Ceres Group to Announce First Quarter 2006 Results

Ceres Group, Inc. (NASDAQ:CERG) today announced that it
will release first quarter 2006 financial results after market on
Wednesday, May 3, 2006.
   Tom Kilian, president and chief executive officer, will host a
conference call at 10:00 a.m. (Eastern) on Thursday, May 4, 2006, to
discuss the results. The conference call will be broadcast over the
Internet at www.ceresgp.com or 
http://phx.corporateir.net/playerlink.zhtml?c=71415&s=wm&e=1306704. 
To listen to the webcast, please log onto this site at least 15 
minutes prior to the call to register, download and install any 
necessary audio software. If you are unable to participate on the 
call, a replay will be available through May 10, 2006, by dialing 
888-286-8010, passcode: 80657959.

   About Ceres Group

   Ceres Group, Inc., through its insurance subsidiaries, provides a
wide array of health and life insurance products through two primary
business segments. Ceres' Medical Segment includes major medical
health insurance for individuals, families, associations and small
businesses. The Senior Segment includes senior health, life and
annuity products for Americans age 55 and over. To help control
medical costs, Ceres also provides medical cost management services to
its insureds. Ceres' nationwide distribution channels include
independent and career agents, as well as electronic distribution
systems. Ceres is included in the Russell 3000(R) Index. For more
information, visit www.ceresgp.com.