EXHIBIT 99.3
(ASSURANCEAMERICA CORPORATION LOGO)
July 28, 2006
Dear Shareholders (friends) of AssuranceAmerica,
We continue to be pleased with our overall revenue and pre-tax profit growth.
Credit Suisse in a recent research article about one of our very large
competitors expressed the opinion that higher gas prices may lead to fewer
automobile trips, thus benefiting the insurance industry. In fact they said that
auto accidents declined about 6% in the first quarter of 2006 from the level it
was in the first quarter of 2005.
Following are our June and year-to-date results.
JUNE 2006 (UNAUDITED)
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CURRENT MONTH YEAR-TO-DATE
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2006 2005 CHANGE 2006 2005 CHANGE
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(IN $1,000) % (IN $1,000) %
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o Gross Premiums Produced (1)(+) $ 11,727 $ 8,530 37% $ 81,981 $ 53,076 54%
o MGA/Carrier Gross Premiums Produced (1),(2) $ 6,088 $ 4,703 29% $ 43,418 $ 22,623 92%
o MGA/Carrier Revenues (2) 3,578 2,271 58% 23,090 11,625 99%
o Retail Agencies Gross
Premium Produced (1),(2)(+) 6,889 4,743 45% 47,230 31,905 48%
o Retail Agencies Group Revenues (2)(+) 941 718 31% 6,800 4,660 46%
o Company Revenues (+) 4,293 2,759 56% 28,364 15,951 79%
o Company Pre-Tax Income (+) 79 60 32% 1,711 1,069 60%
(1) Gross Premiums Produced is a non-GAAP financial metric used as the primary
measure of the underlying growth of the Company's revenue stream.
(2) Before inter-company eliminations
(+) Current year financial data includes agency acquisitions that may not be
included in prior year data.
To follow your stock and read the full text of our most recent 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,
/s/ Guy W. Millner /s/ Lawrence Stumbaugh
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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. Historical
results are not indicative of future performance.
5500 Interstate North Parkway - RiverEdge One - Suite 600 - Atlanta, Georgia 30328
770.933.8911 - fax 770.984.0173 - www.assuranceamerica.com