Siebels Bruce Subsidiaries Rated ‘A’ by Demotech

June 24, 2002

The Siebels Bruce Group Inc. of Columbia, S.C., announced its subsidiaries South Carolina Insurance Company, Catawba Insurance Company, and Consolidated American Insurance Company have received financial stability ratings of “A” from Columbus, Ohio-based, Demotech Inc.

The Seibels Bruce Group, Inc. receives fee-based income through the National Flood Insurance Program, various state-sponsored insurance plans, claim administration and other insurance services. In addition, it is a provider of automobile and commercial lines property and casualty insurance products.

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