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ULLICO Inc. Names David J. Barra to be Chief Financial Officer

WASHINGTON, March 12 PRNewswire — David J. Barra, former Conseco senior finance officer, has been named Chief Financial Officer of ULLICO Inc., labor's own insurance and financial services company, effective March 10, 2008. The Board of Directors approved the hiring in the February meeting, ULLICO announced today. Barra will report to Mark Singleton, ULLICO's Chief Executive Officer.

Barra joins ULLICO from Conseco, Inc. where he rose through the finance leadership ranks over an eighteen-year period, including recent stints leading the Financial Planning and Analysis unit and later, the Internal Audit function. Prior to joining Conseco, Barra was Senior Audit Manager with the former Price Waterhouse (now PriceWaterhouseCoopers).

"Dave brings substantial experience to our already strong finance team," said Mark Singleton, CEO of ULLICO Inc. "His experience at Conseco since its early days of rapid growth, expansion, and subsequent restructuring and rebuilding uniquely match our recent history and will have considerable impact on ULLICO's renewed growth and profitability."

Barra has an almost thirty year career in financial management, including financial planning, capital management, management reporting, acquisitions, financial systems, internal audit, risk management, and Sarbanes-Oxley compliance. He holds a Bachelor of Science degree in Accountancy from the University of Illinois.

Singleton served as CFO prior to his appointment to CEO three years ago. Since that time, Damon Gasque has served as Acting CFO in addition to his role as Treasurer. "As we pass the torch to Dave, I extend my sincere appreciation to Damon for the excellent job he has done," said Singleton.

"We have worked hard over the last two years to evolve our key leadership to meet the challenges we face in growing the Company to better meet the needs of organized labor and its members," said Singleton. "Dave is a strong addition to our team of leaders who share an unmatched commitment to ULLICO, its shareholders, its customers, and the union community that we have served for over eighty years."

About ULLICO Inc.

ULLICO Inc., with $5.3 billion in total assets under management, is an insurance and financial services holding company. ULLICO's subsidiary companies include The Union Labor Life Insurance Company; ULLICO Investment Advisors (formerly Trust Fund Advisors, Inc.); ULLICO Investment Company, ULLICO Casualty Company, and ULLICO Casualty Group. Since 1927, the ULLICO Family of Companies has offered quality insurance and investment products and services. For additional information, visit http://www.ullico.com.

Forward-Looking Statements

This press release may contain certain "forward-looking statements." In particular, statements regarding growth in our business are forward-looking statements as are discussions of our product pipeline and expected performance. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of ULLICO Inc. or its subsidiary companies, or the industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

ULLICO's forward-looking statements speak only as of the date of this press release or as of the date they are made, and ULLICO undertakes no obligation to update its forward-looking statements.

For more information, contact Raquel Fuentes at 202.962.2936.

SOURCE ULLICO Inc.

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