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Atlantic AmericanNASDAQ: AAME

Profile

Country:

United States

IPO:

17 March 1980

Next earnings report:

01 April 2025

Last dividends:

11 April 2024

Next dividends:

N/A
$33.45 M
-59%vs. 3y high
7%vs. sector
-vs. 3y high
-vs. sector
-50%vs. 3y high
8%vs. sector
-53%vs. 3y high
4%vs. sector

Price

regular market | Fri, 22 Nov 2024 21:00:00 GMT
$1.64-$0.00(-0.10%)
$44.52 M-$2.00 M

Analysts recommendations

Institutional Ownership

AAME Latest News

Atlantic American Corporation Reports Third Quarter Results for 2024
globenewswire.com12 November 2024 Sentiment: NEGATIVE

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.

Atlantic American Corporation Reports Second Quarter Results for 2024
globenewswire.com14 August 2024 Sentiment: NEGATIVE

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