American Physicians Insurance Company (API) is the third largest medical malpractice insurance carrier in Texas and has been providing high quality medical malpractice coverage for over 30 years. As of June

 2007, over 4800 policyholders currently experience the innovation and flexibility that our company consistently provides. API's founding philosophy of physicians protecting physicians, has given us a deep and clear understanding of our customer's unique needs. This physician-centric philosophy continues to permeate every aspect of our business today.

We are proud of the financial success we've been able to achieve. As of June 30, 2007 API had over $68 million of surplus and approximately $84 million in reserves. American Physicians Service Group (APS) is API's parent company and is traded on the NASDAQ under the ticker symbol of AMPH. To learn more about APS, visit the website at www.amph.com.