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Atlantic American Corporation(AAME)Earnings, Financials & Key Ratios
AAME•NASDAQ•Insurance & Managed Care
Price updated Jun 19, 2026
AboutAtlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products. The company also provides surety bond coverage for subdivision construction, school bus contracts, as well as performance and payment bonds. In addition, the company provides individual and group whole life insurance, as well as medicare supplement insurance products; and other accident and health insurance coverages, include various individual and group policies for the payment of standard benefits for the treatment of diagnosed cancer and other critical illnesses, as well as various other policies, such as short-term nursing facility care, accident expense, hospital indemnity, and disability coverages. It markets its products through independent agents and brokers. The company was founded in 1937 and is headquartered in Atlanta, Georgia.Show more
- Revenue$188M+0.8%
- Combined Ratio102.8%+2.5%
- Net Income-$4M-2395.9%
- Return on Equity-4.13%-2426.6%
- Medical Cost Ratio92.37%+2.3%
- Operating Margin-2.8%-824.6%
- Net Margin-2.27%-2376.9%
- ROA-1.1%-2311.2%
- Equity / Assets25.32%-10.0%
AAME Key Insights
Atlantic American Corporation (AAME) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.4x book value
✗Weaknesses
- ✗Profits declining 61.7% over 5 years
- ✗Weak momentum: RS Rating 15 (bottom 15%)
- ✗High loss ratio of 92.4%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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AAME Price & Volume
Atlantic American Corporation (AAME) stock price & volume — 10-year historical chart
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AAME Growth Metrics
Atlantic American Corporation (AAME) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.24%
5 Years-1.03%
3 Years-1.93%
TTM11.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM173.93%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM165.35%
Return on Capital
10 Years1.39%
5 Years0.86%
3 Years-0.33%
Last Year-1.37%
AAME Peer Comparison
Atlantic American Corporation (AAME) competitors in Group and voluntary benefits insurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SNFCA | 203.54M | 9.56 | 7.59 | 41.06% | 20.78% | 8.95% | 0.24 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 KFRC | 829.64M | 45.39 | 23.16 | -5.43% | 2.6% | 27.22% | 0.56 | |
 GL | 13.4B | 170.76 | 12.15 | 3.82% | 19.36% | 20.64% | 0.44 | |
 CNO | 4.76B | 50.83 | 21.63 | 0.94% | 4.94% | 8.6% | 1.54 | |
 FG | 3.73B | 27.49 | 14.62 | 5.72% | 9.11% | 11.15% | 0.45 | |
 NWBI | 2.12B | 14.48 | 15.74 | 16.3% | 14.37% | 7.18% | 0.24 | |
 PLMR | 2.96B | 111.70 | 15.58 | 58.16% | 20.15% | 21.74% | 0.01 |
Compare AAME vs Peers
Atlantic American Corporation (AAME) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AAME Income Statement
Atlantic American Corporation (AAME) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 166.08M | 181.11M | 185.55M | 198.18M | 195.35M | 199.55M | 187.85M | 186.79M | 188.23M | 208.22M |
Revenue Growth % | 0.08% | 9.05% | 2.45% | 6.8% | -1.43% | 2.15% | -5.86% | -0.56% | 0.77% | 11.99% |
Medical Costs & Claims | 147.99M | 160.96M | 171.69M | 184.7M | 166.69M | 179.19M | 170.17M | 168.62M | 173.86M | 168.86M |
Medical Cost Ratio % | 89.11% | 88.87% | 92.53% | 93.2% | 85.33% | 89.8% | 90.59% | 90.27% | 92.37% | 81.1% |
Gross Profit | 18.08M▲ 0% | 20.15M▲ 11.4% | 13.86M▼ 31.2% | 13.48M▼ 2.8% | 28.66M▲ 112.7% | 20.36M▼ 28.9% | 17.68M▼ 13.2% | 18.17M▲ 2.8% | 14.37M▼ 20.9% | 39.36M▲ 0% |
Gross Margin % | 10.89% | 11.13% | 7.47% | 6.8% | 14.67% | 10.2% | 9.41% | 9.73% | 7.63% | 18.9% |
Gross Profit Growth % | -15.25% | 11.45% | -31.22% | -2.77% | 112.67% | -28.95% | -13.17% | 2.75% | -20.93% | - |
Operating Expenses | 14.56M | 14.8M | 14.83M | 13.88M | 13.16M | 15.06M | 15.59M | 18.73M | 19.63M | 32.79M |
OpEx / Revenue % | 8.77% | 8.17% | 7.99% | 7.01% | 6.74% | 7.55% | 8.3% | 10.03% | 10.43% | 15.75% |
Depreciation & Amortization | 1.21M | 1.44M | 987K | 996K | 980K | 1M | 890K | 652K | 366K | 346K |
Combined Ratio % | 97.88% | 97.04% | 100.52% | 100.21% | 92.06% | 97.34% | 98.88% | 100.3% | 102.8% | 96.85% |
Operating Income | 3.52M▲ 0% | 5.36M▲ 52.0% | -971K▼ 118.1% | -407K▲ 58.1% | 15.5M▲ 3909.1% | 5.3M▼ 65.8% | 2.1M▼ 60.5% | -565K▼ 127.0% | -5.26M▼ 831.7% | 6.57M▲ 0% |
Operating Margin % | 2.12% | 2.96% | -0.52% | -0.21% | 7.94% | 2.66% | 1.12% | -0.3% | -2.8% | 3.15% |
Operating Income Growth % | -38.26% | 51.99% | -118.13% | 58.08% | 3909.09% | -65.8% | -60.47% | -126.96% | -831.68% | - |
EBITDA | 4.73M | 6.79M | 16K | 589K | 16.48M | 6.3M | 2.99M | 87K | -4.9M | 6.91M |
EBITDA Margin % | 2.85% | 3.75% | 0.01% | 0.3% | 8.44% | 3.16% | 1.59% | 0.05% | -2.6% | 3.32% |
Interest Expense | 1.56M | 1.72M | 2.04M | 2.13M | 1.61M | 1.39M | 1.95M | 3.27M | 3.42M | 3.15M |
Non-Operating Income | -1.56M | -1.72M | -2.04M | -2.13M | -1.61M | -1.39M | -1.95M | -3.27M | -3.42M | -3.15M |
Pretax Income | 3.52M▲ 0% | 5.36M▲ 52.0% | -971K▼ 118.1% | -407K▲ 58.1% | 15.5M▲ 3909.1% | 5.3M▼ 65.8% | 2.1M▼ 60.5% | -565K▼ 127.0% | -5.26M▼ 831.7% | 6.57M▲ 0% |
Pretax Margin % | 2.12% | 2.96% | -0.52% | -0.21% | 7.94% | 2.66% | 1.12% | -0.3% | -2.8% | 3.15% |
Income Tax | 888K | 828K | -267K | -21K | 3.33M | 1.02M | 571K | -394K | -996K | 1.46M |
Effective Tax Rate % | 25.2% | 15.46% | 27.5% | 5.16% | 21.51% | 19.26% | 27.24% | 69.73% | 18.92% | 22.21% |
Net Income | 2.64M▲ 0% | 4.53M▲ 71.8% | -704K▼ 115.5% | -386K▲ 45.2% | 12.17M▲ 3252.6% | 4.28M▼ 64.8% | 1.52M▼ 64.4% | -171K▼ 111.2% | -4.27M▼ 2395.9% | 5.11M▲ 0% |
Net Margin % | 1.59% | 2.5% | -0.38% | -0.19% | 6.23% | 2.15% | 0.81% | -0.09% | -2.27% | 2.45% |
Net Income Growth % | -39.93% | 71.78% | -115.55% | 45.17% | 3252.59% | -64.82% | -64.38% | -111.21% | -2395.91% | 173.93% |
EPS (Diluted) | 0.11▲ 0% | 0.20▲ 81.8% | -0.03▼ 117.3% | -0.02▲ 45.0% | 0.56▲ 3031.9% | 0.19▼ 66.1% | 0.06▼ 70.9% | -0.03▼ 150.5% | -0.23▼ 724.4% | 0.23▲ 0% |
EPS Growth % | -42.11% | 81.82% | -117.35% | 44.96% | 3031.94% | -66.07% | -70.95% | -150.54% | -724.37% | 165.35% |
EPS (Basic) | 0.11 | 0.20 | -0.03 | -0.02 | 0.58 | 0.19 | 0.06 | -0.03 | -0.23 | - |
Diluted Shares Outstanding | 23.96M | 22.64M | 20.28M | 20.26M | 21.82M | 20.4M | 20.39M | 20.4M | 20.4M | 21.77M |
AAME Balance Sheet
Atlantic American Corporation (AAME) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 318.6M | 343.24M | 344.27M | 377.63M | 405.19M | 402.29M | 367.06M | 381.26M | 393.43M | 430.86M |
Asset Growth % | 1.27% | 7.73% | 0.3% | 9.69% | 7.3% | -0.72% | -8.76% | 3.87% | 3.19% | 31.95% |
Total Investment Assets | 232.16M | 239.7M | 241.93M | 489.1M | 279.31M | 542.33M | 430.26M | 237.07M | 221.75M | 4M |
Long-Term Investments | 232.16M | 239.7M | 232.38M | 256.63M | 274.06M | 281.35M | 221.53M | 228.87M | 221.75M | 882.24M |
Short-Term Investments | 0 | 0 | 210.39M | 232.47M | 254.11M | 260.99M | 208.73M | 37.34M | 0 | 44.77M |
Total Current Assets | 13.25M | 24.55M | 12.63M | 290.63M | 0 | 328.11M | 28.86M | 0 | 35.57M | 34.44M |
Cash & Equivalents | 257.43M | 272.06M | 12.63M | 12.89M | 19.32M | 24.75M | 28.86M | 28.3M | 35.57M | 34.44M |
Receivables | 0 | 0 | 0 | 45.27M | 56.6M | 42.38M | 41.3M | 44.79M | 50.4M | 208.45M |
Other Current Assets | 0 | 0 | 0 | 26.03M | -330.02M | 41.45M | -202M | -110.44M | -50.4M | -42.4M |
Goodwill & Intangibles | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 2.54M | 10.18M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 2.54M | 2.54M | 2.54M | 2.54M | 0 | 2.54M | 2.54M | 0 | 2.54M | 2.54M |
PP&E (Net) | -160K | -593K | -4.18M | 258.86M | 0 | 282.14M | 3.4M | 0 | 5.22M | 0 |
Other Assets | -173.54M | -171.06M | -145.21M | -259.18M | -276.6M | -283.89M | -224.93M | -231.41M | -247.19M | -210.3M |
Total Liabilities | 213.09M | 230.26M | 242.9M | 259.23M | 260.13M | 261M | 264.87M | 273.99M | 293.81M | 321.37M |
Total Debt | 33.74M | 33.74M | 33.74M | 33.74M | 33.74M | 33.74M | 35.75M | 36.76M | 37.76M | 37.76M |
Net Debt | -223.69M | -238.32M | 21.11M | 20.84M | 14.42M | 8.98M | 6.88M | 8.46M | 2.19M | 3.31M |
Long-Term Debt | 33.74M | 33.74M | 33.74M | 33.74M | 33.74M | 33.74M | 35.75M | 33.74M | 33.74M | 37.76M |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.03M | 1.05M | 3.02M | 4.02M | 4.02M |
Total Current Liabilities | 179.36M | 196.52M | 209.16M | 49.31M | 0 | 1.75M | 2.01M | 0 | 4.02M | 150.44M |
Accounts Payable | 0 | 0 | 0 | 23.59M | 0 | 25.46M | 26.47M | 0 | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 314K | 0 | 0 | -24.46M | 0 | 0 | 36.87M |
Other Current Liabilities | -16.68M | -22.34M | -20.12M | 25.41M | 0 | -24.74M | -1.05M | -3.02M | 0 | 109.55M |
Deferred Taxes | -1000K | 593K | 875K | 1000K | 1000K | 1000K | 919K | 0 | 0 | 0 |
Other Liabilities | 9.71M | 196.52M | 0 | 0 | -35.04M | -33.74M | 229.12M | -33.74M | 256.05M | 256.32M |
Total Equity | 105.51M▲ 0% | 112.98M▲ 7.1% | 101.37M▼ 10.3% | 118.39M▲ 16.8% | 145.06M▲ 22.5% | 141.29M▼ 2.6% | 102.19M▼ 27.7% | 107.28M▲ 5.0% | 99.61M▼ 7.1% | 109.49M▲ 0% |
Equity Growth % | 2.94% | 7.09% | -10.28% | 16.79% | 22.52% | -2.6% | -27.67% | 4.97% | -7.14% | 1.44% |
Shareholders Equity | 105.51M | 112.98M | 101.37M | 118.39M | 145.06M | 141.29M | 102.19M | 107.28M | 99.61M | 109.49M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 27.27M | 30.99M | 37.21M | 36.02M | 47.79M | 51.26M | 51.98M | 50.93M | 45.85M | 49.84M |
Common Stock | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M | 22.4M |
Accumulated OCI | 5.83M | 9.75M | -7.54M | 10.46M | 25M | 17.69M | -22.15M | -16.12M | -18.71M | -12.82M |
Return on Equity (ROE) | 2.53% | 4.14% | -0.66% | -0.35% | 9.24% | 2.99% | 1.25% | -0.16% | -4.13% | 4.89% |
Return on Assets (ROA) | 0.83% | 1.37% | -0.2% | -0.11% | 3.11% | 1.06% | 0.4% | -0.05% | -1.1% | 1.24% |
Equity / Assets | 33.12% | 32.92% | 29.45% | 31.35% | 35.8% | 35.12% | 27.84% | 28.14% | 25.32% | 25.41% |
Debt / Equity | 0.32x | 0.30x | 0.33x | 0.28x | 0.23x | 0.24x | 0.35x | 0.34x | 0.38x | 0.34x |
Book Value per Share | 4.40 | 4.99 | 5.00 | 5.84 | 6.65 | 6.93 | 5.01 | 5.26 | 4.88 | 5.03 |
Tangible BV per Share | 4.30 | 4.88 | 4.87 | 5.72 | 6.65 | 6.80 | 4.89 | 5.26 | 4.76 | 4.91 |
AAME Cash Flow Statement
Atlantic American Corporation (AAME) cash flow — operating, investing & free cash flow history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.32M | 2.63M | 4.46M | -1.81M | 8.97M | 1.09M | 6.45M | 2.62M | 4.8M | 24.81M |
Operating CF Growth % | -40.43% | 100.15% | 69.32% | -140.52% | 596.46% | -87.87% | 493.11% | -59.37% | 83.07% | 9552.63% |
Operating CF / Revenue % | 0.79% | 1.45% | 2.4% | -0.91% | 4.59% | 0.55% | 3.44% | 1.4% | 2.55% | 11.92% |
Net Income | 2.64M | 4.53M | -704K | -386K | 12.17M | 4.28M | 1.52M | -171K | -4.27M | 5.11M |
Depreciation & Amortization | 1.21M | 1.44M | 987K | 996K | 980K | 1M | 890K | 652K | 366K | -349K |
Stock-Based Compensation | 586K | 495K | 244K | 353K | 437K | 211K | 134K | 119K | 11K | 4K |
Deferred Taxes | -2K | -1.36M | -2.24M | -913K | -2.25M | -1.11M | -1.82M | -3.12M | -1.75M | 141K |
Other Non-Cash Items | -3.69M | -12.85M | 3.15M | -13.48M | -2.81M | -7.01M | 2.79M | -738K | 54K | 59K |
Working Capital Changes | 576K | 10.38M | 3.02M | 11.62M | 443K | 3.72M | 2.94M | 5.88M | 10.38M | 19.85M |
Cash from Investing | -2.23M | 10.13M | -14.79M | 3.01M | -2.06M | 5.3M | -3.43M | -3.37M | 2.28M | -12.59M |
Capital Expenditures | -396K | -103K | -281K | -69K | -233K | -107K | -126K | -80K | -225K | -564K |
Acquisitions | 1.84M | -10.23M | 14.51M | 0 | 1.83M | -5.41M | 3.3M | 0 | 0 | 0 |
Purchase of Investments | -75.07M | -84.55M | -49.55M | -124.03M | -27.49M | -35.29M | -17.01M | 0 | -13.85M | -15.96M |
Sale/Maturity of Investments | 73.23M | 94.78M | 35.05M | 127.11M | 25.66M | 40.7M | 13.71M | 0 | 16.36M | 22.53M |
Other Investing | -1.84M | 10.23M | -14.51M | 0 | -1.83M | 5.41M | -3.3M | -3.29M | 0 | -18.59M |
Cash from Financing | -1.45M | -1.47M | -1.59M | -939K | -481K | -954K | 1.08M | 181K | 186K | -811K |
Dividends Paid | -807K | -807K | -806K | -802K | -399K | -807K | -807K | -807K | -807K | -807K |
Share Repurchases | -698K | -692K | -820K | -71K | -91K | -153K | -108K | -12K | -7K | -4K |
Stock Issued | 51K | 32K | 36K | 0 | 9K | 6K | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | -1000K |
Other Financing | 51K | 32K | 36K | -66K | 0 | 0 | 0 | 0 | 0 | 993K |
Net Change in Cash | -2.37M▲ 0% | 11.29M▲ 576.6% | -11.92M▼ 205.5% | 263K▲ 102.2% | 6.43M▲ 2343.3% | 5.43M▼ 15.4% | 4.11M▼ 24.4% | -562K▼ 113.7% | 7.27M▲ 1393.4% | 11.41M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 15.62M | 13.25M | 24.55M | 12.63M | 12.89M | 19.32M | 24.75M | 28.86M | 28.3M | 46.42M |
Cash at End | 13.25M | 24.55M | 12.63M | 12.89M | 19.32M | 24.75M | 28.86M | 28.3M | 35.57M | 34.44M |
Free Cash Flow | 920K▲ 0% | 2.53M▲ 175.1% | 4.18M▲ 65.1% | -1.88M▼ 144.9% | 8.74M▲ 565.8% | 981K▼ 88.8% | 6.33M▲ 545.0% | 2.54M▼ 59.8% | 4.58M▲ 80.0% | 24.25M▲ 0% |
FCF Growth % | -51.25% | 175.11% | 65.11% | -144.89% | 565.78% | -88.77% | 544.95% | -59.82% | 79.98% | 1876.12% |
FCF Margin % | 0.55% | 1.4% | 2.25% | -0.95% | 4.47% | 0.49% | 3.37% | 1.36% | 2.43% | 11.65% |
FCF per Share | 0.04 | 0.11 | 0.21 | -0.09 | 0.4 | 0.05 | 0.31 | 0.12 | 0.22 | 1.11 |
AAME Key Ratios
Atlantic American Corporation (AAME) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Combined Ratio | 97.88% | 97.04% | 100.52% | 100.21% | 92.06% | 97.34% | 98.88% | 100.3% | 102.8% | 96.85% |
Medical Cost Ratio | 89.11% | 88.87% | 92.53% | 93.2% | 85.33% | 89.8% | 90.59% | 90.27% | 92.37% | 81.1% |
Return on Equity (ROE) | 2.53% | 4.14% | -0.66% | -0.35% | 9.24% | 2.99% | 1.25% | -0.16% | -4.13% | 4.89% |
Return on Assets (ROA) | 0.83% | 1.37% | -0.2% | -0.11% | 3.11% | 1.06% | 0.4% | -0.05% | -1.1% | 1.24% |
Equity / Assets | 33.12% | 32.92% | 29.45% | 31.35% | 35.8% | 35.12% | 27.84% | 28.14% | 25.32% | 25.41% |
Book Value / Share | 4.4 | 4.99 | 5 | 5.84 | 6.65 | 6.93 | 5.01 | 5.26 | 4.88 | 5.03 |
Debt / Equity | 0.32x | 0.30x | 0.33x | 0.28x | 0.23x | 0.24x | 0.35x | 0.34x | 0.38x | 0.34x |
Revenue Growth | 0.08% | 9.05% | 2.45% | 6.8% | -1.43% | 2.15% | -5.86% | -0.56% | 0.77% | 11.99% |
Related:AAME Dividend History·AAME Revenue History·AAME Price History·AAME P/E History·AAME Financial Ratios·AAME Institutional Holders
AAME SEC Filings & Documents
Atlantic American Corporation (AAME) SEC filings — annual & quarterly reports (10-K, 10-Q)
AAME Frequently Asked Questions
Atlantic American Corporation (AAME) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Atlantic American Corporation (AAME) grew revenue by 0.8% over the past year. Growth has been modest.
Yes, Atlantic American Corporation (AAME) is profitable, generating $5.1M in net income for fiscal year 2024 (-2.3% net margin).
Dividend & Returns
Yes, Atlantic American Corporation (AAME) pays a dividend with a yield of 1.07%. This makes it attractive for income-focused investors.
Atlantic American Corporation (AAME) has a return on equity (ROE) of -4.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Atlantic American Corporation (AAME) has a combined ratio of 102.8%. A ratio above 100% means claims and expenses exceed premiums.