American Physicians Service Group, Inc. Added to Russell 3000 Index

AUSTIN, TX, Jun 29 (MARKET WIRE) --
American Physicians Service Group, Inc. ("APS") (NASDAQ: AMPH) today
announced that it has been added to the Russell 3000 Index. Formed in the
mid 1970s, APS has grown to become the second largest provider of medical
malpractice insurance in Texas and has been expanding into Oklahoma and
Arkansas.

Membership in the Russell 3000, which remains in place for one year, means
automatic inclusion in the large-cap Russell 1000 Index or small-cap
Russell 2000 Index as well as the appropriate growth and value style
indexes. Russell determines membership for its equity indexes primarily by
objective, market-capitalization rankings and style attributes. The
Russell 3000 also serves as the U.S. component to the Russell Global
Index.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. More information on the Russell 3000 and other
Russell Indexes is available at http://www.russell.com.

Mr. Kenneth Shifrin, APS' Chairman of the Board, stated, "This milestone
in our company history is a tribute to the efforts of our dedicated
employees. Their efforts and our doctor-oriented focus have created value
that the market has recognized with year-over-year increases in stock
price every year since 2000. We look forward to continuing progress as a
member of the Russell 3000."

APS is an insurance and financial services firm with subsidiaries and
affiliates which provide medical malpractice insurance for doctors and
other healthcare professionals and brokerage and investment services to
institutions and high net worth individuals. APS is headquartered in
Austin, Texas.

This press release includes forward-looking statements related to APS 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
future results of APS, please see the 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 to APS.

For further information, visit APS' website at www.amph.com or contact:
Mr. Kenneth Shifrin
Chairman of the Board
(or)
Mr. Tim LaFrey
President
(or)
Mr. Marc Zimmermann
Vice President - Finance
American Physicians Service Group, Inc.
1301 S. Capital of Texas Highway, C-300
Austin, Texas 78746
(512) 328-0888

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