Atlantic American Corporation

Atlantic American Corp is a Georgia corporation incorporated in 1968 that operates as a holding company through subsidiaries in specialty markets within the life and health and property and casualty insurance industries. Its principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together "American Southern") in property and casualty insurance, and Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company (together "Bankers Fidelity") in life and health insurance. Each of American Southern and Bankers Fidelity is managed separately based on the products it offers and is evaluated on individual performance. The company's strategy focuses on well-defined geographic, demographic and/or product niches within the insurance marketplace, and each subsidiary operates with relative autonomy designed to allow quick reaction to market opportunities. The Parent has no significant business operations of its own and relies on fees, dividends and other distributions from its operating subsidiaries as the principal source of cash flow to meet its obligations. American Southern comprises the property and casualty operations, with primary product lines including Commercial Automobile Insurance, which provides bodily injury and/or property damage liability coverage, uninsured motorist coverage and physical damage coverage for commercial accounts; General Liability Insurance, covering bodily injury and/or property damage liability for premises and completed operations exposures for general classes of business; and Surety Bonds, under which the issuing insurance company guarantees to a third party that the primary party will fulfill an obligation under a contractual agreement, which may involve meeting a contractual commitment, paying a debt or performing certain duties.