AFG American Financial Group

National Interstate Corporation Announces 2005 First Quarter Conference Call and Web Cast RICHFIELD, Ohio, May 6 /PRNewswire-FirstCall/ -- National Interstate Corporation (NASDAQ:NATL), expects to release its 2005 first quarter results on Thursday, May 12, 2005, after the market closes. The earnings release will be available shortly thereafter on NATL's investor relations website at http://invest.nationalinterstate.com/ . (Logo: http://www.newscom.com/cgi-bin/prnh/20050114/NILOGO ) In conjunction with the earnings release, NATL's results will be discussed in a conference call at 10:00 a.m. EDT on Friday, May 13, 2005. There are two communication modes available to listen to the call. Over the Telephone: Telephone access to the conference call and Q and A session will be available by dialing 800-573-4840 and providing the confirmation code 34091112. Please dial in 5 to 10 minutes prior to the scheduled starting time. Live on the Internet: The conference call will also be broadcast live over the Internet. To listen to the call via the Internet, access NATL's website, http://invest.nationalinterstate.com/ , and follow the instructions at the web cast link. The archived web cast will be available immediately after the call on National Interstate's website. About National Interstate Corporation National Interstate Corporation, founded in 1989, is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. National Interstate differentiates itself within its markets by offering insurance products and services designed to meet the unique needs of targeted insurance buyers that we believe are underserved by the insurance industry. Our products include property and casualty insurance for transportation companies, group captive insurance programs for transportation companies (alternative risk transfer), specialty personal lines, primarily, recreational vehicle and watercraft coverage, and transportation and general commercial insurance in Hawaii. We distribute our insurance products through multiple channels including independent agents and brokers, affiliated agencies and agent Internet initiatives. Our insurance subsidiaries are rated "A" (Excellent) by A.M. Best Co. National Interstate is a subsidiary of the Great American Insurance Company, a property-casualty insurance subsidiary of American Financial Group, Inc. (NYSE:AFG) Nasdaq. The Company is headquartered in Richfield, Ohio, which is located in northeastern Ohio between Cleveland and Akron. In February 2005, National Interstate Corporation completed an initial public offering (IPO) in which it issued 3,350,000 shares and selling shareholders offered 1,074,000 shares at an initial offering price of $13.50 per share. Proceeds to the Company from the offering totaled approximately $40.4 million after deduction for the underwriting discount and offering expenses. Net proceeds were used to repay a loan from National Interstate's majority shareholder, Great American Insurance Company and for other general corporate purposes. Forward Looking Statements Certain statements may be made on the conference call that may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from any predictions that may be made. Additional information regarding factors that could cause such differences may appear in the press release. We assume no obligation to update this release, which speaks as of the date issued. Contact: Mike Bourgon VP - Investor Relations (330) 659-8900 http://www.newscom.com/cgi-bin/prnh/20050114/NILOGO http://photoarchive.ap.org/ DATASOURCE: National Interstate Corporation CONTACT: Mike Bourgon, VP - Investor Relations of National Interstate Corporation, +1-330-659-8900, or Web site: http://www.nationalinterstate.com/

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