Vesta Insurance Group Delays Filing Form 10-K

Vesta Insurance Group Inc. of Birmingham, Ala. has announced that the filing of its 2004 Form 10-K will be delayed beyond April 1 to provide additional time to finalize the assessment of the effectiveness of its internal controls pursuant to Section 404 of the Sarbanes-Oxley Act of 2002 and to conclude the resolution of the error it disclosed in November 2004.

Although the company currently anticipates filing its Form 10-K for the year 2004 on or before April 30, there could be further delays if the company is unable to complete its assessment of the effectiveness of internal controls or it is unable to finalize the resolution of the error.

Vesta is a holding company for a group of insurance and financial services companies that offer a wide range of consumer-based products.