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Executive Announcement

Delphi Financial Announces Partial Redemption of 8.00% Senior Notes


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WILMINGTON, Del.--([ BUSINESS WIRE ])--Delphi Financial Group, Inc. (NYSE:DFG) announced today that it will redeem $20 million in aggregate principal amount of its 8.00% Senior Notes due 2033 on July 14, 2010. These notes are listed on the New York Stock Exchange under the symbol DFY. The redemption price will be 100% of the principal amount of the redeemed notes, plus accrued interest to (but not including) the redemption date.

Upon completion of this partial redemption, $118,750,000 in aggregate principal amount of the notes will remain outstanding.

Delphi Financial Group, Inc. is an integrated employee benefit services company. Delphi is a leader in managing all aspects of employee absence to enhance the productivity of its clients and provides the related group insurance coverages: long-term and short-term disability, life, excess workersa™ compensation for self-insured employers, large casualty programs including large deductible workersa™ compensation, travel accident, dental and limited benefit health insurance. Delphia™s asset accumulation business emphasizes individual annuity products. Delphia™s common stock is listed on the New York Stock Exchange under the symbol DFG and its corporate website address is [ www.delphifin.com ].


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