Exhibit 99.3

The Midland Company

Supplemental Financial Information by Segment

Financial Highlights

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

	Three Months Ended Mar. 31
	2007			2006			%
Income Statement Data
Insurance Revenue	$	197,207		$	175,151		12.6	%
Transportation Revenue		12,791			11,781		8.6	%
Total Revenue	$	209,998		$	186,932		12.3	%
Net Income	$	23,761		$	22,435
Balance Sheet Data
Cash & Invested Assets	$	1,037,339		$	944,076		9.9	%
Total Assets	$	1,572,537		$	1,408,591		11.6	%
Total Debt	$	98,742		$	99,422		-0.7	%
Shareholders’ Equity	$	597,145		$	506,742		17.8	%
Common Shares Outstanding		19,306			19,040
Per Share Data
Net Income (Diluted)	$	1.20		$	1.15
Dividends Declared	$	0.10000		$	0.06125		63.3	%
Market Value	$	42.42		$	34.98		21.3	%
Book Value	$	30.93		$	26.61		16.2	%
AMIG’s Property and Casualty Operations
Direct and Assumed Written Premiums	$	205,381		$	175,108		17.3	%
Net Written Premium	$	176,250		$	152,544		15.5	%
Combined Ratio Before Catastrophes		89.4	%		85.9	%
Catastrophe Effects on Combined Ratio		1.9	%		2.9	%
Combined Ratio		91.3	%		88.8	%

Overview of Premium Volume

	Three Months Ended Mar. 31, 2007
Business Segment	Gross Written Premium		Net Written Premium		Net Earned Premium
Residential Property	$	110.5	$	95.1	$	94.8
Recreational Casualty		21.6		21.2		22.9
Financial Institutions		48.8		45.5		40.9
All Other Insurance		38.3		19.7		21.3
Total	$	219.2	$	181.5	$	179.9

Residential Property

(all amounts in 000’s)

	Three Months Ended Mar. 31
	2007		2006		%
Direct and Assumed Written Premiums	$	110,534	$	105,068	5.2	%
Net Written Premiums	$	95,101	$	96,023	-1.0	%
Net Earned Premium	$	94,783	$	94,747	0.0	%
Service Fees		1,511		1,553	-2.7	%
Total Revenues	$	96,294	$	96,300	0.0	%
Pre-Tax Income (Loss)	$	13,112	$	14,433

Recreational Casualty

(all amounts in 000’s)

	Three Months Ended Mar. 31
	2007		2006		%
Direct and Assumed Written Premiums	$	21,565	$	21,105	2.2	%
Net Written Premiums	$	21,154	$	20,719	2.1	%
Net Earned Premium	$	22,899	$	24,236	-5.5	%
Service Fees		441		444	-0.7	%
Total Revenues	$	23,340	$	24,680	-5.4	%
Pre-Tax Income (Loss)	$	4,142	$	6,468

Financial Institutions

(all amounts in 000’s)

	Three Months Ended Mar. 31
	2007		2006		%
Direct and Assumed Written Premiums	$	48,821	$	23,970	103.7	%
Net Written Premiums	$	45,550	$	21,108	115.8	%
Net Earned Premium	$	40,968	$	21,983	86.4	%
Pre-Tax Income (Loss)	$	5,050	$	1,181

All Other Insurance

(all amounts in 000’s)

	Three Months Ended Mar. 31
	2007		2006		%
Direct and Assumed Written Premiums	$	38,286	$	34,286	11.7	%
Net Written Premiums	$	19,706	$	16,842	17.0	%
Net Earned Premium	$	21,296	$	18,263	16.6	%
Agency Revenues		1,663		1,176	41.4	%
Service Fees		—		2	-100.0	%
Total Revenues	$	22,959	$	19,441	18.1	%
Pre-Tax Income (Loss)	$	7,158	$	6,984