← 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
Total Revenue $165.9m $166.1m $181.1m $185.6m $198.2m $195.3m $199.6m $187.9m $186.8m $188.2m
Revenues:
Operating Income (Loss) $851k $929k ($3.8m) ($3.9m) ($7.5m) $11.5m ($1.5m) $9.6m $1.5m ($5.0m)
Additional Financial Items
Other Income $103k $133k $123k $113k $190k $76k $13k $11k $17k $11k
Realized Investment Gains (Losses) $4.9m $2.6m $9.2m $5.2m $1.6m $7.4m $4.9m $30k $70k $1.2m
Capitalized Computer Software, Amortization — — — — — — — $0 $0 $0
Equity Securities, FV-NI, Realized Gain (Loss) — — — $272k $1.2m $87k $0 $0 $0 $0
Income (Loss) from Equity Method Investments — — — — — — — $241k ($360k) ($766k)
Preferred Stock Dividends, Income Statement Impact $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Insurance premiums, net $150.9m $153.5m $163.3m $172.9m $181.9m $183.5m $184.2m $185.4m $178.8m $178.7m
Realized investment gains, net $4.9m $2.6m $9.2m $5.2m $1.6m $7.4m $4.9m $30k $70k $1.2m
Unrealized losses on equity securities, net — — $0 ($2.2m) $5.5m ($3.4m) $1.9m ($7.6m) ($2.2m) ($1.5m)
Insurance benefits and losses incurred $101.4m $103.2m $117.5m $132.7m $139.2m $119.9m $131.7m $123.5m $122.5m $125.8m
Loss before income taxes $5.7m $3.5m $5.4m ($971k) ($407k) $15.5m $5.3m $2.1m ($565k) ($5.3m)
Income tax benefit $1.3m $888k $828k ($267k) ($21k) $3.3m $1.0m $571k ($394k) ($996k)
Net loss $4.4m $2.6m $4.5m ($704k) ($386k) $12.2m $4.3m $1.5m ($171k) ($4.3m)
Preferred stock dividends ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Net loss applicable to common shareholders $4.0m $2.2m $4.1m ($1.1m) ($785k) $11.8m $3.9m $1.1m ($570k) ($4.7m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $5.7m $3.5m $5.4m ($971k) ($407k) $15.5m $5.3m $2.1m ($565k) ($5.3m)
Policyholder Benefits and Claims Incurred, Net $101.4m $103.2m $117.5m $132.7m $139.2m $119.9m $131.7m $123.5m $122.5m $125.8m
Premiums Earned, Net $150.9m $153.5m $163.3m $172.9m $181.9m $183.5m $184.2m $185.4m $178.8m $178.7m
Net Investment Income — — $8.5m $9.5m $9.0m $7.7m $8.5m $9.9m $10.1m $9.8m
Investment Income, Net $9.5m $9.3m $7.7m — — — — — — —
Net Income (Loss) Attributable to Parent $4.4m $2.6m $4.5m ($704k) ($386k) $12.2m $4.3m $1.5m ($171k) ($4.3m)
Net Income (Loss) Available to Common Stockholders, Basic $4.0m $2.2m $4.1m ($1.1m) ($785k) $11.8m $3.9m $1.1m ($570k) ($4.7m)
Earnings Per Share, Basic — — — ($0.05) ($0.04) $0.58 $0.19 $0.06 ($0.03) ($0.23)
Earnings Per Share, Diluted — — — — — $0.56 $0.19 $0.06 ($0.03) ($0.23)
Common Stock, Dividends, Per Share, Declared — — — ($0.05) $0.02 $0.00 $0.02 $0.02 $0.02 $0.02
Weighted Average Number of Shares Outstanding, Basic — — — — — 20.4m 20.4m 20.4m 20.4m 20.4m
Weighted Average Number of Shares Outstanding, Diluted — — — — — 21.8m 20.4m 20.4m 20.4m 20.4m
Expenses
Deferred Policy Acquisition Costs, Amortization Expense $10.3m $11.9m $10.6m $17.6m $17.3m $19.4m $24.1m $19.4m $16.4m $16.6m
Interest Expense $1.4m $1.6m $1.7m $2.0m $2.1m $1.6m $1.4m $2.0m $3.3m $3.4m
Other Cost and Expense, Operating $58.6m $59.3m $60.5m $57.3m $60.1m $59.7m $60.7m $65.1m $65.9m $68.5m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $98.7m $99.9m $112.3m $128.6m $137.2m $119.1m $130.9m $121.5m $114.7m $118.1m
Operating Lease, Expense — — — — $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m
Other Expenses $14.2m $13.0m $13.1m $12.8m $11.8m $11.5m $13.7m $13.6m $15.5m $16.2m
Commissions and underwriting expenses $43.2m $44.8m $43.4m $39.0m $45.5m $46.8m $47.5m $46.7m $46.1m $48.0m
Other expense $14.2m $13.0m $13.1m $12.8m $11.8m $11.5m $13.7m $13.6m $15.5m $16.2m
Income Tax Expense (Benefit) $1.3m $888k $828k ($267k) ($21k) $3.3m $1.0m $571k ($394k) ($996k)
Benefits, Losses and Expenses $160.2m $162.6m $175.8m $186.5m $198.6m $179.8m $194.3m $185.8m $187.4m $193.5m
Total benefits and expenses $160.2m $162.6m $175.8m $186.5m $198.6m $179.8m $194.3m $185.8m $187.4m $193.5m

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