Philadelphia Consolidated Holding Joins S&P SmallCap 600 Index

June 5, 2001

Philadelphia Consolidated Holding Corp., which markets and underwrites specialty property and casualty insurance products, announced that after the close of trading on May 31, the company was included as a component of the S&P SmallCap 600 Index.

Philadelphia Insurance Companies, rated "A+ (Superior)" by A.M. Best Co., markets and underwrites specialty property/casualty insurance products through 36 proprietary underwriting offices across the U.S.