SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934






         Date of Report (Date of earliest event reported) March 3, 2003







                            PENN-AMERICA GROUP, INC.
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            (Exact name of registration as specified in this charter)







         Pennsylvania                   0-22316                23-2731409
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(State or other jurisdiction of      (Commission File       (I.R.S. Employer
incorporation or organization)          Number)             Identification No.)



420 S. York Road, Hatboro, Pennsylvania                    19040
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(Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code:   (215) 443-3600
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Items 1-8.  None

Item 9.  Regulation FD Disclosure

The  Company,   through  its  wholly  owned  insurance   company   subsidiaries,
Penn-America Insurance Company and Penn-Star Insurance Company, has filed Annual
Statements  for  Penn-America  and Penn Star with the Department of Insurance of
Pennsylvania,  their state of domicile, departments of insurance in other states
where the Company does business,  and with the National Association of Insurance
Commissioners (the "NAIC").

The Company wishes to inform all interested  parties that the Annual  Statements
are available from:

Pennsylvania Department of Insurance
1345 Strawberry Square
Harrisburg, PA  17120
Attn:  Kaushik Patel
(717) 787-5890

Penn-America Group, Inc.
420 S. York Road
Hatboro, PA  19040
Attn:  Stacey Manzo
(215) 443-3600

or from the Company's website:  www.penn-america.com

The information  provided is being  furnished  solely for purposes of satisfying
Regulation  FD and is not to be deemed an  admission of  materiality,  nor is it
being filed for purposes of Section 18 of the Exchange Act.






                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

                                            PENN-AMERICA GROUP, INC.



Date:  March 3, 2003
                                            BY: /s/ Garland P. Pezzuolo
                                                Garland P. Pezzuolo
                                                (Secretary and General Counsel)