Directors:
James R. Gober(4)
Chairman, President and Chief Executive Officer
Director since November 2002

Jorge G. Castro(2)(3)
Vice Chairman and Chief Operating Officer, Valenzuela Partners, LLC
Director since August 2003

Gregory G. Joseph(1)(3)(4)(6)
Vice President, Joseph Auto Group
Director since February 2003

Harold E. Layman(1)(3)
Retired President and Chief Executive Officer, Blount International Inc.
Director since August 2003

Samuel J. Simon
Senior Vice President, General Counsel and Secretary, IPCC
Director since December 2003

Roger Smith(4)
Senior Vice President and Chief Financial Officer, IPCC
Director since December 2003

Gregory C. Thomas(1)(2)(5)
Retired Executive Vice President and Chief Financial Officer, Citicasters Inc.
Director since February 2003

Samuel J. Weinhoff(2)(4)
Insurance Industry Consultant
Director since May 2004

(1) Member of Compensation Committee
(2) Member of Audit Committee
(3) Member of Nominating/Governance Committee
(4) Executive Committee
(5) Financial Expert
(6) Lead Director

Corporate Headquarters:

Until May 1, 2005	After May 1, 2005
2204 Lakeshore Drive	3700 Colonnade Pkwy.
Suite 125	Birmingham, AL 35243
Birmingham, AL 35209	(205) 870-4000
(205) 870-4000

Transfer Agent & Registrar:
American Stock Transfer & Trust Company
(800) 937-5449

Auditors:
Ernst & Young LLP
Birmingham, Alabama

Legal Counsel:
Keating, Muething & Klekamp, P.L.L.
Cincinnati, Ohio

Management:
James R. Gober
President and Chief Executive Officer

Glen N. Godwin
Regional President—West Region

John R. Miner
Regional President—Central Region

Joseph A. Pietrangelo
Regional President—East Region

Scott C. Pitrone
Regional President—South Region

Samuel J. Simon
Senior Vice President, General Counsel and Secretary

Roger Smith
Senior Vice President and Chief Financial Officer

Annual Meeting:
The Annual Meeting of the Shareholders of Infinity Property & Casualty Corporation will be held at the Embassy Suites, 2300 Woodcrest Place, Birmingham, Alabama 35209 on Tuesday, May 10, 2005 at 10:00 a.m. central time. There were 13 shareholders of record on March 1, 2005, which the Company believes represent approximately 4,250 beneficial holders.

Common Stock and Dividends:
The Company’s common stock is listed on the NASDAQ National Market under the symbol IPCC.

The quarterly high and low closing sales prices per share of the common stock as reported by NASDAQ follow:

	Stock Prices		Dividend
Quarter Ended:	High	Low	Declared
March 31, 2004	$38.29	$28.94	$0.055
June 30, 2004	$33.60	$28.97	$0.055
September 30, 2004	$33.09	$26.24	$0.055
December 31, 2004	$37.15	$27.94	$0.055
March 31, 2003	$18.40	$15.60	—
June 30, 2003	$24.55	$17.51	$0.055
September 30, 2003	$29.15	$22.65	$0.055
December 31, 2003	$34.82	$27.55	$0.055

Quarterly dividends, if any, are declared by the Board of Directors at meetings held on or about the second Tuesday of February, May, August, and November.

Shareholder Communications:
For access to all news releases and other Company Information visit the Infinity website at www.ipacc.com. To obtain an investor package free of charge, including a copy of Form 10-K, please call (205) 803-8186 or write to:
    Infinity Property & Casualty Corporation
    Attn: Investor Relations
    3700 Colonnade Pkwy.
    Birmingham, AL 35243