ATLANTIC AMERICAN CORP AAME

Financials SIC 6311 - Life Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Life Insurance Carriers derived Nasdaq

Atlantic American Corporation, a Georgia corporation incorporated in 1968 (the "Parent" or "Company"), 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, Bankers Fidelity Assurance Company and Atlantic Capital Life 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

Last close 1.24 2026-10-23
Market cap $25.3M 2025-09-30 share count
52-week range 1.03 - 3.24

Valuation FY2024 figures against the last close

P/S0.1x
P/E—
P/FCF5.5x
EV/EBITDA—
Dividend yield1.6%
Diluted EPS-0.23

Annual financial statements

Income statement

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue $188.2M$186.8M$187.9M$199.6M$195.3M$198.2M$185.6M$181.1M$166.1M$165.9M
Operating income -$5.0M$1.5M$9.6M-$1.5M$11.5M-$7.5M-$3.9M-$3.8M$929.0K$851.0K
Interest expense $3.4M$3.3M$2.0M$1.4M$1.6M$2.1M$2.0M$1.7M$1.6M$1.4M
Pre-tax income -$5.3M-$565.0K$2.1M$5.3M$15.5M-$407.0K-$971.0K$5.4M$3.5M$5.7M
Income tax $996.0K$394.0K$571.0K$1.0M$3.3M$21.0K$267.0K$828.0K$888.0K$1.3M
Net income -$4.3M-$171.0K$1.5M$4.3M$12.2M-$386.0K-$704.0K$4.5M$2.6M$4.4M
EPS, basic -0.23-0.030.060.190.58-0.04————
EPS, diluted -0.23-0.030.060.190.56-0.04-0.050.200.110.19
Shares, diluted (wtd. avg.) 20.4M20.4M20.4M20.4M21.8M—————

Balance sheet

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Cash and equivalents $35.6M$28.3M$28.9M$24.8M$19.3M$12.9M$12.6M$24.5M$13.3M$15.6M
Total assets $393.4M$381.3M$367.1M$402.3M$405.2M$377.6M$344.3M$343.2M$318.6M$314.6M
Total liabilities $293.8M$274.0M$264.9M$261.0M$260.1M$259.2M$242.9M$230.3M$213.1M$212.1M
Retained earnings $45.9M$50.9M$52.0M$51.3M$47.8M$36.0M$37.2M$31.0M$27.3M$25.4M
Total equity $99.6M$107.3M$102.2M$141.3M$145.1M$118.4M$101.4M$113.0M$105.5M$102.5M

Cash flow

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Operating cash flow $4.8M$2.6M$6.5M$1.1M$9.0M-$1.8M$4.5M$12.2M$1.3M$2.2M
Depreciation and amortisation $366.0K$652.0K$890.0K$1.0M$980.0K$996.0K$987.0K$1.4M$1.2M$1.1M
Capital expenditure $225.0K$80.0K$126.0K$107.0K$233.0K$69.0K$281.0K$103.0K$396.0K$322.0K
Investing cash flow $2.3M-$3.4M-$3.4M$5.3M-$2.1M$3.0M-$14.8M$593.0K-$2.2M-$1.2M
Financing cash flow $186.0K$181.0K$1.1M-$954.0K-$481.0K-$939.0K-$1.6M-$1.5M-$1.5M-$1.8M
Dividends paid $408.0K$408.0K$408.0K$408.0K$0$403.0K$407.0K$408.0K$408.0K$412.0K
Buybacks ————$0$71.0K$597.0K$692.0K$698.0K$997.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-010239.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M Revenue, FY2015: 165.9M Net income, FY2015: 4.4M Revenue, FY2016: 166.1M Net income, FY2016: 2.6M Revenue, FY2017: 181.1M Net income, FY2017: 4.5M Revenue, FY2018: 185.6M Net income, FY2018: -704K Revenue, FY2019: 198.2M Net income, FY2019: -386K Revenue, FY2020: 195.3M Net income, FY2020: 12.2M Revenue, FY2021: 199.6M Net income, FY2021: 4.3M Revenue, FY2022: 187.9M Net income, FY2022: 1.5M Revenue, FY2023: 186.8M Net income, FY2023: -171K Revenue, FY2024: 188.2M Net income, FY2024: -4.3M FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Fiscal year FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue $165.9M $166.1M $181.1M $185.6M $198.2M $195.3M $199.6M $187.9M $186.8M $188.2M
Gross profit — — — — — — — — — —
Net income $4.4M $2.6M $4.5M -$704.0K -$386.0K $12.2M $4.3M $1.5M -$171.0K -$4.3M

Recent filings and events

  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Delisting notice Item 3.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Delisting notice Item 3.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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