EXHIBIT INDEX



Exhibit Number          Title
--------------          -----

2                       Consent of Independent Accountants











CONSENT OF PUBLIC ACCOUNTANTS




As independent  public  accountants,  we hereby consent to the  incorporation by
reference of our report dated May 7,  2004,  included in this Annual  Report of
the Atlantic American  Corporation  401(k) Retirement  Savings Plan on Form 11-K
for the  year  ended  December  31,  2003,  into  the  Plan's  previously  filed
Registration Statement No. 333-89891.




                                          GIFFORD, HILLEGASS & INGWERSEN, L.L.P.


Atlanta, Georgia
June 28, 2004