Capital Offerings Profile

Company Name Infinity Property and Casualty Corporation
Offering Type Senior Debt
Description 5.500% Senior unsecured notes, due 02/18/14
Currency of Issue USD
Trading Symbol (Exchange) IPCC.GA (OTCBB)
Announcement Date 2/10/2004
Trade Date 2/11/2004
Settlement Date 2/17/2004
Completion Date 2/11/2004
144a? Yes
Mandatory Redemption? Yes
Convertible? No
Exchange for Existing Issue? No

Use of Proceeds
The net proceeds of this offering will be used for to prepay $193 million of debt under a secured term loan and for general corporate purposes.

Offer Price ($) 99.63
Yield to Maturity (%) 5.549
Treasury Spread (%) 1.520
Gross Amount Offered ($000) 200,000
Amount Including Overallotment ($000) 200,000
Minimum Denominations/Increments 1,000/1,000

Current Security Ratings Current Issuer Ratings

Underwriters Shares Underwritten Amount Underwritten($000)
Book Manager(s)
  Lehman Brothers Inc. - 90,000
  UBS Investment Bank - 90,000
  J.P. Morgan Securities LLC - 10,000
  Merrill Lynch, Pierce, Fenner & Smith Incorporated - 10,000

Issuer's Counsel Keating Muething & Klekamp PLL
Auditor(s) Ernst & Young LLP
Clearing House(s) Depository Trust Company

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