Delphi Financial Group, Inc.

Delphi Financial Group, Inc. is an American financial holding company focused on specialty insurance and insurance-related service businesses in North America. Founded on November 11, 1987 by Robert Rosenkranz, the company built its business around market-leading niche insurance operations rather than broad, commodity-style coverage. Its strategy, as described on its own website, is to operate and grow market-leading companies in profitable niche markets. The group's core operating subsidiaries include Reliance Standard Life Insurance Company, a life insurer specializing in employee benefits such as disability income, group term life, and voluntary coverage options; Safety National Casualty Corporation, a property-casualty provider of excess workers' compensation coverage to self-insured employers and groups; and Matrix Absence Management, Inc., which manages absence programs including disability, workers' compensation, and family leave. Delphi also acquired the assets of Custom Disability Solutions, a reinsurance and services provider to health and life carriers. Delphi went public on NASDAQ on March 3, 1990, and transferred its listing to the New York Stock Exchange on October 31, 1996. On May 5, 2012, Delphi merged into and became a member of the Tokio Marine Group, Japan's largest non-life insurer and one of the world's top-tier global insurance groups. Today Delphi operates as a member of that group, continuing to run specialty insurance and insurance-services businesses across North America.

Delphi Financial Group, Inc. was founded on November 11, 1987 by Robert Rosenkranz. From the outset the company pursued a strategy of building or acquiring market-leading businesses in profitable specialty insurance niches rather than competing broadly across the insurance market. A defining early move was the acquisition of Reliance Standard Life Insurance Company, a life insurance carrier specializing in innovative and flexible employee benefits solutions. Its offerings included disability income and group term life insurance as well as a suite of voluntary, employee-paid coverage options. This gave Delphi a strong position in the employee benefits segment. On March 3, 1990, Delphi became a publicly listed company on NASDAQ. Its listing was later transferred to the New York Stock Exchange on October 31, 1996, reflecting the company's growth and broader market profile. Delphi expanded its specialty footprint through further acquisitions. On March 3, 1996, it acquired Safety National Casualty Corporation, a leading property-casualty provider of excess workers' compensation coverage to self-insured employers and self-insured groups nationwide. On June 6, 1998, it acquired Matrix Absence Management, Inc., an industry leader in managing absence, including customized management of disability, workers' compensation, and family leave programs. On April 4, 2006, Delphi acquired the assets of Custom Disability Solutions, a provider of comprehensive reinsurance solutions and services such as underwriting, actuarial, claims, and marketing to some of the country's most respected health and life insurance carriers. On May 5, 2012, Delphi merged into and became a member of the Tokio Marine Group, Japan's largest non-life insurer and one of the world's top-tier global insurance groups. Following the merger, Delphi continued to operate as a financial holding company focused on specialty insurance and insurance-related service businesses in North America, running its subsidiaries under the Tokio Marine umbrella.

• Delphi Financial Group, Inc. founded by Robert Rosenkranz.

• Delphi publicly listed on NASDAQ.

• Acquired Safety National Casualty Corporation, a leading property-casualty provider of excess workers' compensation coverage.

• Listing transferred from NASDAQ to the New York Stock Exchange.

• Acquired Matrix Absence Management, Inc., an industry leader in absence management.

• Acquired the assets of Custom Disability Solutions, a provider of reinsurance solutions and services.

• Delphi merges into and becomes a member of the Tokio Marine Group.

A financial holding company focused on specialty insurance and insurance-related service businesses in profitable niche markets in North America, operating as a member of the Tokio Marine Group.

• Disability income insurance

  Employee benefits coverage offered through Reliance Standard Life Insurance Company.

• Group term life insurance

  Group life coverage offered through Reliance Standard Life Insurance Company.

• Voluntary (employee-paid) coverage options

  A suite of voluntary benefits offered through Reliance Standard Life Insurance Company.

• Excess workers' compensation insurance

  Property-casualty coverage for self-insured employers and self-insured groups nationwide, offered through Safety National Casualty Corporation.

• Absence management services

  Customized management of disability, workers' compensation, and family leave programs, offered through Matrix Absence Management, Inc.

• Reinsurance solutions and services

  Underwriting, actuarial, claims, and marketing services provided to health and life insurance carriers, from Custom Disability Solutions.

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