Atlantic American Announces Acquisition of Life and Health Insurance Company

Atlantic American Announces Acquisition of Life and Health Insurance Company

ATLANTA, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Atlantic American Corporation
(Nasdaq:AAME) today announced that it has closed on its acquisition of Direct
Life Insurance Company ("DLIC"), formerly a non-active subsidiary of Direct
General Insurance Company. In connection with the acquisition, DLIC's name is
being changed to Bankers Fidelity Assurance Company.

While not writing any life or health business in the past several years, DLIC
has maintained various licenses in 14 states. The acquisition will allow
Bankers Fidelity Life Insurance Company, the existing Atlantic American
subsidiary, to offer complementary products to those it already writes in the
same 14 states.This should permit greater diversification of product and
pricing in those states as well as permit future expansion in other states as
opportunities arise.

Speaking on the acquisition, Hilton H. Howell, Jr., chairman, president and
chief executive officer of Atlantic American stated, "The acquisition of this
company with its existing charter and licenses gives us the immediate
opportunity for continued product diversification and expansion.And on a
longer term basis, as we undertake to license the company in additional
states, we see excellent opportunity to continue with the growth which we have
exhibited in recent years."

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 South 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 may contain 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
statements and reports that Atlantic American Corporation files with the
Securities and Exchange Commission.

CONTACT: For further information contact:
         Hilton H. Howell, Jr.
         Chairman, President and Chief Executive Officer
         Atlantic American Corporation
         404-266-5505
        
         John G. Sample, Jr.
         Senior Vice President and Chief Financial Officer
         Atlantic American Corporation
         404-266-5501
 
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