Meadowbrook Insurance (MIG) 8-K Regulation FD Disclosure

Exhibit 99.1

Investor Presentation

Second Quarter Update - 2011

2

Forward-Looking Statements

Certain statements made by Meadowbrook Insurance Group, Inc. in this
presentation may constitute forward-looking statements including, but not limited
to, those statements that include the words "believes," "expects," "anticipates,"
"estimates," or similar expressions. Please refer to the Company's most recent
10-K, 10-Q, and other Securities and Exchange Commission filings for more
information on risk factors. Actual results could differ materially. These forward-
looking statements involve risks and uncertainties including, but not limited to the
following: the frequency and severity of claims; uncertainties inherent in reserve
estimates; catastrophic events; a change in the demand for, pricing of,
availability or collectability of reinsurance; increased rate pressure on premiums;
obtainment of certain rate increases in current market conditions; investment
rate of return; changes in and adherence to insurance regulation; actions taken
by regulators, rating agencies or lenders; obtainment of certain processing
efficiencies; changing rates of inflation; and general economic conditions.
Meadowbrook is not under any obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.

3

The Meadowbrook Approach - Predictability

We strive to deliver consistent results with a balanced business model

We are a specialty niche focused commercial insurance underwriter and
insurance administration services company

Our objective is to generate predictable results across the market cycle,
with a target return on average equity of 10% - 17%

To achieve these results we seek to leverage the unique characteristics of
our balanced business model to generate:

–Consistent, profitable underwriting results

–Predictable investment income in a low-risk, high-quality, fixed income portfolio

–Profitable growth both organically and through acquisitions

–Strong cash flow from our insurance company subsidiaries and non-regulated fee-based
services to leverage invested assets to equity and manage debt service

–Steady fee and commission income

4

Meadowbrook Vitals

Current market cap (at 8/4/11):$482.7 million

Outstanding shares (at 6/30/11):52.9 million

Weighted average shares (at 6/30/11):53.3 million

Book value (at 6/30/2011):$573.0 million

Book value per share:$10.84

–Excluding unrealized gain / loss, net of deferred taxes:$9.99

–Tangible book value per share (excluding goodwill and intangibles):$7.94

Debt to equity:19.6%; 5.5% excluding debentures

Debt to total capital:16.37%; 4.6% excluding debentures

Current price / book:.84 (at $9.06 share market price - as of 8/4/11)

Dividend yield (at8/4/11):1.77%

Statutory premium leverage (TTM 6/30/11)ActualTargeted Maximum

–GWP to Statutory surplus2.3 to 12.75 to 1

–NWP to Statutory surplus2.0 to 12.25 to 1

Insider ownership (at 6/30/11):6.9%

5

Diverse Revenue
Sources

Earned premium from insurance operations

Fee revenue from risk management services

Flexibility to utilize multiple distribution channels

Positioned to Manage
Insurance Cycles

Conservative
Investment
Philosophy

Ability to Attract and
Retain Talented
Professionals

Our model allows us to deliver more predictable results

Product, program and geographic diversification

Admitted market capabilities contribute to stability and higher renewal retention

Non-admitted capabilities enable opportunistic response in volatile pricing environment

High-quality fixed income approach to our $1.3 billion portfolio

Investment approach reinforces our focus on underwriting profitability

Insurance subsidiaries rated A- (Excellent) by A.M. Best

Insurance subsidiary surpluslevelscan support meaningfulpremium growth

Insurance subsidiaries have additional borrowing capacity through FHLB membership

Generate cash flows from both regulated and non-regulated sources, which provides
flexibility

Manageable debt levels, with access to $35 million line of credit
(no outstanding balance)

Strong Capital and
Liquidity Position

Team of talented insurance professionals with a wide range of expertise across all
functions and lines of business

Regional structure enables associates to deliver strong and responsive local service
to clients

What Makes Us Different:We are Flexible and are Able to Adapt to Changing Market Conditions

6

Our Approach Has Delivered Results Over Time

Total Revenue ($M)

Net Operating Income ($M)

Shareholders’ Equity ($M)

Net Operating Income per Share

CAGR (2006 to 2010) = 24%

CAGR (2006 to 2010) = 28%

CAGR (2006 to 2010) = 28%

CAGR (2006 to 2010) = 10%

7

Capability Building Through Successful Acquisitions

Retail Agency Only

1955: Founded as a retail insurance agency

Core Capability Build Out

1985: Star Insurance Company

1990: Savers Property & Casualty Insurance Company

1994: American Indemnity Insurance Company

1996: Association Self Insurance Services

1997: Williamsburg National Insurance Company

Crest Financial Services

1998: Ameritrust Insurance Corporation

Florida Preferred Administrators, Inc.

1999: TPA Insurance Agency

Continued Synergistic Expansion

2007: USSU

2008: Procentury

Continued Synergistic Expansion

Strategic Staging of Acquisitions

Meadowbrook actively reviews acquisition
prospects on a strategic basis and enters into
transactions that will increase long-term
shareholder value

We consider a range of strategic factors when
looking at acquisitions including:

–Opportunity to leverage our diverse
revenue platform, by expanding current
distribution, servicing capabilities, and
complementary product lines and
classes

–Ability to attract talented insurance
professionals that are a good fit with
Meadowbrook culture

–Opportunity to create “win-win” situation
by mitigation our downside risk and
providing seller with opportunity to obtain
fair value through deal structure

Diverse Revenue Sources

Insurance Operations

Commission & Fee Revenue

Our most prominent source of revenue and income comes from our insurance operation;
commission revenue and fee-for-service revenue generate unregulated free cash flow

Admitted and non-admitted products and
programs

Risk sharing vehicles

Relatively small but provides a valuable
source of unregulated cash flow

Agency commission from non-affiliated
carriers

Managed program revenue

Municipality and association clients

2010 Net Earned Premium:$659.8 M

2010 Pre-Tax Net Earned Premium Profit :$33.2M

2010 Net Investment Income:$54.2M

2010 Net Commission & Fee Revenue:$34.2 M

2010 Pre-Tax Commission & Fee Income: $11.7M

9

Insurance Operations

Diversified Commercial Positions Built to Manage Across Cycles

Main Street Excess
and Surplus Lines

Admitted Programs

Non-Admitted
Programs

Specialty Markets

Homogeneous specialized programs

Heterogeneous geographic centers

Product focused

Promotes specialty agents

Broad classes of “Main Street”
commercial risks

Promotes General Agent
distribution

Specialized programs ignored or
underserved by the standard market

Promotes wholesalers with specialty
underwriting authority

Solutions designed for very specific
products and market segments

2010 GWP: $532 M

2010 GWP: $147 M

2010 GWP: $47 M

2010 GWP: $76 M

Food service industry

Educators

Auto re-possessors

Health and fitness centers

Description

Examples

Garage dealers

Apartments, hotels and motels

Contractors liability

Restaurants, bars and taverns

Oil and gas contractors

Forced placed property

Small business

Pet-sitters

Irrigation

Excess workers’ comp

Environmental

Marine

10

National Scope with Regional Perspective

Balance of effective local touch, with efficient national coordination

Top 10 production states (TTM 6/30/2011)

Talented associates are located throughout the country to serve the needs of
regional clients

Bermuda

11

Diverse Mix of Business

TTM June 30, 2011 Gross Written Premium Business Mix

We have built our business to
create product diversification as
indicated by the mix of business

This platform enables us to
grow our business
opportunistically with a focus on
underwriting discipline and
pricing adequacy

Our wide range of product
expertise positions us well to
support future growth

Our new business is primarily
rollover books of business with
a proven track record of
profitability

12

Meadowbrook Workers’ Compensation Profile

We have strategically grown our workers’ compensation business. Overall, we believe 
we have achieved controlled profitable growth.

Workers’ Compensation Profile

History of Proven
Profitable
Performance

Expense Ratio Analysis

14

YTD June 30, 2010 and 2011 GAAP Expense Ratio Comparison

Net earned premium$314.2M$352.1M

Policy acquisition $109.2M$119.9M
and other u/w expenses

Expense ratio34.8%34.0%

15

Focus on Generating Consistent
Investment Income

Robust top line growth has led to a larger investment base and a meaningful increase in NII

Pre-tax book yield was
4.2% at 6/30/2011 vs.
4.5% at 12/31/2007

The duration of our
portfolio increased to 5.0
years at 6/30/2011 from
4.4 years at 12/31/2007

The duration of our $1.3
billion portfolio is 5 years

The duration on net
reserves of $829 million is
approximately 3.5 years

Net investment income
YTD 6/30/11 increased by
3.2% compared to YTD
6/30/10

Pre-tax Net Investment Income ($ in M) and Average
Investment Yield

*4.4

*4.8

*5.1

*5.0

*5.0

*Effective Duration

16

We Maintain a High Quality, Low Risk Investment Portfolio

We maintain a conservative investment portfolio

Portfolio Allocation and Quality

Low equity risk exposure

–98% fixed income and
cash

–2% equity

High credit quality

–99% of bonds are
investment grade

–Average S&P rating of
AA / Moody’s of Aa3

Interest Rate Risk Protection

–Hold to Maturity

–High Credit Quality =
Low Historical
Impairments

–Access to additional
capital if needed

NOTE: Data above as of June 30, 2011

$’s in (000’s)	% Allocation 6/30/2011	Fair Value	Gross Unrealized Gain Position	Avg. Moody's	Avg. S&P
Fixed Income
US Government and Agencies	2%	$24,696	$1,373	Aaa	AAA
Corporate	34%	$456,077	$23,993	A2	A
Mortgage and Asset Backed	18%	$243,220	$13,725	Aaa	AAA
Municipal	43%	$571,583	$29,643	Aa2	AA+
Preferred Stock Debt	0%	$2,416	$492	Ba2	BB
Total Fixed Income	98%	$1,297,993	$69,226
Equities
Preferred Stock	1%	$13,881	$2,509
Mutual Funds	1%	$15,783	$1,020
Total Equities	2%	$29,664	$3,529

17

Capital Management

Our goal is to be efficient managers of capital; we initiated a dividend during 2008 and since this time we
have returned $62.5M to shareholders through dividends and share repurchases

$ in millions

$8.1

18

Highlights ($ in M, except per share amounts)

As compared to 2010 gross written premium is up 10.2%, our net operating income ex
unusual storm losses and development has increased meaningfully.

	YTD 6/30		Per Share
	2010	2011	2010	2011
Gross Written Premium	$397.0	$437.6
Reported Net Operating Income (NOI*)	$29.4	$23.0	$0.54	$0.43
Unusual Storm Losses (Net of Tax)	$1.3	$3.6	$0.02	$0.07
PY Development (Net of Tax)	$(10.7)	$(1.5)	$(0.19)	$(0.03)
NOI Ex Unusual Storm Losses and Development	$20.0	$25.1	$0.37	$0.47
Reported GAAP Combined Ratio	94.2%	98.4%
Accident Year Combined Ratio Ex Unusual Storm Losses	98.9%	97.4%

* Net operating income is a non-GAAP measure the Company defines as net income excluding
after-tax realized gains and losses.

19

Full Year 2011 Guidance and Long Term Value Creation

Looking ahead, we believe our balanced business model positions us well to continue
to deliver predictable earnings

Gross Written Premium

Range of $830M - $850M

GAAP Combined Ratio

Range of 96.0% - 97.0%

Net income from operations

$53.0M - $58.5M

Net operating income per share

$1.00 - $1.10

2011 Original Guidance

Leverage multiple revenue
sources and diverse insurance
offering to maximize
opportunities across market
cycles

Increase underwriting leverage
through selective growth
opportunities, while sustaining
appropriate diversification

Increase investment leverage
through cash from operations

Leverage fixed costs over a
larger revenue base

Increase fee-for service
income through new
opportunities and margin
expansion

Driving Long-term
Enterprise Value

2011 Original Guidance
Adjusted for Q2*
Unusual Storm Losses

Gross Written Premium

Range of $830M - $850M

GAAP Combined Ratio

97.0% - 98.0%

Net income from operations

$48.9M - $54.4M

Net operating income per share

$0.92 - $1.02

* The Q2 unusual storm losses were
$4.1M net of tax or$.08/diluted
share.