Delphi Financial Reports Second Quarter Operating EPS of $0.83

Delphi Financial Group, Inc. DFG announced today that operating earnings in the second quarter of 2010 were $46.1 million or $0.83 per share, compared to $54.9 million or $1.09 per share in the second quarter of 2009. Operating earnings for the first half of 2010 were $93.6 million or $1.68 per share, compared to $93.6 million or $1.90 per share in the first half of 2009. Annualized operating return on beginning equity in the second quarter of 2010 was 13.0%, compared to 25.5% in the second quarter of 2009. Delphi reported net income attributable to shareholders in the second quarter of 2010 of $37.0 million or $0.66 per share, compared to $37.0 million or $0.74 per share in the second quarter of 2009. Net income attributable to shareholders in the second quarter of 2010 included after-tax realized investment losses of $(9.0) million or $(0.17) per share, including other-than-temporary impairments of ($13.5) million or ($0.24) per share. Net income attributable to shareholders in the second quarter of 2009 included after-tax realized investment losses of $(17.9) million or $(0.35) per share, including of $(16.2) million or ($0.32) per share.