Corporate Overview

Delphi Financial Group

Delphi Financial Group, Inc. is an integrated employee benefit services company, and provides the related insurance coverages: group life, long-term and short-term disability, and excess workers' compensation for self-insured employers, travel accident and dental. Delphi's asset accumulation business emphasizes individual fixed annuity products. Delphi's common stock is listed on the New York Stock Exchange under the symbol DFG; the corporate website is www.delphifin.com.

Through its three top-tier subsidiaries, Delphi is a leader in managing all aspects of employee absence to help their clients’ employees get well and back to productive work. The company’s insurance subsidiaries are leading providers of group life, disability and excess workers’ compensation coverage to small and mid-sized employers. Delphi’s unique Integrated Employee Benefit program, targeted at larger employers, combines disability coverage from Reliance Standard Life Insurance Company (Reliance Standard) and excess workers’ compensation coverage from Safety National with Matrix’s productivity-enhancing absence management services. Delphi is a pioneer in providing clients nationwide with all of these capabilities on a fully integrated basis.

2006 Group Employee Benefits Premiums

• $1,124.1 million
• Long and Short Term Disability - 41%
• Group Life - 28%
• Excess Workers' Compensation - 23%
• Travel Accident/Dental/Other Core - 4%
• Group Non-Core Products - 4%

2006 Group Employee Benefits Operating Income

• $225.4 million
• Long and Short Term Disability - 35%
• Group Life - 17%
• Excess Workers' Compensation - 47%
• Travel Accident/Dental/Other Core - 1%

Reliance Standard Life Insurance Company

Reliance Standard is a leading insurance carrier specializing in innovative and flexible employee benefits solutions including disability income and group term life insurance, a suite of voluntary (employee paid) coverage options and fully integrated absence management. Reliance Standard markets these solutions through independent brokers and agents to employers of all sizes. Rated A (Excellent) by A.M. Best*, Reliance Standard began its centennial year in 2006. Reliance Standard Life Insurance Company is a wholly owned subsidiary of Delphi Financial Group, Inc.

In 2006, Reliance Standard was ranked 6th nationwide in new sales of Group Long-Term Disability and 12th in new sales of Group Life. Also, fixed annuity assets under Reliance Standard management exceed $1 billion.

Reliance Standard Life Insurance Company provides insurance products and services in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands. In New York, insurance products and services are provided through First Reliance Standard Life Insurance Company, home office: New York, N.Y. Product availability and features may vary by state. It distributes its products through independent agents and brokers.

Custom Disability Solutions

Custom Disability Solutions (CDS) is a division of Reliance Standard Life Insurance Company. CDS is an authorized reinsurer in all states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. CDS has a rich legacy with over 35 years of providing disability reinsurance solutions to the market. A number of CDS employees have been with the organization for more than 20 years, and while the company’s ownership and name may have changed over the years, our people have remained focused on providing superior group disability reinsurance products and services.