American Family Insurance Elects Jack Salzwedel President and Chief Operating Officer

Move finalizes transition of company leadership; David Anderson to assume top CEO role

Harvey Pierce

David Anderson

Jack Salzwedel

Madison, Wis. (July 10, 2006) — The Board of Directors of American Family Mutual Insurance Company today completed the company’s year-end transition of top leadership, with the election of Jack Salzwedel as president and chief operating officer.

Current chairman and chief executive officer Harvey Pierce previously announced his intent to retire at the end of 2006, capping a 44-year American Family career. In February, the board unanimously elected current president and chief operating officer David Anderson as his successor, effective Jan. 1, 2007.

Today, the board elected Salzwedel to succeed Anderson as president and chief operating officer.

“American Family has a strong, continuing leadership succession plan. Now our policyholders, agents and employees know who will lead the organization and the new leaders have sufficient time to transition in their new roles,” Pierce said.

Salzwedel was promoted from his current position as executive vice president, overseeing the company’s five regional sales operations, marketing and broker/dealer divisions.

“Jack Salzwedel has a vision and understanding of the significant challenges our company faces in the years ahead and will provide strong and creative leadership to sustain American Family’s extraordinary success,” Anderson said. “He has the proven ability to build consensus and energy among team members, producing results through a collaborative leadership style.”

A native of DeForest, Wis., Salzwedel began his career with American Family in 1983 as a health claim adjuster. Two years later, he became an American Family agent in Sun Prairie, Wis., with subsequent promotions to district sales manager in 1988 and sales director for the eastern part of Wisconsin in 1995.

Salzwedel served as vice president of American Family’s Personal Lines Division between 2000 and 2003, when he was elected vice president of the company’s life and health insurance operations. In January 2005, he was elected executive vice president.

Salzwedel grew up with American Family, observing and learning from his late father, Tom, who operated an American Family agency in DeForest. “My dad taught me the basics of our business at an early age,” Salzwedel said, “but more important, he instilled in each of his children the importance of integrity and community service.”

Salzwedel earned a bachelor’s degree in biology and business administration from Wartburg College in Waverly, Iowa. He and his wife, Sarah, live in the Madison area with their four children.