content: 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 Report (Date of earliest event reported:)
                          (November 4, 2004 November 4, 2004)
  
                       American Physicians Service Group, Inc.
               (Exact name of registrant as specified in its charter)
  
  
       Texas                        0-11453                         75-1458323
    (State of               (Commission File Number)              (IRS Employer
  Incorporation)                                               Identification No.)
  
  
  
       1301 Capitol of Texas Highway
                Suite C-300
                Austin, Texas                                      78746
  (Address of principal executive offices)                      (Zip Code)
  
  
  
                                   (512) 328-0888
                (Registrant's telephone number, including area code)
  
  
  
  
  <PAGE>
  
  
  
  Item 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
  
           On November 4, 2004,  American  Physicians Service Group, Inc. issued a
       press release entitled,  "American  Physicians  Service Group, Inc. Reports
       Third Quarter Earnings." The text of the press release,  which is attached
       as Exhibit 99.1, is incorporated by reference in its entirety.
  
  
  
  <PAGE>
  
  
  
                                     SIGNATURES
  
           Pursuant to the requirements 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.
  
  
                                American Physicians Service Group, Inc.
  
  
  
  Date: November 4, 2004        By:  /s/ W.H. Hayes
                                  ----------------------------------------------
  
                                Name:    W.H. Hayes
                                  ----------------------------------------------
  
                                Title:   Sr VP - Finance
                                  ----------------------------------------------
  
  
  
                                        2
  <PAGE>
  
                                   EXHIBIT INDEX
  
  Exhibit
  Number    Description
  ------    -----------
  
  99.1      Press Release issued by American Physicians Service Group, Inc., on
            November 4, 2004.
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "sept8k.txt", "description": "SEPTEMBER 30, 2004 EARNINGS", "secsgml_size_bytes": 2582}]
metadata_filer: {"company-data": {"conformed-name": "AMERICAN PHYSICIANS SERVICE GROUP INC", "cik": "0000724024", "assigned-sic": "8741", "irs-number": "751458323", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31434", "film-number": "041120342"}, "business-address": {"street1": "1301 CAPITAL OF TEXAS HWY", "street2": "C-300", "city": "AUSTIN", "state": "TX", "zip": "78746", "phone": "5123280888"}, "mail-address": {"street1": "1301 CAPITAL OF TEXAS HIGHWAY", "city": "AUTIN", "state": "TX", "zip": "78746"}}
text: 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 Report (Date of earliest event reported:)
                          (November 4, 2004 November 4, 2004)
  
                       American Physicians Service Group, Inc.
               (Exact name of registrant as specified in its charter)
  
       Texas                        0-11453                         75-1458323
    (State of               (Commission File Number)              (IRS Employer
  Incorporation)                                               Identification No.)
  
       1301 Capitol of Texas Highway
                Suite C-300
                Austin, Texas                                      78746
  (Address of principal executive offices)                      (Zip Code)
  
                                   (512) 328-0888
                (Registrant's telephone number, including area code)
  Item 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
  
           On November 4, 2004,  American  Physicians Service Group, Inc. issued a
       press release entitled,  "American  Physicians  Service Group, Inc. Reports
       Third Quarter Earnings." The text of the press release,  which is attached
       as Exhibit 99.1, is incorporated by reference in its entirety.
  SIGNATURES
  
           Pursuant to the requirements 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.
  
                                American Physicians Service Group, Inc.
  
  Date: November 4, 2004        By:  /s/ W.H. Hayes
                                  ----------------------------------------------
  
                                Name:    W.H. Hayes
                                  ----------------------------------------------
  
                                Title:   Sr VP - Finance
                                  ----------------------------------------------
  
                                        2
  EXHIBIT INDEX
  
  Exhibit
  Number    Description
  ------    -----------
  
  99.1      Press Release issued by American Physicians Service Group, Inc., on
            November 4, 2004.