THE MIDLAND COMPANY AND SUBSIDIARIES 	Exhibit (21) - Subsidiaries of the Registrant 		 December 31, 2000 	The subsidiaries of the Registrant as of December 31, 2000, all of which are included in the consolidated financial statements, are as follows: 								 Percentage 						 State of of Voting 						 Incorporation Stock Owned 						 ------------- ----------- M/G Transport Services, Inc. Ohio 100 Midland - Guardian Co. Ohio 100 MGT Services, Inc. Ohio 100 SUBSIDIARIES OF MIDLAND - GUARDIAN CO.: American Modern Insurance Group, Inc. Ohio 100 Marbury Agency, Inc. Ohio 100 SUBSIDIARIES OF AMERICAN MODERN INSURANCE GROUP, INC.: American Modern Home Insurance Company Ohio 100 American Family Home Insurance Company Florida 100 American Modern Life Insurance Company Ohio 100 Lloyds Modern Corporation Texas 100 American Modern Home Service Company Ohio 100 Modern Services Group, Inc. Ohio 100 SUBSIDIARIES OF AMERICAN MODERN HOME INSURANCE CO.: American Modern Lloyds Insurance Company Texas 100 American Southern Home Insurance Company Florida 100 American Western Home Insurance Company Oklahoma 100 G.U.I.C. Insurance Company Ohio 100 SUBSIDIARY OF AMERICAN WESTERN HOME INSURANCE CO.: Modern Life Insurance Company of Arizona, Inc. Arizona 100 SUBSIDIARY OF MODERN SERVICES GROUP, INC.: Sunbelt General Agency, Inc. Alabama 100 The Atlas Insurance Agency, Inc. Ohio 100 Midwest Enterprises, Inc. Florida 100 Manufactured Homes Acceptance Corporation Ohio 100 MHAC Insurance Agency, Inc. Ohio 100 Service Sentry Warranty Corporation Ohio 100 North American Insurance Agency Corporation Michigan 100 AMH Insurance Agency of Georgia, Inc. Georgia 100 	The name of three wholly - owned subsidiaries of The Midland Company are not shown above as such individual listing is not required.