Name Under Which Subsidiary
              Does Business                

State of Incorporation
    or Organization    

Percentage
   of Ownership   

First Financial Insurance Agency, Inc.

Arkansas

100.0%

First Financial Credit Corporation

Delaware

100.0%

PreOwned Homes, Inc.

Delaware

100.0%

Mobile Home Conveyors and Liquidators, Inc.

Delaware

100.0%

First Advisory Services, Inc.

Delaware

100.0%

Shelter Resources, Inc.

Delaware

100.0%

Apex Lloyds Insurance Company

Texas

100.0%

Texas Apex, Inc.

Texas

100.0%

Key Group, Ltd.

Texas

52.9%

First Apex, Re

Vermont

52.0%

The following are 100% owned Subsidiaries of Key Group, Ltd.:

First Preference Holdings, Inc.

Texas

First Preference Mortgage Corp.

Texas

First Preference Financial Corp.

Texas

First Financial Information Services, Inc.

Delaware

Security Washington Avenue Corp.

Delaware

The following is a 48% owned Subsidiary of Apex Lloyds Insurance Company:

 First Apex Re

Vermont