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Atlantic American Posts Q2 Results

Revenue for the three month period ended June 30, 2009 was $25.7 million

Atlantic American Corporation has reported a net income of $12000, or a loss of $0.01 per diluted share, for the three month period ended June 30, 2009, compared to net income of $0.8 million, or $0.02 per diluted share, for the three month period ended June 30, 2008.

For the six month period ended June 30, 2009, the net income was $0.3 million, or nil per diluted share, compared to a net loss of $1 million, or $0.08 per diluted share, for the comparable period in 2008.

The results for the six month period ended June 30, 2008 included a loss from discontinued operations of approximately $2.2 million, or $0.10 per diluted share.

The total revenues for the three month period ended June 30, 2009 were $25.7 million, increasing 0.5% from the $25.6 million for the three month period ended June 30, 2008. Insurance premiums during this quarter increased 2.6% from the comparable 2008 premiums. For the six month period ended June 30, 2009, revenues were $51.3 million, decreasing 0.3% from the comparable 2008 revenues of $51.5 million.

Atlantic American is an insurance holding company involved, through its subsidiary companies, in specialty markets of the life, health, and property and casualty insurance industries.