Centris Group to Announce Year-End Results in March.

COSTA MESA, Calif.--(BUSINESS WIRE)--Feb. 10, 1999--The Centris Group Inc. (NYSE:CGE), a leading provider of domestic and international medical and specialty insurance lines, Wednesday reported that it is postponing the release of its fourth-quarter and 1998 year-end results until March 1999.

The company said that due to the pending sale of USF RE INSURANCE CO., it will finalize its fourth-quarter and year-end results in March when it expects to conclude a definitive agreement for the sale of USF RE. The company will report the sale of USF RE as a discontinued operation.

The Centris Group operates complementary businesses based on its expertise in the handling of specialized risk. It is a market leader in medical stop-loss coverages that produce revenues from both premiums and fees.

Centris is also a provider of property/casualty reinsurance, excess and surplus-lines insurance, special-risk accident and health insurance products and reinsurance intermediary services. Other specialized risk operations include claim review, premium and claim auditing, medical technology and treatment assessment, and runoff management.

Among the most highly rated companies in its markets, The Centris Group conducts business both nationally and internationally through USBenefits Insurance Services Inc., INTERRA Inc., USF RE INSURANCE CO., USF Insurance Co., Seaboard Life Insurance Co. (USA), and VASA North America Inc. and its subsidiaries.

Centris' insurance operations are rated "A" and "A-" (Excellent) by A.M. Best Co. and USF RE is assigned a claims-paying ability rating of Aq (Good) by Standard & Poor's.

For more information on The Centris Group Inc. via facsimile at no cost, call 800/PRO-INFO and dial client code "CGE" or visit the company's Web site at www.thecentrisgroup.com.

Forward-Looking Statements

Some of the statements included within this release that are not historical facts may be considered to be 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, and therefore are subject to certain risks and uncertainties that could cause the actual results to differ materially from those suggested by such statements. Such risks and uncertainties include, but are not limited to, the following: catastrophic losses or a material aggregate of such losses in the company's insurance lines; changes in federal or state law affecting an employer's ability to self-insure or other adverse regulatory changes; the adequacy of the company's reinsurance program; general economic conditions in this country or abroad; adverse developments in the securities markets and their impact on the company's investment portfolio; the effects of competitive market pressures within the medical lines or property/casualty marketplaces; the effect of changes required by generally accepted accounting practices or statutory accounting practices; and other risks that are described from time to time in the company's filings with the Securities and Exchange Commission. The words "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements.