DFY Delphi Financial Grp. 8.00 SR NT 5/15/2033

Delphi Financial Group, Inc. (NYSE:DFG) announced today that its 7.376% Junior Subordinated Debentures, which were issued in May, have begun trading on the NYSE under the ticker symbol �DFP.� Delphi Financial issued $175 million of these Junior Subordinated Debentures, which have a 30-year scheduled maturity and a 60-year final maturity and are callable at par after ten years. The Junior Subordinated Debentures have a fixed rate coupon of 7.376% for an initial ten-year period, after which the coupon will become floating. Delphi Financial�s existing 8% Senior Notes, which were issued in 2003, trade on the NYSE under the ticker symbol �DFY.� 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 insurance coverages: group life, long-term and short-term disability, excess workers� compensation for self-insured employers, travel accident, dental and limited benefit health insurance. Delphi�s asset accumulation business emphasizes individual fixed annuity products. Delphi�s common stock is listed on the New York Stock Exchange under the symbol DFG and its corporate website address is www.delphifin.com.