Annual Cash Dividend Declared by Atlantic American

ATLANTA, GA -- (Marketwire) -- 02/28/12 -- Atlantic American Corporation (NASDAQ: AAME) today announced that its board of directors, at its recent meeting, declared an annual cash dividend of $0.02 per share that will be payable on April 27, 2012 to shareholders of record as of March 30, 2012.

"While last year's dividend was characterized as a special dividend, the Company's continued strong performance has given us the confidence to declare this dividend as an annual dividend. Our 2011 results, which will be released later in March, will reinforce not only our belief in and commitment to the Company but our commitment to our shareholders to enhance the value of their investment in our organization," commented Hilton H. Howell, Jr., chairman, president and chief executive officer.

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. Its principal subsidiaries consist of American Southern Insurance Company, American Safety Insurance Company, and Bankers Fidelity Life Insurance Company.

Note regarding Private Securities Litigation Reform Act: This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statement and reports that Atlantic American Corporation files with the Securities and Exchange Commission.

For further information contact:

John G. Sample, Jr.
Senior Vice President and Chief Financial Officer
Atlantic American Corporation
404.266.5501

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