21st Century Holding Company Comments on Company Guidance.

LAUDERDALE LAKES, Fla. -- Edward J. (Ted) Lawson, CEO, President and Chairman of the Board of 21st Century Holding Company, (NASDAQ:TCHC), an insurance holding company, today commented on Company guidance.

Mr. Lawson said, "Due to a series of accounting issues, I am hereby removing previously issued guidance for calendar year 2006. I am, however, hereby reiterating guidance for calendar year 2007 of $4.50 per share. The main reasons for removing 2006 guidance at this time are as follows:

    1.  The Florida Insurance Guaranty Association (FIGA) and Citizens
        Property Insurance Corporation issued assessments totaling
        approximately $3 million to our insurance subsidiaries. These
        assessments are in addition to the $2 million in assessments
        received and recorded by the Company in the third quarter of
        2006, for a total of $5 million in outstanding assessments.
        These assessments center on the Company's statutory
        requirement to participate in funding for the insolvency of
        other property and casualty insurance carriers that operated
        within the state of Florida. These assessments are required to
        be reported as a charge to operations, however, upon
        regulatory approval, will be fully recouped by the Company
        through policy surcharges over an anticipated twelve-month
        period and reflected in the results of operations accordingly.

    2.  A strengthening of reserves on our homeowner and general
        liability lines of business, which should put the Company in a
        stronger position going forward. The Company appointed the
        actuarial firm of Merlinos & Associates, Inc. on December 29,
        2006 to produce its Actuarial Opinion for the year ending
        December 31, 2006, replacing its prior actuary appointment."

Mr. Lawson continued "We still expect record results for calendar year 2006. The Company will release its fourth quarter and fiscal year 2006 financial results at 3:00 PM on Thursday, March 8, 2007 followed by an investor conference call at 4:30 PM (ET)."

The Company's Chairman, CEO and President, Edward J. Lawson, and its CFO, J. Gordon Jennings, III, will discuss the financial results and review the outlook for the Company. Messrs. Lawson and Jennings invite interested parties to participate in the conference call. Listeners can access the conference call by dialing toll free 888-460-6235, conference ID #9482800. Please call at least five minutes in advance to ensure that you are connected prior to the presentation.

About the Company

The Company, through its subsidiaries, underwrites general liability insurance homeowners' property and casualty insurance, flood insurance and personal automobile insurance in the State of Florida. The Company underwrites general liability coverage as an admitted carrier in the States of Louisiana, Texas and Alabama for more than 300 classes of business, including special events. The Company also operates as an approved (non-admitted) carrier in the States of Georgia, Kentucky, Virginia, South Carolina, Missouri and Arkansas offering the same general liability products. The Company is licensed and has the facilities to market and underwrite other insurance carriers' lines of business, as well as to process and adjust claims for third party insurance carriers. In addition to insurance services, the Company offers premium finance services to its insureds as well as insureds of certain third party insurance companies.

Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties include, without limitation, uncertainties related to estimates, assumptions and projections generally; inflation and other changes in economic conditions (including changes in interest rates and financial markets); pricing competition and other initiatives by competitors; ability to obtain regulatory approval for applications to underwrite in an additional jurisdiction or for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against the Company and any settlement thereof; risks related to the nature of the Company's business; dependence on investment income and the composition of the Company's investment portfolio; the adequacy of the Company's liability for loss and loss adjustment expense; insurance agents; claims experience; limited experience in the insurance industry; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); changes in driving patterns and loss trends; acts of war and terrorist activities; court decisions and trends in litigation, and health care and auto repair costs; and other matters described from time to time by the Company in releases and publications, and in periodic reports and other documents filed with the United States Securities and Exchange Commission. In addition, investors should be aware that generally accepted accounting principles prescribe when a company may reserve for particular risks, including litigation exposures. Accordingly, results for a given reporting period could be significantly affected if and when a reserve is established for a major contingency. Reported results may therefore appear to be volatile in certain accounting periods.