EXHIBIT 21. SUBSIDIARIES OF THE REGISTRANT Jurisdiction Subsidiary of Organization % of Ownership by the Company, or One of Its Subsidiaries - - - - - - ---------- --------------- --------------------------------------------------------- United Life Insurance Company Iowa 100% owned by the Company Lafayette Insurance Company Louisiana 100% owned by the Company Insurance Brokers & Managers, Inc. Louisiana 100% owned by Lafayette Insurance Company Addison Insurance Company Illinois 100% owned by the Company UFC Premium Finance Company Illinois 100% owned by Addison Insurance Company Addison Insurance Agency Illinois 100% owned by Addison Insurance Company United Credit Corporation Iowa 100% owned by the Company American Indemnity Financial Corporation Delaware 100% owned by the Company American Indemnity Company Texas 99.9%owned by American Indemnity Financial Corporation American Fire and Indemnity Company Texas 100% owned by American Indemnity Company Texas General Indemnity Company Colorado 100% owned by American Indemnity Company American Indemnity Lloyds Texas Financially and operationally controlled by the Company American Computing Company Texas 100% owned by American Indemnity Company