Montgomery, Alabama (Jan. 28, 2008) -- Alfa Corp. today announced that its board of directors declared a regular quarterly cash dividend of $0.1175 per share, payable Feb. 29, 2008, to stockholders of record at the close of business on Feb. 15, 2008.

Alfa Corp. is engaged in insurance and financial activities through its subsidiaries. The common stock of Alfa Corp. is traded on the NASDAQ Global Select Market under the symbol ALFA.

Investors are cautioned that statements in this press release which relate to the future are, by their nature, uncertain and dependent upon numerous contingencies - including political, economic, regulatory, climatic, competitive, legal, and technological - any of which could cause actual results and events to differ materially from those indicated in such forward-looking statements. Additional information regarding these and other risk factors and uncertainties may be found in Alfa Corp.'s filings with the Securities and Exchange Commission.

Alfa Corp. Financial Contact:
Stephen G. Rutledge, 334-613-4500
Senior Vice President, CFO and Chief Investment Officer
or
Media Contact:
David C. Rickey, 334-613-4034
Vice President - Public Relations