven by "adherence to sound underwriting principles, aggressive claims management, effective loss control services and a conservative investment portfolio."

The rating report said the reason FFVA Mutual has maintained market share and pricing integrity despite the volatility within the Florida workers' compensation market is because of its strong agency relationships and a long-standing presence in the Florida workers' compensation market.

A.M. Best is a worldwide insurance rating and information agency with more than 100 years of history. It issues in-depth reports and financial ratings about more than 7,500 insurance organizations in 65 countries.

FFVA Mutual Insurance Co. is one of Florida's oldest and largest workers' compensation carriers. The company continues to pursue diversification of its revenue streams through expansion into all classes of business and into contiguous states. FFVA is currently licensed in Florida, Georgia, Alabama, Mississippi and Kentucky.

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