Montgomery, Ala., (April 25, 2006) - Alfa Corp. today announced that its board of directors has voted to increase the regular quarterly cash dividend to $0.11 per share, an increase of 10% percent over the previous quarterly rate. This represents the thirty-second consecutive year in which cash dividends have increased. The quarterly cash dividend is payable June 1, 2006, to stockholders of record at the close of business on May 15, 2006.

Alfa Corp. is engaged in insurance and financial activities through its subsidiaries. The common stock of Alfa Corp. is traded on the Nasdaq Stock Market's National 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.