Atlantic American's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Atlantic American (AAME) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Atlantic American vs Its Competitors
- TTM: Trailing 12-month revenue of 210M vs 1,078,066M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.6% annualized vs trailing 12 months), vs holding steady (+1.7%) for its tracked peer group.
- Growth: Atlantic American generated 4.7% revenue growth year over year in Q4 2025, vs 7.2% for its competitors combined.
- Profitability: Its 2.6% net margin compares with 13.0% for the peer group.
- Scale: Atlantic American ranks #18 of 18 companies by market capitalization in the Life Insurance industry, holding 0.0% of industry market cap.
- Peer revenue share: Atlantic American accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $1.27M compares with $1.34M for the peer group (0.9x).
- Structure: Atlantic American operates in the following segments: Bankers Fidelity, American Southern, Corporate and Unallocated.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AAME Sales vs. its Competitors, Q4 2025
Atlantic American reported revenue growth of 4.68 % year on year in Q4 2025, below its competitors' combined revenue growth of 7.23 %.
With a net margin of 2.58 %, Atlantic American reported lower profitability than its competitors (13.03 %).
Atlantic American generated 0.02 % of the combined sales of its peer group, up from 0.02 % a year earlier.
API endpoints for this dataset
Atlantic American vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Atlantic American reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Atlantic American and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Atlantic American Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Atlantic American's competitor groups requires a Commercial License.
For context: the Life Insurance industry grew revenue 2.7% year over year, combined, vs 4.7% for Atlantic American. Atlantic American's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.00 percentage points.
Atlantic American's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Atlantic American Corp | Yes | Yes | Yes | No |
| Competitors combined (29) | ||||
| Similar-Size Competitors (4) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 87.50 % (7 of 8) | 50.00 % (4 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AAME Stock Performance relative to its Competitors
AAME Stock Performance relative to Similar-Size Competitors
AAME Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Voya Financial Inc | 282.9% | Outperformed |
| 2 | Cno Financial Group Inc | 282.9% | Outperformed |
| 3 | Principal Financial Group inc | 282.9% | Outperformed |
| 4 | United Fire Group Inc | 282.9% | Outperformed |
| 5 | Allstate Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Atlantic American's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Atlantic American's Comment on Competition and Industry Peers
Competition for insurance products is based on many factors including premiums
charged, terms and conditions of coverage, service provided, financial ratings
assigned by independent rating agencies, claims services, reputation, perceived
financial strength and the experience of the organization in the line of business
being written.
Property and Casualty Operations
The businesses in which American Southern engages are highly competitive. The
principal areas of competition are pricing and service. Many competing property
and casualty companies, which have been in business longer than American Southern,
offer more diversified lines of insurance and have substantially greater financial
resources. Management believes, however, that the policies it sells are competitive
with those providing similar benefits offered by other insurers doing business
in the states in which American Southern operates. American Southern attempts
to develop strong relationships with its agents and, consequently, believes
it is better positioned for new opportunities and programs with those agents.
Life and Health Operations
The life and health insurance business also remains highly competitive and includes
a large number of insurance companies, many of which have substantially greater
financial resources than Bankers Fidelity or the Company. Bankers Fidelity offers
life insurance products, Medicare supplement and other accident and health insurance
products with a focus on the senior market. Bankers Fidelity believes that its
primary competitors are Americo Life, GTL, Lincoln Heritage, Medico, Monumental,
Mutual of Omaha, New Era, Standard Life, Transamerica and United Healthcare.
Bankers Fidelity competes with these as well as other insurers on the basis
of premium rates, policy benefits and service to policyholders. Bankers Fidelity
also competes with other insurers to attract and retain the allegiance of its
independent agents through commission and sales incentive arrangements, accessibility
and marketing assistance, lead programs, reputation, and market expertise. In
order to better compete, Bankers Fidelity actively seeks opportunities in niche
markets, developing long-term relationships with a select number of independent
marketing organizations promoting worksite marketing and selective association
endorsements. Bankers Fidelity has a track record of successfully competing
in its chosen markets by establishing relationships with independent agents
and providing proprietary marketing initiatives as well as providing outstanding
service to policyholders. Bankers Fidelity believes that it competes effectively
on the bases of policy benefits, services and market segmentation.
Publicly Traded Peers of Atlantic American Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Atlantic American Corp |
22.54 | 210.44 |
 The Cigna Group |
77,414.78 | 282,382.00 |
 Aon Plc |
71,173.95 | 17,707.00 |
 Allstate Corp |
65,990.18 | 70,137.00 |
 Metlife Inc |
65,511.56 | 79,403.00 |
 Aflac Incorporated |
63,131.52 | 18,069.00 |
| SUBTOTAL | 626,843.68 | 1,079,024.62 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Atlantic American Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Atlantic American's Competitors Named by the Company
Competitive relationships identified from Atlantic American reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Utg Inc | Company report | 85% |
| Fbl Financial Group Inc | Company report | 85% |
| Citizens Inc | Company report | 85% |
| First Trinity Financial Corporation | Company report | 85% |
| National Security Group Inc. | Company report | 85% |
| Cno Financial Group Inc | Company report | 85% |
| National Western Life Group Inc | Company report | 85% |
| Midwest Holding Inc | Company report | 85% |
| Globe Life Inc | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Hartford Financial Services Group Inc | Company report | 85% |
| Security National Financial Corporation | Company report | 85% |
| Aflac Incorporated | Company report | 85% |
| Partnerre Ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Atlantic American's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Atlantic American's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Atlantic American Corp | Bankers Fidelity 55.75 % |
| The Cigna Group | Evernorth 86.55 % |
| Aon Plc | Risk Capital 65.40 % |
| Allstate Corp | Allstate Protection 86.96 % |
| Metlife Inc | Group Benefits 33.54 % |
| Aflac Incorporated | Aflac Japan 65.91 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Atlantic American's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Atlantic American Corp | 23 | 1,267,711 | 36,247 |
| The Cigna Group | 77,415 | 4,171,078 | 102,555 |
| Aon Plc | 71,174 | 295,117 | 65,750 |
| Allstate Corp | 65,990 | 1,308,526 | 248,134 |
| Metlife Inc | 65,512 | 1,726,152 | 79,543 |
| Aflac Incorporated | 63,132 | 1,420,966 | 382,353 |
| PEERS TOTAL | 626,821 | 1,344,114 | 182,711 |
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Atlantic American's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
| Citizens Inc | All Countries 66.88 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Atlantic American's Position in Industry Market Structure
Market-capitalization share and concentration across all 17 companies in Atlantic American's industry classification, broader than the peer set above. Market cap in millions of $.Atlantic American ranks #18 of 17 companies by market capitalization in its industry, holding 0.01 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,330, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Manulife Financial Corporation | 84,542 | 23.68 % |
| 2 | Metlife Inc | 63,571 | 17.81 % |
| 3 | Sun Life Financial Inc | 43,040 | 12.06 % |
| 4 | Prudential Financial Inc | 41,507 | 11.63 % |
| 5 | Prudential Plc | 1,234 | 5.2% |
| 6 | Reinsurance Group Of America Incorporated | 1,234 | 5.2% |
| 7 | Corebridge Financial Inc | 1,234 | 5.2% |
| 8 | Globe Life Inc | 1,234 | 5.2% |
| 9 | Jackson Financial Inc | 1,234 | 5.2% |
| 10 | Voya Financial Inc | 1,234 | 5.2% |
| 18 | Atlantic American Corp | 23 | 0.01 % |
Market cap and industry share for the rest of Atlantic American's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Atlantic American's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 14 | Genworth Financial Inc | 3,361 | 2.63 % |
| 15 | Brighthouse Financial Inc | 2,464 | -17.03 % |
| 16 | Citizens Inc | 1,234 | 12.3% |
| 17 | Utg Inc | 1,234 | 12.3% |
| 18 | Atlantic American Corp | 23 | -62.29 % |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Atlantic American's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Atlantic American's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Life Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (33 companies). See the full Life Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 41.99 % (avg) | - |
| Operating Margin | 0.05 % | industry median | -34.4 pp |
| EBITDA Margin | 0.21 % | 20.12 % (avg) | -19.9 pp |
| Capital Intensity (Capex / Revenue) | 0.22 % | 0.72 % (avg) | -0.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Atlantic American's Valuation vs Competitive Position
Valuation multiples vs the Life Insurance industry average (33 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Life Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 10.6x | 10.2x | +0.4x |
| EV / EBITDA | 0.5x | 8.7x | -8.2x |
| P/B | 0.5x | 1.3x | -0.7x |
| Return on Equity | 0.05 % | industry aggregate | -10.97 % |
| Return on Invested Capital | 0.09 % | 5.35 % (avg) | -5.26 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Atlantic American's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 2.45 % | 6.80 % | -1.43 % | 2.15 % | -5.86 % | -0.56 % | 0.73 % | 11.84 % |
| Operating Margin | 13.18 % | 12.59 % | 20.88 % | 15.63 % | 18.58 % | 14.70 % | 12.03 % | - |
| Return on Invested Capital | 7.00 % | 6.40 % | 10.13 % | 7.28 % | 8.23 % | 5.83 % | 4.67 % | - |
| P/E | - | - | 4.3x | 20.1x | 69.2x | - | - | 10.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Atlantic American's Strategic Group Map
Atlantic American is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Atlantic American's trailing-12-month revenue growth of 11.8% and operating margin of 0.1% compares with an average of 5.2% growth and 6.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Atlantic American sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Atlantic American's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Atlantic American falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 5.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Atlantic American's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,330 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.22 % vs industry average 0.72 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Atlantic American's dedicated Suppliers and Customers pages, not here.
Atlantic American's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Atlantic American falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Atlantic American's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 34.4 points below the industry median.
- Return on equity 11.0 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-2.6% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Atlantic American's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Atlantic American Corp | 0.36 | 0.42 | 0.04 |
| The Cigna Group | 0.12 | 0.82 | 0.76 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
| Allstate Corp | 0.02 | 0.15 | 0.25 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Aflac Incorporated | 0.08 | 2.34 | 0.28 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Atlantic American's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Atlantic American Corp | Q4 2025 | +4.7 % | +220.9 % |
| The Cigna Group | Q2 2026 | +6.7 % | +22.4 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| Allstate Corp | Q2 2026 | +11.8 % | +55.8 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Aflac Incorporated | Q2 2026 | -1.0 % | +37.7 % |
| PEERS TOTAL | +7.9 % | +63.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Atlantic American's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Atlantic American Corp | Q4 2025 | - | -99.0 % |
| The Cigna Group | Q2 2026 | +6.4 % | - |
| Aon Plc | Q3 2026 | - | +36.2 % |
| Allstate Corp | Q2 2026 | +6.1 % | - |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Aflac Incorporated | Q2 2026 | +5.7 % | - |
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Atlantic American's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Atlantic American Corp | 1.43% | 1.95% | 5.48% |
| The Cigna Group | 4.44% | 6.84% | 16.41% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
| Allstate Corp | 10.88% | 16.50% | 43.12% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Aflac Incorporated | 4.13% | 9.64% | 16.42% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Atlantic American's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Atlantic American Corp | 4.25 | 0.11 |
| The Cigna Group | 12.44 | 0.27 |
| Aon Plc | 18.51 | 4.02 |
| Allstate Corp | 5.10 | 0.94 |
| Metlife Inc | 19.44 | 0.83 |
| Aflac Incorporated | 13.47 | 3.49 |
| PEERS AVERAGE | 4.27 | 0.58 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.