Atlantic American (AAME)

Company Profile

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 are American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company.

Company profile

Ticker

AAME

Exchange

NASDAQ

Website

www.atlam.com

CEO

Hilton H. Howell

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Third Party Administration of Insurance and Pension Funds

Industry (SIC)

Life Insurance

Metlife • Prudential Financial • Corebridge Financial • Jackson Financial • Brighthouse Financial • Lincoln National • Voya Financial • Genworth Financial • Athene Holding • Protective Life ...

SEC CIK

0000008177

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

581027114

AAME stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

8 Nov 22

Atlantic American Corporation Reports Third Quarter Results for 2022

12 Aug 22

Atlantic American Corporation Reports Second Quarter Results for 2022

12 Aug 22

8-K

Changes in Registrant's Certifying Accountant

3 Jun 22

S-8

Registration of securities for employees

31 May 22

8-K

Departure of Directors or Certain Officers

11 May 22

Atlantic American Corporation Reports First Quarter Results for 2022

11 May 22

DEF 14A

Definitive proxy

13 Apr 22

Latest ownership filings

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HILTON H HOWELL JR

13 Feb 23

Robin Robinson Howell

Robin Robinson Howell

Jeffrey Ross Franklin

8 Sep 22

Financial summary

Financial statements Chart AAME financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	21.88 mm	21.88 mm	21.88 mm	21.88 mm	21.88 mm	21.88 mm
Cash burn (monthly)	(no burn)	(no burn)	316.33 k	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	1.88 mm	n/a	n/a	n/a
Cash remaining	n/a	n/a	19.99 mm	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	63.2	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

AAME institutional ownership history Ownership history

5.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	17	18	-5.6%
Opened positions	1	1	–
Closed positions	2	2	–
Increased positions	5	6	-16.7%
Reduced positions	4	3	+33.3%

13F shares	Current	Prev Q	Change
Total value	3.20 mm	2.95 mm	+8.4%
Total shares	1.12 mm	1.11 mm	+1.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	450.35 k	$1.29 mm	-6.0%
Bridgeway Capital Management	201.56 k	$576.00 k	0.0%
Vanguard	124.37 k	$356.00 k	0.0%
Geode Capital Management	55.55 k	$158.00 k	0.0%
Susquehanna International	46.85 k	$134.00 k	NEW
Foster Victor Wealth Advisors	44.00 k	$125.00 k	+17.3%
Renaissance Technologies	31.60 k	$90.00 k	-5.1%
NTRS Northern Trust	29.39 k	$84.00 k	+5.3%
Gratus Capital	27.95 k	$80.00 k	0.0%
BLK Blackrock	27.04 k	$78.00 k	-1.3%

Largest transactions	Shares	Bought/sold	Change
Susquehanna International	46.85 k	+46.85 k	NEW
Dimensional Fund Advisors	450.35 k	-28.63 k	-6.0%
Balentine	0.00	-15.83 k	EXIT
Foster Victor Wealth Advisors	44.00 k	+6.50 k	+17.3%
Tower Research Capital	7.94 k	+4.17 k	+110.6%
UBS UBS Group AG - Registered Shares	5.86 k	+2.97 k	+103.2%
Renaissance Technologies	31.60 k	-1.70 k	-5.1%
NTRS Northern Trust	29.39 k	+1.48 k	+5.3%
Advisor	0.00	-1.00 k	EXIT
BLK Blackrock	27.04 k	-345.00	-1.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AAME insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Dec 22	Harriett J Robinson	Common Stock	Sell	Dispose S	Yes	No	3	300,000	900.00 k	0
30 Dec 22	Harriett J Robinson	Common Stock	Buy	Acquire P	No	No	3	300,000	900.00 k	1,130,259
11 Nov 22	Howell Hilton H JR	Common Stock	Grant	Acquire A	Yes	No	0	10,000	0.00	64,443
11 Nov 22	Howell Robin Robinson	Common Stock	Grant	Acquire A	No	No	0	10,000	0.00	31,900
1 May 22	Howell Robin Robinson	Common Stock	Other	Dispose J	Yes	No	0	30,368	0.00	0
1 May 22	Howell Hilton H JR	Common Stock	Other	Dispose J	Yes	No	0	30,368	0.00	34,075

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries

10 Mar 23

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a" (Excellent) of American Southern Insurance Company (Topeka, KS) and its wholly