Atlantic American Corporation (AAME)

Atlantic American Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	178.73	178.83	185.44	184.22	183.54
Total Interest & Dividend Income	9.79	10.06	9.93	8.53	7.74
Gain (Loss) on Sale of Investments	-0.31	-2.11	-7.53	6.8	3.99
Other Revenue	0.01	0.02	0.01	0.01	0.08
Total Revenue	188.23	186.79	187.85	199.55	195.35
Revenue Growth (YoY)	0.77%	-0.56%	-5.87%	2.15%	-1.43%
Policy Benefits	125.83	122.5	123.46	131.69	119.88
Policy Acquisition & Underwriting Costs	48.03	46.12	46.71	47.5	46.81
Other Operating Expenses	16.21	15.47	13.63	13.68	11.55
Total Operating Expenses	190.07	184.09	183.8	192.87	178.24
Operating Income	-1.85	2.7	4.05	6.69	17.11
Interest Expense	-3.42	-3.27	-1.95	-1.39	-1.61
EBT Excluding Unusual Items	-5.26	-0.57	2.1	5.3	15.5
Pretax Income	-5.26	-0.57	2.1	5.3	15.5
Income Tax Expense	-1	-0.39	0.57	1.02	3.33
Net Income	-4.27	-0.17	1.53	4.28	12.17
Preferred Dividends & Other Adjustments	0.4	0.4	0.4	0.4	0.4
Net Income to Common	-4.67	-0.57	1.13	3.88	11.77
Net Income Growth	-	-	-64.38%	-64.82%	-
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	22
Shares Change (YoY)	-0.02%	0.07%	-	-6.55%	7.71%
EPS (Basic)	-0.23	-0.03	0.06	0.19	0.58
EPS (Diluted)	-0.23	-0.03	0.06	0.19	0.56
EPS Growth	-	-	-70.94%	-65.93%	-
Free Cash Flow	4.58	2.54	6.33	0.98	8.74
Free Cash Flow Per Share	0.22	0.13	0.31	0.05	0.40
Dividend Per Share	0.020	0.020	0.020	0.020	0.020
Operating Margin	-0.98%	1.45%	2.15%	3.35%	8.76%
Profit Margin	-2.48%	-0.30%	0.60%	1.94%	6.02%
Free Cash Flow Margin	2.43%	1.36%	3.37%	0.49%	4.47%
EBITDA	-1.48	3.36	4.94	7.69	18.09
EBITDA Margin	-0.79%	1.80%	2.63%	3.85%	9.26%
D&A For EBITDA	0.37	0.65	0.89	1	0.98
EBIT	-1.85	2.7	4.05	6.69	17.11
EBIT Margin	-0.98%	1.45%	2.15%	3.35%	8.76%
Effective Tax Rate	-	-	27.24%	19.26%	21.51%
Revenue as Reported	188.23	186.79	187.85	199.55	195.35

Updated Mar 25, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q