Infinity Property and Casualty Corp. announced that at the Annual Shareholders Meeting held on May 21, 2013 elected E. Robert Meaney to serve as director, who previously served as Senior Vice President and Corporate Secretary of Valmont Industries Inc.

Annual Meeting of Shareholders

Infinity Property and Casualty Corp. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, net written premium was $373.0 million against $344.2 million a year ago. Revenue was $330.8 million against $287.4 million a year ago. Earnings before income taxes were $12.1 million against $5.5 million a year ago. Net earnings were $8.7 million or $0.74 diluted per share against $4.3 million or $0.35 diluted per share a year ago. Book value per share was $56.94. Net investment income was $8.3 million compared to $9.7 million for the same period a year ago. Operating earnings were $6.2 million or $0.53 diluted per share against $4.3 million or $0.36 diluted per share a year ago. Return on equity was 5.3% against 2.6% a year ago. Operating earnings were higher in the first quarter of 2013 compared with the first quarter of 2012 primarily as a result of improved underwriting results. The company affirmed earnings guidance for the year 2013. The company is affirming its operating earnings guidance of $2.90 - $3.40 per share. The guidance assumes gross written premium growth between 5.0% - 8.0% compared with the prior year, and an accident year combined ratio, which excludes development on prior accident year loss and loss adjustment expense reserves, between 96.5% and 97.5%.