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Atlantic American Corp  (AAME)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $2.6800 $-0.03 -1.107%
Day's High: $2.8694 Week Perf: -2.9 %
Day's Low: $ 2.68 30 Day Perf: 8.5 %
Volume (M): 10 52 Wk High: $ 3.00
Volume (M$): $ 27 52 Wk Avg: $2.15
Open: $2.72 52 Wk Low: $1.49



 Market Capitalization (Millions $) 56
 Shares Outstanding (Millions) 21
 Employees 147
 Revenues (TTM) (Millions $) 185
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 0

Atlantic American Corp

Atlantic American Corporation, a Georgia corporation incorporated in 1968, is a holding company that operates through its subsidiaries in well-defined specialty markets within the life and health and property and casualty insurance industries. The Parent’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as “American Southern”) within the property and casualty insurance industry and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”) within the life and health insurance industry. Each of American Southern and Bankers Fidelity is managed separately based upon the type of products it offers, and is evaluated on its individual performance. The Company’s strategy is to focus on well-defined geographic, demographic and/or product niches within the insurance marketplace. Each of American Southern and Bankers Fidelity operates with relative autonomy, which structure is designed to allow for quick reaction to market opportunities.

American Southern comprises the Company’s property and casualty operations and its primary product lines are as follows:
Business Automobile Insurance policies provide bodily injury and/or property damage liability coverage, uninsured motorist coverage and physical damage coverage for commercial accounts.


General Liability Insurance policies cover bodily injury and property damage liability for both premises and completed operations exposures for general classes of business.


Surety Bonds are contracts under which one party, the insurance company issuing the surety bond, guarantees to a third party that the primary party will fulfill an obligation in accordance with a contractual agreement. This obligation may involve meeting a contractual commitment, paying a debt or performing certain duties.
American Southern provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments, local municipalities and other large motor pools and fleets (“block accounts”) that can be specifically rated and underwritten. The size of the block accounts insured by American Southern are generally such that individual class experience can be determined, which allows for customized policy terms and rates. American Southern is licensed to do business in 32 states and the District of Columbia. While the majority of American Southern’s premiums are derived from its automobile lines of business, American Southern also offers business personal property, inland marine and general liability coverages. Additionally, American Southern directly provides surety bond coverage for school bus transportation and subdivision construction, as well as performance and payment bonds.

The Company believes that prompt, efficient policyholder and claims services are essential to its continued success in marketing its insurance products. Additionally, the Company believes that its insureds are particularly sensitive to claims processing time and to the accessibility of qualified staff to answer inquiries. Accordingly, the Company’s policyholder and claims services seek to offer expeditious disposition of service requests by providing toll-free access for all customers, 24-hour claim reporting services, and direct computer links with some of its largest accounts. The Company also utilizes an automatic call distribution system to ensure that inbound calls to customer service support groups are processed efficiently. Operational data generated from this system allows management to further refine ongoing client service programs and service representative training modules.



   Company Address: 4370 Peachtree Road, N.E. Atlanta 30319 GA
   Company Phone Number: 266-5500   Stock Exchange / Ticker: NASDAQ AAME
   AAME is expected to report next financial results on June 29, 2024.


Customers Net Income grew by AAME's Customers Net Profit Margin fell to

0.01 %

11.4 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GNW   -1.11%    
LNC        1.49% 
MET        1.2% 
NWLI        0.21% 
PRU        1.2% 
VOYA        2.07% 
• View Complete Report
   



Atlantic American Corp

Atlantic American Corp. Rides Wave of Success with Remarkable Profit Surge Throughout Q3 2023


As an investor closely monitoring the financial performance of Atlantic American Corporation (Nasdaq: AAME), I must assess the recent financial results and their implications. In the fiscal third quarter of 2023, the company reported positive earnings of $0.08 per share, representing a significant improvement compared to the loss of $0.04 per share recorded in the same period last year. Notably, the earnings per share remained consistent with the previous financial reporting period.
While the revenue contracted by -3.781% to $44.59 million compared to the same period last year, it is important to consider the wider economic context and the challenges faced by various industries during this time. Sequentially, revenue deteriorated by -9.346% compared to the previous financial reporting period. Although a decline in revenue may raise concerns, it is crucial to recognize the broader factors affecting the market and understand the steps the company is taking to address these challenges.

Atlantic American Corp

Atlantic American Corp Delivers Positive Turnaround, Surges Towards Profitability in Q2 2023

Atlantic American Corp, a life insurance company, experienced a positive turnaround in the April to June 30, 2023 span. The company reported earnings per share of $0.08, compared to a loss of $0.09 per share the previous year. Additionally, its income per share turned positive, improving from a loss of $0.08 per share in the preceding quarter. The company's revenue also saw a significant increase, rising by 10.117% to $49.19 million from $44.67 million in the same quarter a year before. Sequentially, revenue increased by 6.309% from $46.27 million.
However, despite these positive developments, Atlantic American Corp's top-line surge fell short of the 26.59% growth reported by the rest of the life insurance industry in Q2 of 2022. It is worth noting that the company reported net earnings of $1.744 million in the April to June 30, 2023 span, a considerable improvement compared to a net loss of $1.679 million in the same quarter the previous year.
Atlantic American Corp highlighted its improving profit margins, with a net margin of 3.55% in the April to June 30, 2023 span, and an operating margin of 14.18%. These figures indicate that the company's profitability is on the rise. Furthermore, the company's level of accounts receivable has declined to $22.3 million, which some analysts believe is due to slowing demand.
Looking ahead, Atlantic American Corp is expected to report its next financial results on August 11, 2023. However, over the course of the last five trading days, the company's shares have dropped by -1.09%. This brings the year-to-date performance to -25.21%. In fact, the company's shares have reached its 52-week low.

Atlantic American Corp

Atlantic American Corp Plunged into Deficit in Q1 2023, Reporting a Loss of $0.08 per Share

Atlantic American Corp (AAME) recently reported disappointing financial results for the fiscal first quarter of 2023. The company slipped into a shortfall of $-0.08 per share, compared to $0.13 a year prior. Earnings per share also fell from $0.06 per share in the preceding reporting season. This decline in performance is a cause for concern for investors and analysts alike.
Furthermore, the revenue for the company decreased by a significant -10.345% to $46.27 million from $51.61 million in the same reporting season a year prior. While the revenue did increase sequentially by 2.295% from $45.23 million, it is still substantially lower compared to the previous year. This indicates a decline in the company's ability to generate consistent revenue, which is a crucial factor for long-term success.






 

Atlantic American's Segments
 
 
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