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                             ATTORNEYS INSURANCE MUTUAL OF ALABAMA, INC.
                                             Balance Sheet - Statutory Basis  
                                                      August 31, 2007    
                                                            (Unaudited)    
       
       
ADMITTED ASSETS      
       
CASH AND INVESTED ASSETS      
       
     Cash and Equivalents      $           865,021
     Bonds              11,506,259
     Stocks                3,614,649
       
TOTAL CASH AND INVESTED ASSETS              15,985,929
       
OTHER ASSETS      
       
     Investment Income / Current Receivables                  565,325
     Land and Building (Net of Depreciation of       
       $214,083 at August 31, 2007)                  936,148
     Furniture and Equipment (Net of Depreciation    
       of $33,258 at August 31, 2007)                    18,911
       
TOTAL OTHER ASSETS                1,520,384
       
TOTAL ADMITTED ASSETS      $      17,506,313
       
LIABILITIES AND POLICYHOLDERS' SURPLUS    
       
LIABILITIES      
       
     Loss Reserves      $        7,321,000
     Unearned Premiums                1,528,942
     Payables / Accruals                  752,823
       
TOTAL LIABILITIES                9,602,765
       
POLICYHOLDERS' SURPLUS      
       
     8% Series A Subordinated Surplus Debentures                         -  
     Other Contributed Surplus                1,947,620
     Retained Earnings                5,748,590
     Current Year Gain                  207,338
       
TOTAL POLICYHOLDERS' SURPLUS                7,903,548
       
TOTAL LIABILITIES AND POLICYHOLDERS' SURPLUS    $      17,506,313
   

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