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August 15, 2006   Email to Friend 

ALFA LIFE INSURANCE NAMED TO WARD'S TOP FIFTY
Dave Rickey
(334) 613-4034
August 15, 2006

MONTGOMERY, Ala., Aug. 15 -- Alfa Life Insurance Corporation, a wholly owned subsidiary of Alfa Corporation (NASDAQ:ALFA), has been named to the 2006 Ward's 50 Top Performing Life / Health Insurance Companies. This marks the eleventh consecutive year Alfa Life Insurance Corporation has received this prestigious recognition. Annually, Ward Group analyzes the financial performance of over 900 life-health insurance companies domiciled in the United States and identifies the top-performing companies.

"The insurance industry today faces tremendous challenges, including market pressures, expense management, technology, rising claim costs, compliance, legislation and more," stated Jeff Rieder, President of Ward Group. "Top-performing companies take these challenges in stride. The best companies often do things differently in order to set themselves apart from the competition. In particular, these companies maintain efficient operating models, meet the needs of customers and successfully execute their strategy."

Commenting on the recognition, Alfa Chairman, President and Chief Executive Officer, Jerry A. Newby, said, "We are honored once again to be included among this elite group of top-performing companies. We are extremely proud that Alfa continues to be a leader in our industry. We believe this recognition is the direct result of our commitment to excellence in all areas of our business."

Alfa Corporation is engaged in insurance and financial activities through its subsidiaries. The common stock of Alfa Corporation is traded on NASDAQ Stock Market's Global Select Market under the symbol ALFA. For more information on the Company, visit: www.alfains.com.


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