Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Revenue and income (loss) before tax for each business unit

The Company's primary operating subsidiaries, American Southern Insurance Company and American Safety Insurance Company (together known as "American Southern") and Bankers Fidelity Life Insurance Company ("Bankers Fidelity") operate in two principal business units, each focusing on specific products. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each business unit is managed independently and is evaluated on its individual performance. The following sets forth the revenue and income (loss) before tax for each business unit for the three month and nine month periods ended September 30, 2012 and 2011.

Revenues	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
American Southern	$	10,482	$	10,446	$	32,633	$	31,928
Bankers Fidelity		24,604		20,212		71,542		55,505
Corporate and Other		216		142		631		495
Total revenue	$	35,302	$	30,800	$	104,806	$	87,928

Income (loss) before income taxes	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
American Southern	$	233		$	974		$	1,993		$	3,491
Bankers Fidelity		2,230			2,391			6,005			3,824
Corporate and Other		(1,507	)		(1,597	)		(4,468	)		(4,587	)
Income before income taxes	$	956		$	1,768		$	3,530		$	2,728

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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