UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 31, 2002
21st Century Insurance Group, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
California 0-6964 95-1935264
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO)
6301 Owensmouth Avenue
Woodland Hills, California 91367
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
Registrant's telephone number, including area code (818) 704-3700
Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS.
1. The Registrant has issued the attached News Release, changing the
membership on its Board of Directors. Mr. Dooley did not resign due to any
disagreement with the Registrant.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Current Report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.
21ST CENTURY INSURANCE GROUP, INC.
----------------------------------
(Registrant)
Date: December 31, 2002 By:
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Douglas K. Howell, Chief Financial Officer
Page 2 of 2
21ST CENTURY INSURANCE
[GRAPHIC OMITTED]
21ST.COM
1-800-211-SAVE
FOR IMMEDIATE RELEASE: CONTACT:
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DECEMBER 31, 2002 FIONA HUTTON
(818) 508-1986
21ST CENTURY INSURANCE ANNOUNCES ADDITIONS TO BOARD OF DIRECTORS
WOODLAND HILLS, CA - 21st Century Insurance Group (NYSE: TW) today announced
changes to its Board of Directors designed to enhance its corporate governance
and broaden the overall expertise of its Board. The Company has expanded the
size of its Board from nine to eleven and named three new directors, Mr. Keith
Renken, Mr. Fred Martin, and Mr. Jeff Hayman.
Mr. Renken retired as Senior Partner and Chairman, Executive Committee of
Southern California, of accounting firm Deloitte & Touche in 1992 after 33 years
with the firm. He is currently an Adjunct Professor at the University of
Southern California and member of the Board of East West Bank. Mr. Renken is
active in numerous civic organizations.
Mr. Martin consults with a wide range of firms on governmental relations in
California and nationally. He retired as Senior Vice President and Director of
Governmental Relations of Bank of America in 1993, after serving 22 years with
the firm. Prior to Bank of America, Mr. Martin was the chief spokesperson for
the San Francisco business community through his position with the Greater San
Francisco Chamber of Commerce and editor of San Francisco Business. He also
previously held writing and editorial positions with The Denver Post, the
Associated Press and the San Francisco Examiner and served as an Infantry
Lieutenant in the United States Army. Mr. Martin is a Visiting Scholar at the
Institute of Government Study at the University of California in Berkeley. Mr.
Martin is a director of the Abraham Lincoln Institute and the America Running
Association.
Mr. Hayman joined American International Group, Inc. ("AIG") in 1998 and is
currently Regional Vice President for Direct & Sponsored Marketing of personal
lines products in Japan and Korea. From 1983 to 1998, Mr. Hayman served in
various positions in personal lines with Travelers Property & Casualty Company.
Mr. Hayman is a Chartered Financial Consultant and Chartered Life Underwriter.
Mr. Hayman replaces William Dooley, Senior Vice President, AIG Financial
Services, who announced his resignation from the Board.
Mr. Renken and Mr. Martin will join current director, John B. De Nault III, on
the Company's Audit Committee. Mr. De Nault continues as Chair of the Audit
Committee.
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21ST CENTURY INSURANCE ANNOUNCES ADDITIONS TO BOARD OF DIRECTORS - PAGE 2
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"The addition of Keith Renken and Fred Martin provides us two additional
independent directors with proven financial and business expertise. Keith's
33-year career in public accounting speaks for itself and Fred's experience in
the regulatory and political arenas will also help the Audit Committee and the
Board assess the Company's risks and develop its positions in these areas," said
Bruce Marlow, 21st Century President and Chief Executive Officer.
"We will miss Bill Dooley's contributions to our Board, especially in the area
of investment strategy," explained Marlow, "but we look forward to working with
Jeff Hayman and getting his insights on direct marketing strategies."
Founded in 1958, 21st Century Insurance Group is a pioneer in the
direct-to-consumer marketing of personal automobile insurance serving customers
in California, Arizona, Nevada, Oregon and Washington. The Company provides
full service 24 hours a day, 365 days a year at 1-800-211-SAVE and its website,
WWW.21ST.COM. 21st Century is rated A+ (Superior) by A.M. Best and A+ by
Standard & Poor's.
21st Century Insurance Group is traded on the New York Stock Exchange under the
trading symbol TW and is headquartered at 21st Century Plaza, 6301 Owensmouth
Avenue, Woodland Hills, CA 91367.
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