EXHIBIT 99.4
[ASSURANCEAMERICA CORPORATION LOGO]
16 August 2005
Dear Shareholders (and friends of AssuranceAmerica),
This June Report was held up until we released our 2nd Quarter and six months
results. We trust you will find these results encouraging, as we do. Earnings
for our first six months were up 193%, with revenue up 33%. Company pre-tax
income reached $1.1+ million, a result of entering additional states along with
improved loss ratios from 79% to 66% year to date, plus growth in retail agency
profits as a result of acquiring 2 profitable retail units in Atlanta. Our plan
is to enter additional states before year-end.
JUNE 2005
(UNAUDITED)
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CURRENT MONTH YEAR-TO-DATE
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2005 2004 CHANGE 2005 2004 CHANGE
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(IN $1,000) % (IN $1,000) %
o MGA /Carrier Gross Premiums Written $4,703 $2,586 82% $22,623 $16,337 38%
o Retail Agencies Gross Premium Produced 4,743 3,680 29% 31,905 25,174 27%
o Retail Agencies Group Revenues* 718 505 42% 4,660 3,455 35%
o Company Revenues 2,942 1,983 48% 16,182 11,991 35%
o Company Pre-Tax Income 59 (110) 154% 1,069 87 1117%
* before inter-company eliminations
To follow your stock and read the full text of our press releases, we suggest
you go to http://finance.yahoo.com, symbol ASAM.OB.
Thank you for your continued interest and confidence in AssuranceAmerica
Corporation.
Sincerely,
- ------------------------------ -------------------------------
Guy W. Millner Lawrence (Bud) Stumbaugh
Chairman President and Chief Executive Officer
THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED
FOR GENERAL DISTRIBUTION. IT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A
SOLICITATION OF AN OFFER TO BUY SECURITIES IN ASSURANCEAMERICA CORPORATION. THIS
DOCUMENT INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD-LOOKING" STATEMENTS.
THESE STATEMENTS ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS INHERENTLY
INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THE FORWARD-LOOKING STATEMENTS.
5500 Interstate North Parkway - RiverEdge One - Suite
600 - Atlanta, Georgia 30328 770.933.8911 - fax
770.984.0173 - www.assuranceamerica.com