Georgia Insurance

ATLANTA - (BUSINESS WIRE) - Atlantic American Corporation (Nasdaq: AAME) reported that exists today closed the sale of accidents and damage regional operations (including the Association Casualty Insurance Company Risk Management Association General of the Agency, and Georgia, Inc. Casualty & Surety Company), at the Columbia Mutual Insurance Company of Columbia, Missouri. The sale was originally announced on December 27, 2007 and Benfield Advisory Inc. served as financial adviser for Atlantic American Corporation.

At the same time, the company has also announced, the net profit for the year ended December 31, 2007, of $ 7.3 million, or over $ 0.25 per share, compared to $ 8.9 million or $ 0.33 more per share for the year ended December 31, 2006. The loss from discontinued operations amounted to $ 4.3 million or $ 0.20 more per share for the year ended December 31, 2007 compared to income from discontinued operations of 1.8 million $ or $ 0.06 more per share for the year ended December 31, 2006. Total turnover for the year 2007 were $ 123.0 million, a decrease of 1.9% in 2006, a total turnover of $ 125.4 million. Premiums in the year 2007 decreased by $ 11.8 million, or 10.7%, to $ 97.8 million in 2006 premium income of $ 109.6 million. Premium declines were particularly sensitive on price and product competition in all sectors. The benefits of the investments made for the year 2007 2006 with the rise as a result, in the first place, the sale of a participation in camps Wachovia Corporation. In the fourth quarter, December 31, 2007, the Company reported net income of $ 4.2 million or over $ 0.15 per share, compared to $ 3.0 million, or $ 0.11 per share more , while over the same period in 2006. For the fourth quarter, December 31, 2007, has increased turnover by 23.2% to $ 38.4 million $ 31.2 million for the fourth quarter of 2006. Premiums for the fourth quarter of 2007 decreased by 10.9% to $ 23.7 million, compared to $ 26.6 million for the fourth quarter of 2006. The increase in the fourth quarter of 2007, total turnover was the result of the sale of shares of Wachovia Corporation, the increase in earnings from investments. Without taking into account the investment gain (loss) before income taxes, operating income from continuing operations for the year ended December 31, 2007 were $ 6.5 million, which is comparable to that of the year December 31, 2006. Operating income before taxes from continuing operations for the three months to December 31, 2007 were $ 2.9 million, 78.6% higher than the $ 1.6 million compared with the period quarter of 2006.

Commented, Howell H. Hilton, Jr., President and Chief Executive Officer, said: “While we do not have daily interaction we had with the people who did so much for our region and damage accidents, we believe that the future of The business is in good hands with Columbia Insurance Group. Where the United States, the growth of its economy uncertain, we are entering a period in which we now have our business has been reduced to special chemicals to markets products and markets in which we feel we can concentrate and Excel.

Atlantic American is an insurance holding company, the intermediary of its subsidiaries in markets special chemicals of life, health and accident damage and sectors. Its major subsidiaries owned American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company and Self-Insurance Administrators, Inc.

Note regarding Private Securities Litigation Reform Act: Except for historical information contained in this release contains forward-looking statements, which includes a number of risks and uncertainties. Actual results may be very different from those we by the forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that Atlantic American Corporation has asked the US Securities and Exchange Commission.