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	$	1,516,990		$	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		90.1			83.0			74.4			53.7			48.8			57.2
All Other Insurance		113.5			58.0			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		41.9			40.1			30.5			21.0			18.9			18.8
All Other Insurance		41.7			21.3			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	$	90,063		$	53,640			67.9	%	$	41,903		$	20,981			99.7	%
Net Written Premiums	$	82,966		$	48,781			70.1	%	$	40,145		$	18,857			112.9	%
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	$	113,588		$	99,032			14.7	%	$	41,752		$	34,471			21.1	%
Net Written Premiums	$	58,061		$	64,845			-10.5	%	$	21,269		$	21,788			-2.4	%
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