Annual Cash Dividend Declared by Atlantic American

Annual Cash Dividend Declared by Atlantic American

ATLANTA, March 5, 2013 (GLOBE NEWSWIRE) -- 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 26, 2013 to shareholders of record as of March 29, 2013.

"We are pleased to announce this second annual dividend; particularly after
paying the $0.05 per share special dividend in December 2012. These dividends
reflect the confidence we have in our Company and our future prospects. Our
2012 results, which will be released later in March, will reinforce not only
our belief in and commitment to the Company but the commitment to our
shareholders to enhance the value of their investment in our organization,"
commented Hilton H. Howell, Jr., Chairman, President and Chief Executive

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: Except for historical
information contained herein, 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.

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