Olympia Financial Group Inc. Earnings from Operations up 50%

CALGARY, May 17 /CNW/ - Olympia Financial Group Inc. (TSXV: OLY) is pleased to announce its operating and financial results for the first quarter ended March 31, 2010. The unaudited financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedar.com).

Highlights for the first quarter ended March 31, 2010 include the following:

    
    -   earnings from operations increased 50%, to $2.29 million from
        $1.53 million, compared to the same quarter of the previous year;
    -   total revenue increased 28%, to $9.28 million from $7.23
        million, compared to the same quarter of the previous year;
    -   interest income increased 29%, to $0.54 million from $0.42 million,
        compared to the same quarter of the previous year; and
    -   quarterly dividends increased to $0.50 per share from $0.45 per share
        effective January 31, 2010.
    

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Rick Skauge, President, at [phone], e-mail [email protected] or visit the website www.olympiatrust.com