NASDAQ : AAME
Atlantic American Corporation — Financial statements
Financials · Insurance - Life · United States
Last price 1.07 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 21.83M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 196.14M | 196.14M | 178.59M | 178.82M | 185.44M | 184.22M |
| Total Interest & Dividend Income | 10.27M | 10.27M | 9.79M | 10.06M | 9.93M | 8.53M |
| Gain (Loss) on Sale of Investments | 4.02M | 4.02M | -306.00K | -2.11M | -7.53M | 6.80M |
| Other Revenue | 12.00K | 12.00K | 9.00K | 17.00K | 11.00K | 13.00K |
| Total Revenue | 210.44M | 210.44M | 188.08M | 186.79M | 187.85M | 199.55M |
| Policy Benefits | 132.68M | 132.68M | 121.74M | 122.50M | 123.46M | 131.69M |
| Policy Acquisition & Underwriting Costs | 50.47M | 50.47M | 48.33M | 46.12M | 46.71M | 47.50M |
| Other Operating Expenses | 16.49M | 16.49M | 16.21M | 15.46M | 13.63M | 13.68M |
| Total Operating Expenses | 199.64M | 199.64M | 186.29M | 184.09M | 183.80M | 192.87M |
| Operating Income | 10.80M | 10.80M | 1.79M | 2.70M | 4.05M | 6.69M |
| Interest Expense | -3.08M | -3.08M | -3.42M | -3.27M | -1.95M | -1.39M |
| Pretax Income | 7.72M | 7.72M | -1.62M | -565.00K | 2.10M | 5.30M |
| Income Tax Expense | 1.70M | 1.70M | -232.00K | -394.00K | 571.00K | 1.02M |
| Net Income | 6.02M | 6.02M | -1.39M | -171.00K | 1.52M | 4.28M |
| Preferred Dividends & Other Adjustments | 399.00K | 399.00K | 399.00K | 399.00K | 399.00K | 399.00K |
| Net Income to Common | 5.62M | 5.62M | -1.79M | -570.00K | 1.13M | 3.88M |
| Shares Outstanding (Basic) | 20.40M | 20.40M | 20.40M | 20.40M | 20.39M | 20.39M |
| Shares Outstanding (Diluted) | 20.40M | 20.40M | 20.40M | 20.40M | 20.39M | 20.39M |
| EPS (Basic) | 0.28 | 0.28 | -0.09 | -0.03 | 0.06 | 0.19 |
| EPS (Diluted) | 0.28 | 0.28 | -0.09 | -0.03 | 0.06 | 0.19 |
| Free Cash Flow | 32.41M | 32.41M | 4.58M | 2.54M | 6.33M | 981.00K |
| Free Cash Flow Per Share | 1.59 | 1.59 | 0.22 | 0.12 | 0.31 | 0.05 |
| Dividend Per Share | 0.02 | 0.02 | 0.02 | 0.02 | ||
| Operating Margin | 5.13% | 5.13% | 0.95% | 1.45% | 2.15% | 3.35% |
| Profit Margin | 2.67% | 2.67% | -0.95% | -0.30% | 0.60% | 1.94% |
| Free Cash Flow Margin | 15.40% | 15.40% | 2.43% | 1.36% | 3.37% | 0.49% |
| EBITDA | 11.24M | 11.24M | 2.16M | 3.36M | 4.94M | 7.69M |
| EBITDA Margin | 5.34% | 5.34% | 1.15% | 1.80% | 2.63% | 3.85% |
| D&A For EBITDA | 438.00K | 438.00K | 366.00K | 652.00K | 890.00K | 1.00M |
| EBIT | 10.80M | 10.80M | 1.79M | 2.70M | 4.05M | 6.69M |
| EBIT Margin | 5.13% | 5.13% | 0.95% | 1.45% | 2.15% | 3.35% |
| Effective Tax Rate | 22.07% | 22.07% | 27.24% | 19.26% | ||
| Revenue as Reported | 210.44M | 210.44M | 188.08M | 186.79M | 187.85M | 199.55M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 243.91M | 243.91M | 212.43M | 218.01M | 208.51M | 260.74M |
| Investments in Equity & Preferred Securities | 18.64M | 18.64M | 14.70M | 16.00M | 17.17M | 19.57M |
| Policy Loans | 1.68M | 1.68M | 1.72M | 1.78M | 1.76M | 1.86M |
| Other Investments | 1.24M | 1.24M | 1.24M | 1.24M | 1.24M | 1.24M |
| Total Investments | 265.50M | 265.50M | 230.13M | 237.07M | 228.71M | 283.44M |
| Cash & Equivalents | 43.64M | 43.64M | 35.57M | 28.30M | 28.86M | 24.75M |
| Reinsurance Recoverable | 25.54M | 25.54M | 22.88M | 21.10M | 25.91M | 27.42M |
| Other Receivables | 26.96M | 26.96M | 21.88M | 23.69M | 15.39M | 14.96M |
| Deferred Policy Acquisition Cost | 42.32M | 42.32M | 41.24M | 43.85M | 42.28M | 38.70M |
| Property, Plant & Equipment | 4.63M | 4.63M | 5.22M | 2.61M | 3.40M | 4.14M |
| Other Intangible Assets | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M |
| Long-Term Deferred Tax Assets | 15.04M | 15.04M | 15.97M | 15.68M | 14.16M | 1.75M |
| Long-Term Deferred Charges | 5.31M | 5.31M | 4.67M | 4.57M | ||
| Other Long-Term Assets | 2.45M | 2.45M | 1.93M | 1.85M | 5.80M | 4.58M |
| Total Assets | 433.94M | 433.94M | 382.04M | 381.26M | 367.06M | 402.29M |
| Accounts Payable | 28.83M | 28.83M | 28.02M | 24.81M | 26.47M | 25.46M |
| Insurance & Annuity Liabilities | 206.13M | 206.13M | 176.84M | 181.10M | 174.30M | 174.33M |
| Unearned Premiums | 34.74M | 34.74M | 28.84M | 31.32M | 28.35M | 27.47M |
| Current Portion of Leases | 1.11M | 1.11M | ||||
| Long-Term Debt | 38.76M | 38.76M | 37.76M | 36.76M | 35.75M | 33.74M |
| Long-Term Leases | 3.58M | 3.58M | ||||
| Total Liabilities | 313.15M | 313.15M | 271.47M | 273.99M | 264.87M | 261.00M |
| Preferred Stock, Convertible | 55.00K | 55.00K | 55.00K | 55.00K | 55.00K | 55.00K |
| Common Stock | 22.40M | 22.40M | 22.40M | 22.40M | 22.40M | 22.40M |
| Additional Paid-In Capital | 57.42M | 57.42M | 57.42M | 57.42M | 57.42M | 57.44M |
| Retained Earnings | 48.71M | 48.71M | 43.50M | 50.93M | 51.98M | 51.26M |
| Treasury Stock | -7.41M | -7.41M | -7.41M | -7.40M | -7.39M | -7.49M |
| Comprehensive Income & Other | -390.00K | -390.00K | -5.40M | -16.13M | -22.28M | 17.61M |
| Total Common Equity | 120.73M | 120.73M | 110.52M | 107.22M | 102.14M | 141.23M |
| Shareholders' Equity | 120.79M | 120.79M | 110.57M | 107.28M | 102.19M | 141.29M |
| Total Liabilities & Equity | 433.94M | 433.94M | 382.04M | 381.26M | 367.06M | 402.29M |
| Filing Date Shares Outstanding | 20.40M | 20.40M | 20.40M | 20.40M | 20.40M | 20.38M |
| Total Common Shares Outstanding | 20.40M | 20.40M | 20.40M | 20.40M | 20.41M | 20.38M |
| Total Debt | 43.45M | 43.45M | 37.76M | 36.76M | 35.75M | 33.74M |
| Net Cash (Debt) | 181.00K | 181.00K | -2.19M | -8.46M | -6.88M | -8.98M |
| Net Cash Per Share | 0.01 | 0.01 | -0.11 | -0.41 | -0.34 | -0.44 |
| Book Value Per Share | 5.92 | 5.92 | 5.42 | 5.26 | 5.00 | 6.93 |
| Tangible Book Value | 118.19M | 118.19M | 107.97M | 104.68M | 99.59M | 138.69M |
| Tangible Book Value Per Share | 5.79 | 5.79 | 5.29 | 5.13 | 4.88 | 6.81 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.02M | 6.02M | -1.39M | -171.00K | 1.52M | 4.28M |
| Depreciation & Amortization | 438.00K | 438.00K | 366.00K | 652.00K | 890.00K | 1.00M |
| Other Amortization | 18.86M | 18.86M | 18.55M | 16.44M | 19.45M | 24.06M |
| Gain (Loss) on Sale of Investments | -4.02M | -4.02M | 306.00K | 2.11M | 7.53M | -6.80M |
| Stock-Based Compensation | 2.00K | 2.00K | 11.00K | 119.00K | 134.00K | 211.00K |
| Change in Accounts Receivable | -7.71M | -7.71M | 2.89M | -3.52M | 1.08M | 1.54M |
| Change in Accounts Payable | 5.50M | 5.50M | 3.21M | -1.66M | 1.01M | -947.00K |
| Change in Insurance Reserves / Liabilities | 33.95M | 33.95M | 5.48M | 9.77M | 854.00K | 3.12M |
| Change in Other Net Operating Assets | -377.00K | -377.00K | -2.86M | -370.00K | -923.00K | -1.42M |
| Other Operating Activities | -20.34M | -20.34M | -22.53M | -21.13M | -24.85M | -24.26M |
| Operating Cash Flow | 32.87M | 32.87M | 4.80M | 2.62M | 6.45M | 1.09M |
| Capital Expenditures | -466.00K | -466.00K | -225.00K | -80.00K | -126.00K | -107.00K |
| Investment in Securities | -24.53M | -24.53M | 2.51M | -3.29M | -3.30M | 5.41M |
| Investing Cash Flow | -25.00M | -25.00M | 2.28M | -3.37M | -3.43M | 5.30M |
| Long-Term Debt Issued | 1.00M | 1.00M | 1.00M | 1.00M | 2.00M | |
| Net Debt Issued (Repaid) | 1.00M | 1.00M | 1.00M | 1.00M | 2.00M | |
| Issuance of Common Stock | 6.00K | |||||
| Repurchases of Common Stock | -4.00K | -4.00K | -7.00K | -12.00K | -108.00K | -153.00K |
| Common Dividends Paid | -408.00K | -408.00K | -408.00K | -408.00K | -408.00K | -408.00K |
| Preferred Dividends Paid | -399.00K | -399.00K | -399.00K | -399.00K | -399.00K | -399.00K |
| Total Dividends Paid | -807.00K | -807.00K | -807.00K | -807.00K | -807.00K | -807.00K |
| Financing Cash Flow | 189.00K | 189.00K | 186.00K | 181.00K | 1.08M | -954.00K |
| Net Cash Flow | 8.07M | 8.07M | 7.27M | -562.00K | 4.11M | 5.43M |
| Free Cash Flow | 32.41M | 32.41M | 4.58M | 2.54M | 6.33M | 981.00K |
| Free Cash Flow Margin | 15.40% | 15.40% | 2.43% | 1.36% | 3.37% | 0.49% |
| Free Cash Flow Per Share | 1.59 | 1.59 | 0.22 | 0.12 | 0.31 | 0.05 |
| Levered Free Cash Flow | 22.62M | 22.62M | 18.46M | 14.59M | 24.62M | 42.10M |
| Unlevered Free Cash Flow | 24.54M | 24.54M | 20.60M | 16.63M | 25.84M | 42.97M |
| Cash Interest Paid | 3.11M | 3.11M | 3.44M | 3.23M | 1.79M | 1.39M |
| Cash Income Tax Paid | 1.84M | 1.84M | 793.00K | 2.58M | 2.76M | 3.20M |
| Change in Working Capital | 31.36M | 31.36M | 8.73M | 4.22M | 2.02M | 2.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.83M | 57.72M | 31.42M | 49.99M | 47.68M | 49.93M |
| Enterprise Value | 21.64M | 66.00M | 48.33M | 65.89M | 64.41M | 73.95M |
| PE Ratio | 3.88 | 10.28 | 42.34 | 12.86 | ||
| PS Ratio | 0.10 | 0.27 | 0.17 | 0.27 | 0.25 | 0.25 |
| PB Ratio | 0.18 | 0.48 | 0.28 | 0.47 | 0.47 | 0.35 |
| P/FCF Ratio | 0.67 | 1.78 | 6.87 | 19.66 | 7.54 | 50.90 |
| P/OCF Ratio | 0.66 | 1.76 | 6.54 | 19.07 | 7.39 | 45.89 |
| EV/Sales Ratio | 0.10 | 0.31 | 0.26 | 0.35 | 0.34 | 0.37 |
| EV/EBITDA Ratio | 1.93 | 5.87 | 22.37 | 19.63 | 13.04 | 9.61 |
| EV/EBIT Ratio | 2.00 | 6.11 | 26.94 | 24.37 | 15.91 | 11.06 |
| EV/FCF Ratio | 0.67 | 2.04 | 10.56 | 25.92 | 10.18 | 75.38 |
| Debt / Equity Ratio | 0.36 | 0.36 | 0.34 | 0.34 | 0.35 | 0.24 |
| Debt / EBITDA Ratio | 3.50 | 3.50 | 17.48 | 10.95 | 7.24 | 4.39 |
| Debt / FCF Ratio | 1.34 | 1.34 | 8.25 | 14.46 | 5.65 | 34.39 |
| Net Debt / Equity Ratio | -0.00 | -0.00 | 0.02 | 0.08 | 0.07 | 0.06 |
| Net Debt / EBITDA Ratio | -0.02 | -0.02 | 1.01 | 2.52 | 1.39 | 1.17 |
| Net Debt / FCF Ratio | -0.01 | -0.01 | 0.48 | 3.33 | 1.09 | 9.16 |
| Quick Ratio | 1.09 | 1.09 | 1.01 | 0.93 | 0.81 | 0.75 |
| Current Ratio | 1.49 | 1.49 | 1.41 | 1.30 | 1.28 | 1.27 |
| Asset Turnover | 0.52 | 0.52 | 0.49 | 0.50 | 0.49 | 0.49 |
| Return on Equity (ROE) | 5.20% | 5.20% | -1.28% | -0.16% | 1.25% | 2.99% |
| Return on Assets (ROA) | 1.65% | 1.65% | 0.29% | 0.45% | 0.66% | 1.03% |
| Return on Invested Capital (ROIC) | 5.32% | 5.39% | 1.23% | 1.92% | 1.88% | 3.05% |
| Earnings Yield | 25.74% | 10.42% | -4.43% | -0.34% | 3.20% | 8.57% |
| FCF Yield | 148.49% | 56.14% | 14.56% | 5.08% | 13.27% | 1.97% |
| Dividend Yield | 1.87% | 1.30% | 0.82% | 0.86% | 0.82% | |
| Payout Ratio | 13.41% | 52.92% | 18.85% | |||
| Buyback Yield / Dilution | 0.01% | 0.01% | 0.02% | -0.07% | 6.55% | |
| Total Shareholder Return | 1.88% | 0.01% | 1.32% | 0.75% | 0.86% | 7.36% |