Founded in 1938, as an Automobile finance company, today Midland consists of the two primary operating subsidiaries described below:

American Modern Insurance Group, Inc. (American Modern) consists of eight property and casualty companies and two credit life companies. Licensed in all 50 states, American Modern has traditionally specialized in writing physical damage insurance and related coverages on manufactured housing and recently has expanded to other areas of insurance, including Lower Valued Homes, Dwelling Fire, Homeowners, Mortgage Fire, Collateral Protection, Watercraft, Long-Haul Truck, Commercial and Excess and Surplus lines.

M/G Transport Services, Inc. currently charters barges and brokers freight for the movement of commodities on the inland waterways. M/G provides superior service to large industrial clients, transporting dry cargoes such as petroleum coke, barite, sugar, iron ore, grain, steel pipe and other dry bulk commodities. The company serves its customers with a fleet of approximately 200 jumbo hopper barges. The operations are concentrated on the Lower Mississippi River and westbound on the Gulf Intercoastal Waterway.