EXHIBIT 99.1

21st Century Holding Company Reports 2011 Fourth Quarter and Full Year Financial Results

SUNRISE, Fla., March 22, 2012 (GLOBE NEWSWIRE) -- 21st Century Holding Company (Nasdaq:TCHC) (the "Company"), a Florida-based provider of insurance, today reported results for the quarter and year ended December 31, 2011 (see attached tables).

Highlights include:

• Fourth quarter 2011 net income of $2.0 million, or $0.25 per share
• Net income of $0.25 per share is inclusive of $0.13 per share of investment gains and $0.04 relating to an increase in future tax benefits.
• Improved underwriting results; loss ratio improves to 52.9% for the fourth quarter 2011, compared with 105.4% for the fourth quarter 2010, and 63.7% for the full year 2011, compared with 89.0% for the full year 2010
• A 14% rate increase from the Florida Office of Insurance Regulation (OIR) on homeowner assumption policies, effective April 5, 2012

Mr. Michael H. Braun, the Company's Chief Executive Officer and President, said, "We are very pleased to report a second consecutive quarterly profit. As we mentioned in our third quarter press release we have developed a book of business that will produce favorable underwriting results that can be sustained over the long term. The processes undertaken to produce this type of business has led to our second consecutive quarter with an underwriting profit. Our disciplined focus on underwriting, risk management and expense control continues to generate improved operating results. Property rate relief continues in the form of a 14% rate increase on our homeowner assumption policies, effective April 5, 2012. This increase follows last year's 19% voluntary and 14% assumption rate increases. These rate increases will continue to contribute stronger earned premium going forward. Additionally, our commercial general liability business continues to improve as we market our 'direct to agent' distribution."

"We are pleased with the momentum we have established, and believe our improved underwriting processes and other measures taken will have a positive impact on our earned premium in 2012. We plan to maintain the underwriting discipline in 2012 that began producing positive results during the second half of 2011. In addition in 2012 we expect to introduce new products through both our Managing General Agent and our Commercial Liability program, which over time will add additional sources of revenue."

Fourth Quarter and Yearend 2011 Financial Review

• For the three months ended December 31, 2011, the Company reported net income of $2.0 million, or $0.25 per share on 7.95 million average undiluted and diluted shares outstanding, compared with a net loss of $3.5 million, or $0.43 per share on 7.95 million average undiluted and diluted shares outstanding in the same three-month period last year.
   
• For the three months ended December 31, 2011, the Company reported earnings per share of $0.25 which includes $0.13 from net realized investment gains and $0.04 relating to an increase in future tax benefits.
    
• For the twelve months ended December 31, 2011, the Company reported a net loss of $0.4 million, or $0.05 per share on 7.95 million average undiluted and diluted shares outstanding, compared with a net loss of $8.0 million, or $1.01 per share on 7.95 million average undiluted and diluted shares in the same twelve-month period last year.  
     
• Gross premiums written increased $1.4 million, or 5.7%, to $25.5 million for the three months ended December 31, 2011, compared with $24.1 million for the same three-month period last year. Homeowners' gross written premium increased $1.2 million, or 5.8%, to $21.9 million for the three months ended December 31, 2011, compared with $20.7 million for the same three-month period last year.
    
• Gross premiums written increased $1.9 million, or 1.9%, to $98.3 million for the twelve months ended December 31, 2011, compared with $96.4 million for the same twelve-month period last year. Homeowners' gross written premium increased $3.6 million, or 4.6%, to $80.4 million for the twelve months ended December 31, 2011, compared with $76.8 million for the same twelve-month period last year.
    
• Unearned premiums increased $0.8 million, or 1.7%, to $47.9 million as of December 31, 2011, compared with $47.1 million as of December 31, 2010.
    
• Net premiums earned increased $1.3 million, or 11.2%, to $12.8 million for the three months ended December 31, 2011, compared with $11.5 million for the same three-month period last year. Net premiums earned increased $3.4 million, or 7.7%, to $48.5 million for the twelve months ended December 31, 2011, compared with $45.1 million for the same twelve-month period last year.
   
• Total revenues increased $2.4 million, or 16.5%, to $16.7 million for the three months ended December 31, 2011, compared with $14.3 million for the same three-month period last year. Total revenues decreased $0.4 million, or 0.7%, to $60.2 million for the twelve months ended December 31, 2011, compared with $60.6 million for the same twelve-month period last year.

Conference Call Information

The Company will hold an investor conference call at 4:30 PM (ET) today, March 22, 2012. The Company's CEO and its CFO, Peter J. Prygelski, III, will discuss the financial results and review the outlook for the Company. Messrs. Braun and Prygelski invite interested parties to participate in the conference call.

Listeners interested in participating in the Q&A session may dial-in with the number below:

(866) 501-5542

A live webcast of the call will be available online via the "Conference Calls" section of the Company's website at www.21stcenturyholding.com or interested parties can click on the following link:

http://www.21stcenturyholding.com/confindex.cfm  

Please call at least five minutes in advance to ensure that you are connected prior to the presentation. A webcast replay of the conference call will be available shortly after the live webcast is completed and may be accessed via the Company's website.

About the Company

The Company, through its subsidiaries, underwrites homeowners' property and casualty, commercial general liability, commercial residential property, flood, personal automobile, commercial automobile, inland marine, workers' compensation and personal umbrella insurance in the state of Florida. The Company is also licensed as an admitted carrier in the states of Alabama, Georgia, Louisiana and Texas to offer coverage for more than 300 classes of commercial general liability business, including special events. The Company is approved to operate as a surplus lines/non-admitted carrier in the states of Arkansas, Kentucky, Maryland, Missouri, Nevada, Oklahoma, South Carolina, Tennessee, and Virginia and offers the same general liability products. The Company is licensed and has the facilities to market and underwrite other insurance carriers' lines of business, as well as to process and adjust claims for third party insurance carriers.

Forward-Looking Statements /Safe Harbor Statements

Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties include, without limitation, the costs and collectability of reinsurance; the success of the Company's growth and marketing initiatives and introduction of its new product lines; inflation and other changes in economic conditions (including changes in interest rates and financial markets); the impact of new regulations adopted in Florida and the other states in which we do business which affect the property and casualty insurance market; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes and/or changes in our capital structure, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us or which is commenced against the Company after the date hereof, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for loss and loss adjustment expense; insurance agents; claims experience; ratings by industry services (a withdrawal or reduction of our rating(s) could limit us from writing or renewing policies and could cause the Company's insurance policies to no longer be acceptable to the secondary marketplace and mortgage lenders); catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the SEC. Additional risk factors are also set forth in the Company's Form 10-K for the fiscal year ended December 31, 2010, filed with the SEC on March 31, 2011, and in the Company's subsequent filings under the Securities Exchange Act of 1934. In addition, investors should be aware that generally accepted accounting principles prescribe when a company may reserve for particular risks, including litigation exposures. Accordingly, results for a given reporting period could be significantly affected if and when a reserve is established for a major contingency. Reported results may therefore appear to be volatile in certain accounting periods. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.

The loss ratio is calculated as losses and loss adjustment expense divided by net premiums earned for each line of business in the given measured period.

CONTACT: Michael H. Braun, CEO (954) 308-1322
         or Peter J. Prygelski, CFO (954) 308-1252
         21st Century Holding Company