EXHIBIT NO. 99.2
23 March 2005
Dear Shareholders (and friends of AssuranceAmerica),
We are able to report another excellent month with continuing year-over-year growth in both the MGA/Carrier and Retail Agency divisions of our Company! Current year financial data includes agency acquisitions that may not be included in prior year data. Following are some highlights from our February financials:
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| | | | | FEBRUARY 2005 | | |
| | | | | (Unaudited) | | |
| | | | | Current Month | | | | Year-to-date | | |
| | | | | 2005 | | | | 2004 | | | | Change | | | | 2005 | | | | 2004 | | | | Change | | |
| | | | | (in $1,000) | | | | % | | | | (in $1,000) | | | | % | | |
| | MGA/Carrier Gross Premiums Written | | | $ | 4,278 | | | | $ | 3,464 | | | | | 24 | % | | | $ | 7,893 | | | | $ | 6,107 | | | | | 29 | % | |
| | Retail Agency Division — Gross Premiums Written | | | | 6,327 | | | | | 4,873 | | | | | 29 | % | | | | 12,169 | | | | | 9,345 | | | | | 30 | % | |
| | Retail Agency Division — Revenues | | | | 838 | | | | | 659 | | | | | 27 | % | | | | 1,527 | | | | | 1,307 | | | | | 17 | % | |
| | Company Revenues | | | | 2,739 | | | | | 2,121 | | | | | 29 | % | | | | 5,161 | | | | | 4,032 | | | | | 28 | % | |
| | Company Pre-Tax Income | | | | 302 | | | | | 116 | | | | | 160 | % | | | | 491 | | | | | 154 | | | | | 221 | % | |
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On the management side, we are pleased to announce that effective March 21, 2005, Ms. Renée Pinczes joined AssuranceAmerica Corporation as its CFO and Senior Vice President. Renée comes to us with an extensive background in property and casualty insurance (Corporate Finance Officer for Consolidated International Insurance Group, and Vice President, CFO and COO with the Jamison Insurance Group), as well as operating and strategic planning experience through her seven years with PRG-Schultz. We expect that with her knowledge and background Renée will play a major role in our future as we plan the growth and direction of AssuranceAmerica Corporation.
To follow your stock and to stay up to date on our press releases, go to www.finance.yahoo.com, symbol ASAM.OB). Thank you for your continued interest and confidence in AssuranceAmerica Corporation.
Sincerely,
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| Guy W. Millner | | Lawrence (Bud) Stumbaugh |
| Chairman | | President and Chief Executive Officer |
This document is for informational purposes only and is not intended for general
distribution. It does not constitute an offer to sell, or a solicitation of an offer to buy
securities in AssuranceAmerica Corporation. This document includes statements that may constitute
“forward-looking” statements. These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve
risks and uncertainties that could cause actual results to differ materially from the
forward-looking statements.
5500 Interstate North Parkway — RiverEdge One — Suite 600 — Atlanta, Georgia 30328
770.933.8911 – fax 770.984.0173 — www.assuranceamerica.com
