ATLANTIC AMERICAN CORP

Atlantic American Corporation is a holding company incorporated in Georgia in 1968, operating through subsidiaries in specialized life and health, and property and casualty insurance markets. The company's primary operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company, collectively known as "American Southern," which handle property and casualty insurance. Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company, and Atlantic Capital Life Assurance Company, collectively known as "Bankers Fidelity," operate within the life and health insurance industry. American Southern and Bankers Fidelity are managed independently, focusing on specific geographic, demographic, or product niches, and are evaluated on their individual performance. This structure allows for quick responses to market opportunities. The Parent company itself does not have significant business operations and relies on fees, dividends, and other distributions from its operating subsidiaries for cash flow. American Southern's property and casualty operations include Commercial Automobile Insurance, providing bodily injury, property damage liability, uninsured motorist, and physical damage coverage for commercial accounts. It also offers General Liability Insurance, covering bodily injury and property damage liability for premises and completed operations exposures for general business classes. Additionally, American Southern provides Surety Bonds, where the insurance company guarantees that a primary party will fulfill a contractual obligation, such as meeting a commitment, paying a debt, or performing duties.