The Midland Company Announces Inclusion in the NASDAQ Financial-100 Index.

CINCINNATI, Dec. 11 /PRNewswire-FirstCall/ -- The Midland Company , a highly focused provider of specialty insurance products and services, today announced that effective November 30, 2006, it was added to the NASDAQ Financial-100 Index (IXFIN). The NASDAQ Financial-100 Index includes 100 of the largest domestic and international financial securities listed on the NASDAQ Stock Market based on market capitalization. Midland is also included in the Mergent Dividend Achievers Index (DAA) as well as the Russell 2000 (RUT) and Russell 3000 (RUA) indices.

John W. Hayden, president and chief executive officer, noted, "We are pleased to have been added to the NASDAQ Financial-100 Index. We have worked hard to establish a track record of consistent market value growth and are proud to now be recognized as one of the 100 largest financial securities listed on the NASDAQ exchange. This accomplishment is indicative of our continued success as a premier specialty insurance company and clearly demonstrates the fundamental value we have created for our shareholders."

About the Company

Midland, which is headquartered in Cincinnati, Ohio, is a provider of specialty insurance products and services through its wholly owned subsidiary, American Modern Insurance Group, which accounts for approximately 95 percent of Midland's consolidated revenue. American Modern specializes in writing physical damage insurance and related coverages on manufactured housing and has expanded to other specialty insurance products including coverage for site-built homes, motorcycles, watercraft, snowmobiles, recreational vehicles, physical damage on long-haul trucks, extended service contracts, excess and surplus lines coverages, credit life and related products as well as collateral protection and mortgage fire products sold to financial institutions and their customers. Midland also owns a niche transportation business, M/G Transport Group, which operates a fleet of dry cargo barges for the movement of dry bulk commodities on the inland waterways. Midland's common stock is traded on the NASDAQ Global Select Market under the symbol MLAN. Additional information on the company can be found on the Internet at http://www.midlandcompany.com/.

CONTACT: W. Todd Gray, Executive Vice President and CFO of The Midland Company, +1-513-943-7100

Web site: http://www.midlandcompany.com/