Profile
Sector:
Financial ServicesIndustry:
Insurance - LifeCountry:
United StatesIPO:
17 March 1980Website:
http://www.atlam.comNext earnings report:
01 April 2025Last dividends:
11 April 2024Next dividends:
N/APrice
regular market | Fri, 22 Nov 2024 21:00:00 GMTAnalysts recommendations
Institutional Ownership
AAME Latest News
ATLANTA, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq- AAME) today reported net loss of $2.0 million, or $(0.10) per diluted share, for the three month period ended September 30, 2024, compared to net income of $1.8 million, or $0.08 per diluted share, for the three month period ended September 30, 2023. The Company had net loss of $4.7 million, or $(0.24) per diluted share, for the nine month period ended September 30, 2024, compared to net income of $2.1 million, or $0.09 per diluted share, for the nine month period ended September 30, 2023. The increase in net loss for the three month and nine month periods ended September 30, 2024 was primarily the result of unfavorable loss experience in the Company's life and health operations due to an increase in incurred losses in the group life and Medicare supplement lines of business, as well as unfavorable loss experience in the Company's property and casualty operations due to the frequency and severity of claims in the automobile liability line of business, compared to the prior year periods.
ATLANTA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq- AAME) today reported net loss of $0.7 million, or $(0.04) per diluted share, for the three month period ended June 30, 2024, compared to net income of $1.7 million, or $0.08 per diluted share, for the three month period ended June 30, 2023. The Company had net loss of $2.7 million, or $(0.14) per diluted share, for the six month period ended June 30, 2024, compared to net income of $0.3 million, or $0.00 per diluted share, for the six month period ended June 30, 2023. The increase in net loss for the three month and six month periods ended June 30, 2024 was primarily the result of unfavorable loss experience in the Company's life and health operations, as well as in the Company's property and casualty operations, compared to the prior year periods.
What type of business is Atlantic American?
Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products. It also provides surety bond coverage for subdivision construction; school bus contracts; and performance and payment bonds. In addition, the company offers individual and group whole life insurance products; Medicare supplement insurance products; and other accident and health insurance products comprising various individual and group policies for the payment of standard benefits for the treatment of diagnosed cancer and other critical illnesses, as well as various other products, such as short-term nursing facility care, accident only, hospital indemnity, and disability coverages. It markets its products through independent agents and brokers. The company was founded in 1937 and is based in Atlanta, Georgia. Atlantic American Corporation is a subsidiary of Atlantic American / Delta Group.
What sector is Atlantic American in?
Atlantic American is in the Financial Services sector
What industry is Atlantic American in?
Atlantic American is in the Insurance - Life industry
What country is Atlantic American from?
Atlantic American is headquartered in United States
When did Atlantic American go public?
Atlantic American initial public offering (IPO) was on 17 March 1980
What is Atlantic American website?
https://www.atlam.com
Is Atlantic American in the S&P 500?
No, Atlantic American is not included in the S&P 500 index
Is Atlantic American in the NASDAQ 100?
No, Atlantic American is not included in the NASDAQ 100 index
Is Atlantic American in the Dow Jones?
No, Atlantic American is not included in the Dow Jones index
When was Atlantic American the previous earnings report?
No data
When does Atlantic American earnings report?
The next expected earnings date for Atlantic American is 01 April 2025