← ATLANTIC AMERICAN CORP

Annual Trend FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $15.6m $13.3m $24.5m $12.6m $12.9m $19.3m $24.8m $28.9m $28.3m $35.6m
Cash and cash equivalents $15.6m $13.3m $24.5m $12.6m $12.9m $19.3m $24.8m $28.9m $28.3m $35.6m
Intangibles $2.5m $2.5m $2.5m $2.5m $2.5m $2.5m $2.5m $2.5m $2.5m $2.5m
Operating Lease, Right-of-Use Asset — — — — $5.5m $4.8m $4.1m $3.4m $2.6m $5.2m
Other assets $5.6m $5.2m $5.1m $4.6m $9.1m $7.8m $8.7m $9.2m $9.0m $11.8m
Additional Financial Items
Deferred Compensation Equity $273k $428k $579k $186k $781k $284k $73k $132k $13k $2k
Fixed maturities, available-for-sale, at fair value (amortized cost: $236,299 and $238,626; no allowance for credit losses) — $210.7m $215.1m $210.4m $232.5m $254.1m $261.0m $208.7m $218.2m $212.6m
Equity securities, at fair value (cost: $4,939 and $4,936) — — $23.4m $20.8m $22.9m $18.7m $19.1m $11.6m $9.4m $7.9m
Other invested assets (cost: $7,946 and $6,982) — $9.7m $5.6m $7.4m $10.0m $3.2m $198k $5.4m $6.4m $6.6m
Policy loans — $2.3m $2.1m $2.1m $2.0m $2.0m $1.9m $1.8m $1.8m $1.7m
Real estate — $38k $38k $38k $38k $38k $38k $38k $38k $38k
Investment in unconsolidated trusts — $1.2m $1.2m $1.2m $1.2m $1.2m $1.2m $1.2m $1.2m $1.2m
Reinsurance (net of allowance for uncollectible reinsurance of $51 and $61) $11.8m $11.7m $17.6m $26.1m $32.1m $29.1m $27.4m $25.9m $21.1m $22.9m
Insurance premiums and other (net of allowance for expected credit losses $201 and $217) $12.0m $12.6m $13.2m $15.2m $13.1m $27.5m $15.0m $15.4m $23.7m $27.5m
Deferred income taxes, net $0 $160k $593k $0 $314k $1.3m $0 $14.2m $15.7m $18.1m
Deferred acquisition costs $27.9m $29.0m $32.7m $37.1m $38.9m $39.6m $38.7m $42.3m $43.9m $44.8m
Future policy benefits — — $82.4m $90.3m $92.5m $90.9m $87.3m $85.6m $92.5m $98.5m
Unearned premiums — — $23.4m $24.2m $26.0m $27.1m $27.5m $28.3m $31.3m $31.2m
Losses and claims — — $65.7m $72.6m $81.4m $79.1m $85.6m $87.5m $87.5m $93.7m
Other policy liabilities — — $2.0m $2.0m $1.9m $1.5m $1.4m $1.3m $1.1m $1.8m
Revolving credit facility — — — — — — $0 $2.0m $3.0m $4.0m
Junior subordinated debenture obligations, net $33.7m $33.7m $33.7m $33.7m $33.7m $33.7m $33.7m $33.7m $33.7m $33.7m
Unearned stock grant compensation ($273k) ($428k) ($579k) ($186k) ($781k) ($284k) ($73k) ($132k) ($13k) ($2k)
Total investments $238.4m $244.2m $247.5m $241.9m $268.6m $279.3m $283.4m $228.7m $237.1m $230.1m
Total insurance reserves and policyholder funds $163.3m $162.7m $173.6m $189.0m $201.9m $198.7m $201.8m $202.7m $212.4m $225.1m
Total shareholders' equity $102.5m $105.5m $113.0m $101.4m $118.4m $145.1m $141.3m $102.2m $107.3m $99.6m
Assets $314.6m $318.6m $343.2m $344.3m $377.6m $405.2m $402.3m $367.1m $381.3m $393.4m
Total assets $314.6m $318.6m $343.2m $344.3m $377.6m $405.2m $402.3m $367.1m $381.3m $393.4m
LIABILITIES AND EQUITY
Accounts payable and accrued expenses $15.0m $16.7m $22.3m $20.1m $23.6m $26.4m $25.5m $26.5m $24.8m $30.9m
Deferred Tax Liabilities, Net $0 — $593k $0 — $1.3m — — — —
Liabilities $212.1m $213.1m $230.3m $242.9m $259.2m $260.1m $261.0m $264.9m $274.0m $293.8m
Total liabilities $212.1m $213.1m $230.3m $242.9m $259.2m $260.1m $261.0m $264.9m $274.0m $293.8m
Stockholders’ equity:
Preferred Stock, Value, Issued $55k $55k $55k $55k $55k $55k $55k $55k $55k $55k
Common Stock, Value, Issued $22.4m $22.4m $22.4m $22.4m $22.4m $22.4m $22.4m $22.4m $22.4m $22.4m
Additional Paid in Capital $56.6m $57.1m $57.5m $57.4m $57.8m $57.4m $57.4m $57.4m $57.4m $57.4m
Retained Earnings (Accumulated Deficit) $25.4m $27.3m $31.0m $37.2m $36.0m $47.8m $51.3m $52.0m $50.9m $45.9m
Accumulated Other Comprehensive Income (Loss), Net of Tax $4.6m $5.8m $9.8m ($7.5m) $10.5m $25.0m $17.7m ($22.1m) ($16.1m) ($18.7m)
Treasury Stock, Common, Value — — — — — — — — $7.4m $7.4m
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value 55k 55k 55k 55k 55k 55k 55k 55k 55k 55k
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 shares issued; 20,399,758 and 20,402,288 shares outstanding as of 2024 and 2023, respectively 22.4m 22.4m 22.4m 22.4m 22.4m 22.4m 22.4m 22.4m 22.4m 22.4m
Accumulated other comprehensive loss $4.6m $5.8m $9.8m ($7.5m) $10.5m $25.0m $17.7m ($22.1m) ($16.1m) ($18.7m)
Treasury stock, at cost, 2,001,136 and 1,998,606 shares as of 2024 and 2023, respectively — — — — — — — ($7.4m) ($7.4m) ($7.4m)
Stockholders' Equity Attributable to Parent $102.5m $105.5m $113.0m $101.4m $118.4m $145.1m $141.3m $102.2m $107.3m $99.6m
Liabilities and Equity $314.6m $318.6m $343.2m $344.3m $377.6m $405.2m $402.3m $367.1m $381.3m $393.4m
Total liabilities and shareholders' equity $314.6m $318.6m $343.2m $344.3m $377.6m $405.2m $402.3m $367.1m $381.3m $393.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.