Exhibit Index




Exhibit No.              Description of Exhibits             Page
- -----------              -----------------------             ----

99.1  --        Press Release issued April 10, 1996           5
















                                   4                      



                            EXHIBIT 99.1
                            ------------



NEWS RELEASE                   For further information contact:
For Immediate Release          John W. Hancock
- ---------------------
                               Senior Vice President and Treasurer
                               Atlantic American Corporation
                               (404) 266-5500



          ATLANTIC AMERICAN CORPORATION COMPLETES ITS SALE
                      OF LEATH FURNITURE, INC.



ATLANTA,  April 10, 1996 -- Atlantic American  Corporation  (NASDAQ-AAME)  today
announced  that as of April 8, 1996, it had completed the sale of its previously
announced  disposition of Leath Furniture,  Inc. to Gulf Capital Services,  Ltd.
The Company received $5.3 million for its interest in Leath.  Atlantic  American
plans to use the  proceeds  from this sale to  reduce  debt.  As a result of the
transaction,  Leath's  outstanding debt and results of operations will no longer
be reflected in Atlantic American's financial statements.

Gulf Capital is an entity that is controlled by J. Mack  Robinson,  the Chairman
of the Board of  Atlantic  American,  but is not part of the  Atlantic  American
group of companies.

Atlantic  American is an insurance holding company involved in specialty markets
of  the  life,  health,   property  and  casualty  insurance   industries.   Its
subsidiaries include Atlantic American Life Insurance Company,  Bankers Fidelity
Life Insurance  Company,  Georgia Casualty & Surety Company,  American  Southern
Insurance Company and American Safety Insurance Company.