Business Services Industry

Alfa Corporation to Open NASDAQ Stock Exchange

Business Wire, Dec 16, 2005

MONTGOMERY, Ala. -- Alfa Corporation (Nasdaq/NM:ALFA) announced today that President and Chief Executive Officer Jerry A. Newby will open The NASDAQ Stock Market on Thursday, December 22. Other members of the management team participating in the opening ceremony include Lee Ellis, Executive Vice President, Operations, and Steve Rutledge, Senior Vice President and Chief Financial Officer.

Commenting on the event, which celebrates Alfa Corporation's twentieth anniversary of trading on The NASDAQ Stock Market, Newby said, "Over the past twenty years, Alfa has evolved into a broad-based regional company, entering new markets and further expanding its products and services. Alfa's financial performance has been a distinct advantage for our customers and our investors. Consistent conservative management practices, disciplined underwriting, a strong loss ratio and solid earnings performance - all speak to the Company's financial strength and have formed a strong foundation for the progress we envision in future years."

The ceremony begins at 9:15 a.m. Eastern Time. The market opening by Alfa Corporation will be available to investors via a live simulcast. A link to the NASDAQ MarketSite live webcam may be accessed at http://nasdaq.com/reference/marketsite_about.stm.> Alfa Corporation is engaged in insurance and financial activities through its subsidiaries. The common stock of Alfa Corporation is traded on the Nasdaq Stock Market's National Market under the symbol ALFA.

Investors are cautioned that statements in this press release which relate to the future are, by their nature, uncertain and dependent upon numerous contingencies -- including political, economic, regulatory, climatic, competitive, legal, and technological -- any of which could cause actual results and events to differ materially from those indicated in such forward-looking statements. Additional information regarding these and other risk factors and uncertainties may be found in Alfa Corporation's filings with the Securities and Exchange Commission.