Exhibit 99.3

The Midland Company

Supplemental Financial Information by Segment

Financial Highlights

(all amounts in 000’s except per share data)

	Nine Months Ended Sept. 30								Three Months Ended Sept. 30
	2006			2005			%		2006			2005			%
Income Statement Data
Insurance Revenue	$	543,443		$	518,393		4.8	%	$	190,578		$	164,384		15.9	%
Transportation Revenue		38,475			31,554		21.9	%		14,235			8,859		60.7	%
Total Revenue	$	581,918		$	549,947		5.8	%	$	204,813		$	173,243		18.2	%
Net Income	$	49,585		$	45,325				$	17,345		$	3,732
Balance Sheet Data
Cash & Invested Assets	$	1,005,520		$	971,040		3.6	%
Total Assets	$	1,516,910		$	1,530,838		-0.9	%
Total Debt	$	98,482		$	105,477		-6.6	%
Shareholders’ Equity	$	545,677		$	465,189		17.3	%
Common Shares Outstanding		19,147			18,943
Per Share Data
Net Income (Diluted)	$	2.53		$	2.34				$	0.88		$	0.19
Dividends Declared	$	0.18375		$	0.16875		8.9	%	$	0.06125		$	0.05625		8.9	%
Market Value	$	43.32		$	36.03		20.2	%
Book Value	$	28.50		$	24.56		16.0	%
AMIG’s Property and Casualty Operations
Direct and Assumed Written Premiums	$	597,172		$	533,294		12.0	%	$	212,707		$	185,778		14.5	%
Net Written Premium	$	522,079		$	483,419		8.0	%	$	185,828		$	159,602		16.4	%
Combined Ratio Before Catastrophes		88.9	%		87.3	%				92.6	%		88.1	%
Catastrophe Effects on Combined Ratio		5.8	%		7.4	%				2.5	%		18.5	%
Combined Ratio		94.7	%		94.7	%				95.1	%		106.6	%

Overview of Premium Volume

	Nine Months Ended Sept. 30, 2006						Nine Months Ended Sept. 30, 2005
Business Segment	Gross Written Premium		Net Written Premium		Net Earned Premium		Gross Written Premium		Net Written Premium		Net Earned Premium
Residential Property	$	348.9	$	314.3	$	291.4	$	324.6	$	294.6	$	285.1
Recreational Casualty		78.3		77.1		72.1		83.6		81.5		78.1
Financial Institutions		81.8		74.7		74.4		53.7		48.8		57.2
All Other Insurance		121.8		66.3		59.3		99.0		64.9		52.8
Total	$	630.8	$	532.4	$	497.2	$	560.9	$	489.8	$	473.2
	Three Months Ended Sept. 30, 2006						Three Months Ended Sept. 30, 2005
Business Segment	Gross Written Premium		Net Written Premium		Net Earned Premium		Gross Written Premium		Net Written Premium		Net Earned Premium
Residential Property	$	119.4	$	106.3	$	99.4	$	115.0	$	97.4	$	87.7
Recreational Casualty		24.0		23.6		23.7		25.5		24.0		24.5
Financial Institutions		33.6		31.9		30.5		21.0		18.9		18.8
All Other Insurance		50.0		29.5		22.1		34.4		21.8		16.9
Total	$	227.0	$	191.3	$	175.7	$	195.9	$	162.1	$	147.9

Residential Property

(all amounts in 000’s)

	Nine Months Ended Sept. 30						Three Months Ended Sept. 30
	2006		2005		%		2006		2005			%
Direct and Assumed Written Premiums	$	348,926	$	324,603	7.5	%	$	119,432	$	114,953		3.9	%
Net Written Premiums	$	314,236	$	294,633	6.7	%	$	106,265	$	97,391		9.1	%
Net Earned Premium	$	291,375	$	285,112	2.2	%	$	99,374	$	87,745		13.3	%
Service Fees		4,624		4,324	6.9	%		1,535		1,457		5.4	%
Total Revenues	$	295,999	$	289,436	2.3	%	$	100,909	$	89,202		13.1	%
Pre-Tax Income (Loss)	$	28,585	$	28,907			$	15,280	$	(4,005	)

Recreational Casualty

(all amounts in 000’s)

	Nine Months Ended Sept. 30						Three Months Ended Sept. 30
	2006		2005		%		2006			2005			%
Direct and Assumed Written Premiums	$	78,271	$	83,592	-6.4	%	$	23,997		$	25,498		-5.9	%
Net Written Premiums	$	77,115	$	81,523	-5.4	%	$	23,598		$	23,998		-1.7	%
Net Earned Premium	$	72,165	$	78,134	-7.6	%	$	23,824		$	24,522		-2.8	%
Service Fees		1,322		1,816	-27.2	%		439			612		-28.3	%
Total Revenues	$	73,487	$	79,950	-8.1	%	$	24,263		$	25,134		-3.5	%
Pre-Tax Income (Loss)	$	6,682	$	7,736			$	(1,178	)	$	(2,509	)

Financial Institutions

(all amounts in 000’s)

	Nine Months Ended Sept. 30						Three Months Ended Sept. 30
	2006		2005		%		2006		2005		%
Direct and Assumed Written Premiums	$	81,813	$	53,640	52.5	%	$	33,653	$	20,981	60.4	%
Net Written Premiums	$	74,716	$	48,781	53.2	%	$	31,895	$	18,857	69.1	%
Net Earned Premium	$	74,392	$	57,184	30.1	%	$	30,471	$	18,770	62.3	%
Pre-Tax Income (Loss)	$	9,395	$	7,850			$	4,213	$	3,291

All Other Insurance

(all amounts in 000’s)

	Nine Months Ended Sept. 30						Three Months Ended Sept. 30
	2006		2005		%		2006		2005		%
Direct and Assumed Written Premiums	$	121,838	$	99,032	23.0	%	$	50,002	$	34,471	45.1	%
Net Written Premiums	$	66,311	$	64,845	2.3	%	$	29,519	$	21,788	35.5	%
Net Earned Premium	$	59,299	$	52,799	12.3	%	$	22,060	$	16,910	30.5	%
Agency Revenues		3,791		2,706	40.1	%		1,305		1,057	23.5	%
Service Fees		5		63	-92.1	%		2		21	-90.5	%
Total Revenues	$	63,095	$	55,568	13.5	%	$	23,367	$	17,988	29.9	%
Pre-Tax Income (Loss)	$	17,675	$	17,531			$	3,126	$	5,422