Northwestern Nat’l. Casualty Affirmed

February 12, 2001

The “BBBpi” financial strength rating (FSR) on Northwestern National Casualty Co. (NNCC) was affirmed by S&P. The company primarily underwrites automobile damage and liability coverage for the commercial auto and private markets, and is ultimately controlled and owned by Highlands Insurance Group Inc. Concurrently, based on the absence of relevant historical data, FSRs were withdrawn on the following three affiliates: American Professionals Insurance Co., State Capital Insurance Co. and Statesman Insurance Co. NN Insurance Co. remains a non-rated NNCC affiliate.