EXHIBIT (21)
THE MIDLAND COMPANY
AND SUBSIDIARIES
EXHIBIT (21) - SUBSIDIARIES OF THE REGISTRANT
DECEMBER 31, 1996
The subsidiaries of the Registrant as of December 31, 1996, 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
CS Crable Sportswear, 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 Co. Ohio 100
American Family Home Insurance Co. Florida 100
Atlas Insurance Agency, Inc. Ohio 100
American Modern Life Insurance Company Ohio 100
Midwest Enterprises, Inc. Florida 100
Lloyds Modern Corporation Texas 100
American Modern Home Service Company Ohio 100
SUBSIDIARIES OF AMERICAN MODERN HOME INSURANCE CO.
American Modern Lloyds Insurance Co. Texas 100
American Southern Home Insurance Co. Florida 100
American Western Home Insurance Co. Oklahoma 100
Guardian Underwriters Insurance Company, Inc. Pennsylvania 100
SUBSIDIARY OF AMERICAN WESTERN HOME INSURANCE CO.
American Modern Life Insurance Company of
Arizona, Inc. Arizona 100
SUBSIDIARY OF MIDWEST ENTERPRISES, INC.
Sunbelt General Agency, Inc. Alabama 100
The names of five wholly-owned subsidiaries of The Midland Company are not
shown above as such individual listing is not required.
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