<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>4
<FILENAME>g68069ex21-1.txt
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>

<PAGE>   1
Subsidiaries of the Registrant                                      Exhibit 21.1




<TABLE>
<CAPTION>
Subsidiary                                  State of Incorporation
------------------------------------------------------------------
<S>                                         <C>
American Safety Insurance Company                    Georgia
American Southern Insurance Company                  Kansas
Association Casualty Insurance Company               Texas
Association Risk Management General Agency           Texas
Bankers Fidelity Life Insurance Company              Georgia
Georgia Casualty & Surety Company                    Georgia
Self-Insurance Administrators, Inc.                  Georgia
</TABLE>
</TEXT>
</DOCUMENT>
