November, 2007
ARI THIRD QUARTER 2007 FINANCIAL RESULTS

Lawrenceville, NJ November 5, 2007 – ARI Insurance Companies today reported net income for the third quarter of 2007 of $1,224,000 and an underwriting profit of $492,000. The combined ratio of 100% was slightly higher than the anticipated results for the quarter.

The Companies are very pleased with the results for the third quarter of 2007 and would like to thank all of our agents, staff and other business partners for their contribution to our success.

ARI specializes in commercial automobile insurance and will continue to differentiate itself in this marketplace.

ARI Insurance Companies Periods Ended September 30 (Amounts in thousands)
	Three Months Ended           September 30,		Nine Months Ended           September 30,
	2007	2006	2007	2006
Direct Written Premiums	$8,240	$8,946	$29,217	$29,472
Net Written Premiums	7,169	8,201	25,411	26,413
Premiums Earned	8,697	8,632	25,507	25,290
Underwriting Gain	492	1293	1,267	2,099
Investment Income	767	617	2,228	1,691
Net Income	$1,224	$1,899	$3,541	$3,778
Loss and Loss Expense Ratio	67.6%	53.3%	63.3%	57.8%
Underwriting Ratio	32.4	33.4	31.8	32.4
Combined Ratio	100.0%	86.7%	95.2%	90.3%

Contact at 609-882-7500

Karen S. Fulton President and CEO

David A. Gerth Sr. Vice President & CFO

J. Tucker Ericson Sr. Vice President