Sale of Zurich Life to Bank One Closes

Zurich, September 4, 2003 – Zurich Financial Services Group (Zurich) today announced the close of the sale of Zurich Life, part of its U.S. life and annuity operations, to Bank One Corporation (NYSE: ONE). This transaction was announced on May 30, 2003. Kemper Investors Life Insurance Company is not part of the sale and will be retained by Zurich Financial Services.

Zurich will continue to offer life insurance protection in the U.S. mainly through Farmers New World Life Insurance. This Zurich-owned company is well positioned in the U.S. life and annuity market and enables Zurich to offer competitive products through Farmers’ vast distribution network of agents. Farmers New World Life is a life insurance subsidiary of Farmers Group, Inc., a management and holding company that also provides management services to Farmers P&C Group Companies, the nation’s third-largest personal lines property & casualty insurance group.