Alfa Corporation is a financial services holding company that operates predominantly in the insurance industry through its wholly owned subsidiaries Alfa Life Insurance Corporation, Alfa Insurance Corporation, Alfa General Insurance Corporation, Alfa Agency Mississippi, Inc. and Alfa Agency Georgia, Inc. The Companys insurance subsidiaries write life insurance in Alabama, Georgia and Mississippi, and property and casualty insurance in Georgia and Mississippi. The Company has also owned non-insurance subsidiaries that are engaged in consumer financing, commercial leasing, residential and commercial construction and real estate sales. In February 2004, the Company sold Alfa Builders, Inc. and Alfa Realty, Inc., its wholly owned building and realty subsidiaries, to Southern Boulevard Corporation, a wholly owned subsidiary of Alfa Mutual Insurance Company.