SOURCE: American Physicians Service Group, Inc.

July 18, 2005 11:08 ET

American Physicians Service Group, Inc. Announces Increased Dividend

AUSTIN, TX -- (MARKET WIRE) -- July 18, 2005 -- American Physicians Service Group, Inc. ("APS") (NASDAQ: AMPH) today announced that it would pay a dividend of $.25 per common share. The dividend will be payable September 15, 2005, to shareholders of record on September 1, 2005. The Company paid $.20 per share at the same time in 2004.

Mr. Kenneth Shifrin, Chairman of the Board, said, "American Physicians continues to seek to reward shareholders through the creation of long-term value. Managing our balance sheet and emphasizing cash flow has proven a successful formula for accomplishing that and we are once again able to pass on to shareholders some of the value in the form of a dividend. We have also continued to purchase our own stock under the buyback plan we announced last year, to date having spent approximately 70 percent of the two million dollars authorized. Even while returning these two immediate benefits to shareholders we remain in a strong position to take advantage of opportunities that meet our criteria for long-term growth."

APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors; and brokerage and investment services to institutions and high net worth individuals. The Company is headquartered in Austin, Texas, and maintains offices in Dallas and Houston.

This press release includes forward-looking statements related to the Company that involve risks and uncertainties that could cause actual results to differ materially. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect the Company's future results, please see the Company's recent filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations. Copies of the filings are available upon request from the Company's investor relations department.

For further information, visit APS' website at or contact:

Contact Information

  • Mr. Kenneth Shifrin
    Chairman of the Board


    Mr. W. H. Hayes
    Sr. Vice President - Finance
    American Physicians Service Group, Inc.
    1301 Capital of Texas Highway, C-300
    Austin, Texas 78746