From GlobeNewswire: 2024-04-01 16:12:00

Atlantic American Corporation reported a net loss of $2.2 million in Q4 2023, compared to $1.0 million in Q4 2022. For the full year 2023, the company reported a net loss of $0.2 million vs. net income of $1.5 million in 2022. Operating income decreased due to higher insurance benefits and losses incurred. (50 words)

Chairman Hilton H. Howell, Jr. noted investments in talent and technology to boost Life and Health segment results. Some inflationary pressure in Property and Casualty was overcome by disciplined underwriting. The annual dividend of $0.02 per share was recently approved. Key subsidiary companies include American Southern Insurance and Bankers Fidelity Life. (47 words)

Atlantic American Corporation defines operating income as net income excluding certain factors. They believe this is a useful metric for investors to assess core operating results. Forward-looking statements in the press release highlight potential risks and uncertainties. The company’s financial data shows a decrease in income before taxes for the fourth quarter. (50 words)



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