Atlantic American Corporation Reports Q1 2025 Results with Net Income of $0.8M, Up from Net Loss of $2M in Q1 2024.

Atlantic American Corporation reported a net income of $0.8 million, or $0.03 per diluted share, for Q1 2025, compared to a net loss of $2.0 million in Q1 2024. The increase in net income was primarily due to an increase in premium revenue and favorable loss experience in the life and health operations. Operating income for Q1 2025 was $0.3 million, compared to an operating loss of $2.4 million in Q1 2024.

Title: Atlantic American Corporation Reports Strong Q1 2025 Results

Atlantic American Corporation (AAME) reported a significant turnaround in the first quarter of 2025, posting a net income of $0.8 million, or $0.03 per diluted share, compared to a net loss of $2.0 million in the same period last year. The improvement was driven by a 5.3% increase in premium revenue to $46.9 million, primarily from strong performance in life and health operations. Operating income for Q1 2025 was $0.3 million, reversing a $2.4 million loss from the previous year.

The company's life and health premiums increased to $28.6 million from $26.7 million, while property and casualty premiums grew modestly to $18.3 million from $17.9 million. However, the loss dynamics between segments tell a more complex story - life and health losses decreased by $1.8 million, improving profitability, while property and casualty losses increased by $1.8 million, hurting profitability. The balance sheet remained stable with total assets of $388.4 million and shareholders' equity of $102.4 million, resulting in a book value of $4.80 per share, up from $4.61 at year-end 2024.

Management expects recent rate adjustments in the property and casualty segment to positively impact future results. Hilton H. Howell, Jr., Chairman, President, and Chief Executive Officer, commented, "We are pleased to report strong quarterly results, highlighted by improved profitability and solid growth in insurance premiums. New business momentum within our life and health segments remains robust, reinforcing our confidence in the Company’s long-term growth trajectory."

Atlantic American Corporation is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries. Its principal insurance subsidiaries include American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company, and Atlantic Capital Life Assurance Company.

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