# Atlantic American Corporation (AAME)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $36M  
**Price:** $1.76 (-1.12%)

> Atlantic American Corporation is an insurance holding company that provides life, health, and property and casualty insurance products through its operating subsidiaries. Atlantic American Corporation serves policyholders through Bankers Fidelity in the life and health insurance market and American Southern in the property and casualty segment, with additional corporate and other activities supporting the business. The company focuses on underwriting and managing specialty insurance offerings for individuals and organizations across the United States. Its role in the financial market is centered on delivering risk protection solutions and maintaining a diversified insurance structure across multiple lines of coverage. Atlantic American Corporation is headquartered in Atlanta, Georgia, and operates as a niche insurer with a business model built around specialized insurance distribution and policy administration.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2024 | $188M | — | -$5M | -$4M | — |
| 2023 | $187M | — | $2M | -$171,000 | — |
| 2022 | $188M | — | $10M | $2M | — |
| 2021 | $200M | — | -$1M | $4M | — |
| 2020 | $195M | — | $12M | $12M | — |
| 2019 | $198M | — | -$7M | -$386,000 | — |
| 2018 | $186M | — | -$4M | -$704,000 | — |
| 2017 | $181M | — | -$4M | $5M | — |
| 2016 | $166M | — | $929,000 | $3M | — |
| 2015 | $166M | — | $851,000 | $4M | — |
| 2014 | $166M | — | $3M | $4M | — |
| 2013 | $165M | — | $2M | $11M | — |
| 2012 | $140M | — | $4M | $4M | — |
| 2011 | $118M | — | $3M | $3M | — |
| 2010 | $107M | — | $621,000 | $990,000 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2024 | $393M | $294M | $100M | $36M | — |
| 2023 | $381M | $274M | $107M | $28M | — |
| 2022 | $367M | $265M | $102M | $29M | — |
| 2021 | $402M | $261M | $141M | $25M | — |
| 2020 | $405M | $260M | $145M | $19M | — |
| 2019 | $378M | $259M | $118M | $13M | — |
| 2018 | $344M | $243M | $101M | $13M | — |
| 2017 | $343M | $230M | $113M | $25M | — |
| 2016 | $319M | $213M | $106M | $13M | — |
| 2015 | $315M | $212M | $102M | $16M | — |
| 2014 | $317M | $213M | $104M | $16M | — |
| 2013 | $319M | $218M | $101M | $33M | — |
| 2012 | $320M | $214M | $106M | $19M | — |
| 2011 | $302M | $206M | $96M | $21M | — |
| 2010 | $278M | $195M | $83M | $28M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2024 | $5M | $225,000 | $5M |
| 2023 | $3M | $80,000 | $3M |
| 2022 | $6M | $126,000 | $6M |
| 2021 | $1M | $107,000 | $981,000 |
| 2020 | $9M | $233,000 | $9M |
| 2019 | -$2M | $69,000 | -$2M |
| 2018 | $4M | $281,000 | $4M |
| 2017 | $12M | $103,000 | $12M |
| 2016 | $1M | $396,000 | $920,000 |
| 2013 | $13M | $1M | $12M |
| 2012 | $6M | $169,000 | $6M |
| 2011 | $9M | $56,000 | $9M |
| 2010 | $5M | $50,000 | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AAME)