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July 14, 2005

Western National Insurance Group Announces Second Quarter 2005 Results

Western National Insurance Group today announced their 2005 financial results through June 30, 2005. Total Assets increased $30.8 million from 12/31/04 (9.1%) and now total $369.9 million. Net written premium increased $10.2 million, or 11.9%, from the same time last year. 

Despite multiple localized severe weather events in June that resulted in losses of almost $2 million, the Loss Ratio improved from 52.1% at June 2004 to 51.4% in 2005. The Company reported a Combined Ratio at the end June of 89.5%, a slight improvement from last June's 90.1%. The result was Net Income After Tax of $8.8 million and ending Surplus of $123.3 million (up $20.1 million, or 19.5%, from June 2004). 

"June storms allowed us to show our policyholders the value of our product, and, in particular, the value of our superior claim service," said Stuart Henderson, president & chief executive officer. "We have the financial strength that allows us to not only weather such activity, but to prosper despite it. We expect continued profitable growth for 2005 in all lines, and another year of results well in excess of the profit levels of the industry as a whole. We thank our employees, independent agent partners, loyal policyholders and other business partners for working with us to achieve these superior financial results." 

Western National Insurance Group consists of two regional Property and Casualty Insurance companies with annual direct written premium in excess of $215 million. Western National Mutual Insurance Company is headquartered in Edina, Minnesota and writes in MN, WI, SD, ND and IA. Western National Assurance Company maintains offices in Seattle, Washington, and writes in WA and OR. Both companies offer both personal and commercial lines. The company distributes its insurance products solely via the Independent Agency distribution system.

For further information, contact:

Mary S. Manley
SVP Corporate Affairs & Administration
952-921-3820
mary.manley@wnins.com