ATLANTIC AMERICAN CORP SEC 10-Q Report
Atlantic American Corp's Q3 2025 10-Q report shows significant financial improvements. Total revenue increased to $53.8 million from $44.5 million, with net income at $0.6 million, reversing a prior loss. Operating income rose to $1.6 million. American Southern's premiums grew by 38.8%, and Bankers Fidelity's by 6.9%. Combined ratios improved, indicating better underwriting. The company expects continued premium growth and operational improvements to enhance future financial performance.
Atlantic American Corp, a diversified holding company engaged in specialty insurance markets, has released its Form 10-Q report for the quarter ended September 30, 2025. The report highlights significant improvements in both financial and operational performance, driven by increased premium revenue and improved underwriting results across its business segments.
Financial Highlights
- Total Revenue: $53.8 million, reflecting an increase from $44.5 million in the prior year period, driven by higher premium revenue in both property and casualty operations and life and health operations.
- Net Income: $0.6 million, compared to a net loss of $2.0 million in the prior year period, primarily due to increased premium revenue and unrealized gains on equity securities.
- Net Income Per Share (basic and diluted): $0.02, compared to a loss of $0.10 per share in the prior year period, reflecting improved profitability.
- Operating Income: $1.6 million, compared to an operating loss of $0.7 million in the prior year period, driven by increased premium revenue and improved underwriting results.
Business Highlights
- Revenue Segments: American Southern's net earned premiums increased by 38.8% during the three months ended September 30, 2025, primarily due to a rate increase in the automobile liability line and increased premiums in the inland marine and automobile physical damage lines.
- Revenue Segments: Bankers Fidelity's net earned premiums rose by 6.9% in the three months ended September 30, 2025, driven by new sales in the Medicare supplement and group accident and health lines.
- Operational Performance: American Southern's combined ratio improved to 97.9% for the three months ended September 30, 2025, indicating an underwriting profit, compared to 109.8% in the same period in 2024.
- Operational Performance: Bankers Fidelity achieved a combined ratio of 96.1% for the nine months ended September 30, 2025, reflecting improved underwriting results compared to 103.1% in the same period in 2024.
- Future Outlook: The company anticipates continued growth in premium revenue, particularly in the automobile liability and Medicare supplement lines, supported by new sales and rate increases.
- Future Outlook: Management expects the operational improvements and premium growth trends to positively impact the company's financial performance in the upcoming quarters.
SEC Filing: ATLANTIC AMERICAN CORP [ AAME ] - 10-Q - Nov. 14, 2025
