Atlantic American (AAME) 10-Q 12 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 06, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ATLANTIC AMERICAN CORP
Entity Central Index Key	8,177
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		20,592,690
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 32,927	$ 16,375
Investments:
Fixed maturities (cost: $197,833 and $207,568)	198,220	214,888
Common and non-redeemable preferred stocks (cost: $11,969 and $11,969)	22,713	18,924
Other invested assets (cost: $2,382 and $2,995)	2,382	2,995
Policy loans	2,161	2,202
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	226,752	240,285
Receivables:
Reinsurance	13,752	14,348
Insurance premiums and other (net of allowance for doubtful accounts: $443 and $439)	18,195	10,728
Deferred acquisition costs	27,447	26,981
Other assets	5,608	5,747
Intangibles	2,544	2,544
Total assets	327,225	317,008
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	71,108	70,845
Unearned premiums	32,276	24,544
Losses and claims	64,812	66,625
Other policy liabilities	1,379	2,080
Total insurance reserves and policyholder funds	169,575	164,094
Accounts payable and accrued expenses	18,032	13,586
Deferred income taxes, net	338	1,395
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	$ 221,683	$ 212,813
Commitments and contingencies (Note 7)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value	$ 55	$ 55
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 20,609,013 and 20,600,039	22,401	22,401
Additional paid-in capital	56,613	56,491
Retained earnings	25,291	21,866
Accumulated other comprehensive income	7,235	9,279
Unearned stock grant compensation	(514)	(460)
Treasury stock, at cost: 1,791,881 and 1,800,855 shares	(5,539)	(5,437)
Total shareholders' equity	105,542	104,195
Total liabilities and shareholders' equity	$ 327,225	$ 317,008

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments:
Fixed maturities, cost	$ 197,833	$ 207,568
Common and non-redeemable preferred stocks, cost	11,969	11,969
Other invested assets, cost	2,382	2,995
Receivables:
Insurance premiums and other, allowance for doubtful accounts	$ 443	$ 439
Shareholders' equity:
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	4,000,000	4,000,000
Preferred stock, shares issued (in shares)	55,000	55,000
Preferred stock, shares outstanding (in shares)	55,000	55,000
Preferred stock, redemption value	$ 5,500	$ 5,500
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	22,400,894	22,400,894
Common stock, shares outstanding (in shares)	20,609,013	20,600,039
Treasury stock, at cost (in shares)	1,791,881	1,800,855

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Insurance premiums	$ 38,104	$ 38,456	$ 75,490	$ 76,874
Investment income	2,494	2,599	5,091	5,197
Realized investment gains, net	4,148	485	5,099	593
Other income	26	46	41	82
Total revenue	44,772	41,586	85,721	82,746
Benefits and expenses:
Insurance benefits and losses incurred	26,383	27,069	51,624	53,897
Commissions and underwriting expenses	10,487	10,074	21,208	19,981
Interest expense	354	434	703	863
Other expense	3,359	3,023	6,987	6,026
Total benefits and expenses	40,583	40,600	80,522	80,767
Income before income taxes	4,189	986	5,199	1,979
Income tax expense	844	109	1,163	282
Net income	3,345	877	4,036	1,697
Preferred stock dividends	(100)	(118)	(199)	(236)
Net income applicable to common shareholders	$ 3,245	$ 759	$ 3,837	$ 1,461
Earnings per common share (basic) (in dollars per share)	$ 0.16	$ 0.04	$ 0.19	$ 0.07
Earnings per common share (diluted) (in dollars per share)	$ 0.15	$ 0.04	$ 0.18	$ 0.07

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income		$ 3,345	$ 877	$ 4,036	$ 1,697
Available-for-sale securities:
Gross unrealized holding gain (loss) arising in the period		(3,766)	8,290	1,955	9,730
Related income tax effect		1,318	(2,902)	(685)	(3,406)
Less: reclassification adjustment for net realized gains included in net income (1)	[1]	(4,148)	(485)	(5,099)	(593)
Related income tax effect (2)	[2]	1,452	170	1,785	208
Net effect on other comprehensive income (loss)		(5,144)	5,073	(2,044)	5,939
Total comprehensive income (loss)		$ (1,799)	$ 5,950	$ 1,992	$ 7,636
[1]	Realized gains on available-for-sale securities recognized in realized investment gains, net on the accompanying condensed consolidated statements of operations.
[2]	Income tax effect on reclassification adjustment for net realized gains included in income tax expense on the accompanying condensed consolidated statements of operations.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Unearned Stock Grant Compensation [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2013	$ 65	$ 22,401	$ 57,103	$ 18,738	$ 6,204	$ (485)	$ (3,099)	$ 100,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	1,697	0	0	0	1,697
Other comprehensive income (loss), net of tax	0	0	0	0	5,939	0	0	5,939
Dividends on common stock	0	0	0	(422)	0	0	0	(422)
Dividends accrued on preferred stock	0	0	0	(236)	0	0	0	(236)
Restricted stock grants	0	0	101	0	0	(177)	76	0
Amortization of unearned compensation	0	0	0	0	0	186	0	186
Purchase of shares for treasury	0	0	0	0	0	0	(1,513)	(1,513)
Issuance of shares under stock plans	0	0	35	0	0	0	24	59
Balance at Jun. 30, 2014	65	22,401	57,239	19,777	12,143	(476)	(4,512)	106,637
Balance at Dec. 31, 2014	55	22,401	56,491	21,866	9,279	(460)	(5,437)	104,195
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	4,036	0	0	0	4,036
Other comprehensive income (loss), net of tax	0	0	0	0	(2,044)	0	0	(2,044)
Dividends on common stock	0	0	0	(412)	0	0	0	(412)
Dividends accrued on preferred stock	0	0	0	(199)	0	0	0	(199)
Restricted stock grants	0	0	106	0	0	(184)	78	0
Amortization of unearned compensation	0	0	0	0	0	130	0	130
Purchase of shares for treasury	0	0	0	0	0	0	(191)	(191)
Issuance of shares under stock plans	0	0	16	0	0	0	11	27
Balance at Jun. 30, 2015	$ 55	$ 22,401	$ 56,613	$ 25,291	$ 7,235	$ (514)	$ (5,539)	$ 105,542

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,036	$ 1,697
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of deferred acquisition costs	5,352	5,484
Acquisition costs deferred	(5,818)	(5,159)
Realized investment gains, net	(5,099)	(593)
Increase in insurance reserves	5,481	9,424
Compensation expense related to share awards	130	186
Depreciation and amortization	567	424
Deferred income tax expense	44	153
Increase in receivables, net	(6,871)	(8,940)
Increase (decrease) in other liabilities	290	(3,080)
Other, net	(31)	(132)
Net cash used in operating activities	(1,919)	(536)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investments sold, called or matured	73,596	27,200
Investments purchased	(54,374)	(27,379)
Additions to property and equipment	(175)	(2,752)
Net cash provided by (used in) investing activities	19,047	(2,931)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of dividends on common stock	(412)	(422)
Proceeds from shares issued under stock plans	27	59
Purchase of shares for treasury	(191)	(1,513)
Net cash used in financing activities	(576)	(1,876)
Net increase (decrease) in cash and cash equivalents	16,552	(5,343)
Cash and cash equivalents at beginning of period	16,375	33,102
Cash and cash equivalents at end of period	32,927	27,759
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	703	866
Cash paid for income taxes	$ 465	$ 442

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Atlantic American Corporation (the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for audited annual financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. The unaudited condensed consolidated financial statements included herein and these related notes should be read in conjunction with the Company’s consolidated financial statements, and the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Annual Report”). The Company’s financial condition and results of operations as of and for the three month and six month periods ended June 30, 2015 are not necessarily indicative of the financial condition or results of operations that may be expected for the year ending December 31, 2015 or for any other future period. The Company’s significant accounting policies have not changed materially from those set out in the Company’s 2014 Annual Report. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2015
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards	Note 2. Recently Issued Accounting Standards In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-09, Disclosures about Short-Duration Contracts

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information	Note 3. Segment Information The Company’s primary operating subsidiaries, American Southern Insurance Company and American Safety Insurance Company (together known as “American Southern”) and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”) operate in two principal business units, each focusing on specific products. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each business unit is managed independently and is evaluated on its individual performance. The following sets forth the revenue and income before income taxes for each business unit for the three month and six month periods ended June 30, 2015 and 2014. Revenues Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 American Southern $ 15,664 $ 14,147 $ 30,436 $ 28,348 Bankers Fidelity 28,820 27,293 54,890 54,131 Corporate and Other 288 146 395 267 Total revenue $ 44,772 $ 41,586 $ 85,721 $ 82,746 Income Before Income Taxes Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 American Southern $ 1,824 $ 1,138 $ 3,673 $ 2,195 Bankers Fidelity 3,900 1,134 5,090 2,782 Corporate and Other (1,535 ) (1,286 ) (3,564 ) (2,998 ) Income before income taxes $ 4,189 $ 986 $ 5,199 $ 1,979

Junior Subordinated Debentures

Junior Subordinated Debentures	6 Months Ended
	Jun. 30, 2015
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	Note 4. Junior Subordinated Debentures The Company has two unconsolidated Connecticut statutory business trusts, which exist for the exclusive purposes of: (i) issuing trust preferred securities (“Trust Preferred Securities”) representing undivided beneficial interests in the assets of the trusts; (ii) investing the gross proceeds of the Trust Preferred Securities in junior subordinated deferrable interest debentures (“Junior Subordinated Debentures”) of Atlantic American; and (iii) engaging in those activities necessary or incidental thereto. The financial structure of each of Atlantic American Statutory Trust I and II as of June 30, 2015 was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1) (2) Principal amount owed $ 18,042 $ 23,196 Balance June 30, 2015 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance June 30, 2015 $ 18,042 $ 15,696 Net balance December 31, 2014 $ 18,042 $ 15,696 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Interest payable Quarterly Quarterly Maturity date December 4, 2032 May 15, 2033 Redeemable by issuer Yes Yes TRUST PREFERRED SECURITIES Issuance date December 4, 2002 May 15, 2003 Securities issued 17,500 22,500 Liquidation preference per security $ 1 $ 1 Liquidation value 17,500 22,500 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Distribution payable Quarterly Quarterly Distribution guaranteed by (4) Atlantic American Corporation Atlantic American Corporation (1) For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures’ respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company’s common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities. (2) The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries. (3) On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. (4) The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 5. Earnings Per Common Share A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows: Three Months Ended June 30, 2015 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 3,345 20,573 Less preferred stock dividends (100 ) - Net income applicable to common shareholders 3,245 20,573 $ .16 Diluted Earnings Per Common Share: Effect of Series D preferred stock 100 1,378 Net income applicable to common shareholders $ 3,345 21,951 $ .15 Three Months Ended June 30, 2014 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 877 20,816 Less preferred stock dividends (118 ) - Net income applicable to common shareholders $ 759 20,816 $ .04 Six Months Ended June 30, 2015 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 4,036 20,582 Less preferred stock dividends (199 ) - Net income applicable to common shareholders 3,837 20,582 $ .19 Diluted Earnings Per Common Share: Effect of Series D preferred stock 199 1,378 Net income applicable to common shareholders $ 4,036 21,960 $ .18 Six Months Ended June 30, 2014 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,697 20,944 Less preferred stock dividends (236 ) - Net income applicable to common shareholders $ 1,461 20,944 $ .07 The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings per common share calculation for the three month and six month periods ended June 30, 2014 since its impact would have been antidilutive.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes	Note 6. Income Taxes A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax expense is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Federal income tax provision at statutory rate of 35% $ 1,466 $ 345 $ 1,820 $ 693 Dividends-received deduction (27 ) (30 ) (54 ) (61 ) Small life insurance company deduction (605 ) (45 ) (623 ) (161 ) Other permanent differences 10 9 20 19 Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets - (170 ) - (208 ) Income tax expense $ 844 $ 109 $ 1,163 $ 282 The components of income tax expense were: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current - Federal $ 1,108 $ 66 $ 1,119 $ 129 Deferred - Federal (264 ) 213 44 361 Change in deferred tax asset valuation allowance - (170 ) - (208 ) Total $ 844 $ 109 $ 1,163 $ 282 The primary differences between the effective tax rate and the federal statutory income tax rate for the three month and six month periods ended June 30, 2015 resulted from the dividends-received deduction (“DRD”) and the small life insurance company deduction (“SLD”). The current estimated DRD is adjusted as underlying factors change and can vary from estimates based on, but not limited to, actual distributions from investments as well as the amount of the Company’s taxable income. The SLD varies in amount and is determined at a rate of 60 percent of the tentative life insurance company taxable income (“LICTI”). The SLD for any taxable year is reduced (but not below zero) by 15 percent of the tentative LICTI for such taxable year as it exceeds $3,000 and is ultimately phased out at $15,000. The primary differences between the effective tax rate and the federal statutory income tax rate for the three month and six month periods ended June 30, 2014 resulted from the DRD, the SLD and the change in deferred tax asset valuation allowance. The change in deferred tax asset valuation allowance was due to the utilization of certain capital loss carryforward benefits that had been previously reduced to zero through an existing valuation allowance reserve. All unused capital loss carryforwards expired at the end of 2014.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 7. Commitments and Contingencies From time to time, the Company is, and expects to continue to be, involved in various claims and lawsuits incidental to and in the ordinary course of its businesses. In the opinion of management, any such known claims are not expected to have a material effect on the financial condition or results of operations of the Company.

Investments

Investments	6 Months Ended
	Jun. 30, 2015
Investments [Abstract ]
Investments	Note 8. Investments The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and amortized cost of the Company’s investments, aggregated by type and industry, as of June 30, 2015 and December 31, 2014. Investments were comprised of the following: June 30, 2015 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 26,506 $ 334 $ 538 $ 26,710 Obligations of states and political subdivisions 24,642 544 848 24,946 Corporate securities: Utilities and telecom 17,655 1,575 317 16,397 Financial services 48,434 1,995 930 47,369 Other business – diversified 59,255 917 1,728 60,066 Other consumer – diversified 21,282 160 780 21,902 Total corporate securities 146,626 4,647 3,755 145,734 Redeemable preferred stocks: Financial services 253 3 - 250 Other consumer – diversified 193 - - 193 Total redeemable preferred stocks 446 3 - 443 Total fixed maturities 198,220 5,528 5,141 197,833 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,398 434 - 964 Financial services 6,020 692 16 5,344 Other business – diversified 205 158 - 47 Other consumer – diversified 15,090 9,476 - 5,614 Total equity securities 22,713 10,760 16 11,969 Other invested assets 2,382 - - 2,382 Policy loans 2,161 - - 2,161 Real estate 38 - - 38 Investments in unconsolidated trusts 1,238 - - 1,238 Total investments $ 226,752 $ 16,288 $ 5,157 $ 215,621 December 31, 2014 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 33,898 $ 1,459 $ 30 $ 32,469 Obligations of states and political subdivisions 11,459 681 - 10,778 Corporate securities: Utilities and telecom 13,980 2,355 - 11,625 Financial services 59,224 3,404 588 56,408 Other business – diversified 70,139 2,076 1,830 69,893 Other consumer – diversified 25,388 332 547 25,603 Total corporate securities 168,731 8,167 2,965 163,529 Redeemable preferred stocks: Financial services 608 8 - 600 Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 800 8 - 792 Total fixed maturities 214,888 10,315 2,995 207,568 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,403 439 - 964 Financial services 6,083 739 - 5,344 Other business – diversified 226 179 - 47 Other consumer – diversified 11,212 5,598 - 5,614 Total equity securities 18,924 6,955 - 11,969 Other invested assets 2,995 - - 2,995 Policy loans 2,202 - - 2,202 Real estate 38 - - 38 Investments in unconsolidated trusts 1,238 - - 1,238 Total investments $ 240,285 $ 17,270 $ 2,995 $ 226,010 The carrying value and amortized cost of the Company’s investments in fixed maturities at June 30, 2015 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Carrying Value Amortized Cost Due in one year or less $ 3,190 $ 3,119 Due after one year through five years 19,258 18,616 Due after five years through ten years 86,031 86,435 Due after ten years 88,632 88,668 Varying maturities 1,109 995 Totals $ 198,220 $ 197,833 The following table sets forth the carrying value, amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Carrying Value Amortized Cost Unrealized Gains (Losses) Carrying Value Amortized Cost Unrealized Gains U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 26,506 $ 26,710 $ (204 ) $ 33,898 $ 32,469 $ 1,429 Obligations of states and political subdivisions 24,642 24,946 (304 ) 11,459 10,778 681 Utilities and telecom 19,053 17,361 1,692 15,383 12,589 2,794 Financial services 54,707 52,963 1,744 65,915 62,352 3,563 Other business – diversified 59,460 60,113 (653 ) 70,365 69,940 425 Other consumer – diversified 36,565 27,709 8,856 36,792 31,409 5,383 Other investments 5,819 5,819 - 6,473 6,473 - Investments $ 226,752 $ 215,621 $ 11,131 $ 240,285 $ 226,010 $ 14,275 The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of June 30, 2015 and December 31, 2014. June 30, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 15,390 $ 537 $ 503 $ 1 $ 15,893 $ 538 Obligations of states and political subdivisions 19,491 848 - - 19,491 848 Corporate securities 70,215 2,065 11,923 1,690 82,138 3,755 Common and non-redeemable preferred stocks 1,000 16 - - 1,000 16 Total temporarily impaired securities $ 106,096 $ 3,466 $ 12,426 $ 1,691 $ 118,522 $ 5,157 December 31, 2014 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 3,695 $ 7 $ 2,692 $ 23 $ 6,387 $ 30 Corporate securities 43,996 1,604 9,293 1,361 53,289 2,965 Total temporarily impaired securities $ 47,691 $ 1,611 $ 11,985 $ 1,384 $ 59,676 $ 2,995 The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. As of June 30, 2015, securities in an unrealized loss position primarily included certain of the Company’s investments in fixed maturities within the other diversified business, other diversified consumer and financial services sectors as well as obligations of U.S. Government agencies and state municipal bonds. Securities in an unrealized loss position reported in the other diversified business sector included gross unrealized losses of $908 related to investments in fixed maturities in the oil and gas industry. The Company does not currently intend to sell nor does it expect to be required to sell any of the securities in an unrealized loss position. Based upon the Company’s expected continuation of receipt of contractually required principal and interest payments and its intent and ability to retain the securities until price recovery, as well as the Company’s evaluation of other relevant factors, including those described above, the Company has deemed these securities to be temporarily impaired as of June 30, 2015. The following describes the fair value hierarchy and provides information as to the extent to which the Company uses fair value to measure the value of its financial instruments and information about the inputs used to value those financial instruments. The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three broad levels. Level 1 Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. The Company’s financial instruments valued using Level 1 criteria include cash equivalents and exchange traded common stocks. Level 2 Observable inputs, other than quoted prices included in Level 1, for an asset or liability or prices for similar assets or liabilities. The Company’s financial instruments valued using Level 2 criteria include significantly all of its fixed maturities, which consist of U.S. Treasury securities and U.S. Government securities, obligations of states and political subdivisions, and certain corporate fixed maturities, as well as its non-redeemable preferred stocks. In determining fair value measurements using Level 2 criteria, the Company utilizes various external pricing sources. Level 3 Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Fair value is based on criteria that use assumptions or other data that are not readily observable from objective sources. The Company’s financial instruments valued using Level 3 criteria consist of a limited number of fixed maturities. As of June 30, 2015 and December 31, 2014, the value of the Company’s fixed maturities valued using Level 3 criteria was $2,207 and $2,214, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations. As of June 30, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 196,013 $ 2,207 $ 198,220 Equity securities 17,003 5,710 - 22,713 Cash equivalents 29,558 - - 29,558 Total $ 46,561 $ 201,723 $ 2,207 $ 250,491 As of December 31, 2014, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 212,674 $ 2,214 $ 214,888 Equity securities 13,148 5,776 - 18,924 Cash equivalents 15,009 - - 15,009 Total $ 28,157 $ 218,450 $ 2,214 $ 248,821 The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three month and six month periods ended June 30, 2015. Fixed Maturities Balance, December 31, 2014 $ 2,214 Total unrealized gains included in other comprehensive income 50 Balance, March 31, 2015 2,264 Total unrealized losses included in other comprehensive income (57 ) Balance, June 30, 2015 $ 2,207 The Company’s fixed maturities valued using Level 3 inputs consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows (based on current cash flows) discounted at reasonable estimated rates of interest. There are no assumed prepayments and/or default probability assumptions as a majority of these instruments contain certain U.S. government agency strips to support repayment of the principal. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable.

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 9. Fair Values of Financial Instruments The estimated fair values have been determined by the Company using available market information from various market sources and appropriate valuation methodologies as of the respective dates. However, considerable judgment is necessary to interpret market data and to develop the estimates of fair value. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, the estimates presented herein are not necessarily indicative of the amounts which the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Level in Fair Value Hierarchy (1) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 32,927 $ 32,927 $ 16,375 $ 16,375 Fixed maturities (1) 198,220 198,220 214,888 214,888 Equity securities (1) 22,713 22,713 18,924 18,924 Other invested assets Level 3 2,382 2,382 2,995 2,995 Policy loans Level 2 2,161 2,161 2,202 2,202 Real estate Level 2 38 38 38 38 Investment in unconsolidated trusts Level 2 1,238 1,238 1,238 1,238 Liabilities: Junior Subordinated Debentures, net Level 2 33,738 33,738 33,738 33,738 (1) See Note 8 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 10. Accumulated Other Comprehensive Income The following table sets forth the balance of each component of accumulated other comprehensive income as of June 30, 2015 and December 31, 2014, and the changes in the balance of each component thereof during the six month period ended June 30, 2015, net of taxes. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2014 $ 9,279 Other comprehensive income before reclassifications 1,270 Amounts reclassified from accumulated other comprehensive income (3,314 ) Net current-period other comprehensive loss (2,044 ) Balance, June 30, 2015 $ 7,235

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Revenue and income before income taxes for each business unit	The following sets forth the revenue and income before income taxes for each business unit for the three month and six month periods ended June 30, 2015 and 2014. Revenues Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 American Southern $ 15,664 $ 14,147 $ 30,436 $ 28,348 Bankers Fidelity 28,820 27,293 54,890 54,131 Corporate and Other 288 146 395 267 Total revenue $ 44,772 $ 41,586 $ 85,721 $ 82,746 Income Before Income Taxes Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 American Southern $ 1,824 $ 1,138 $ 3,673 $ 2,195 Bankers Fidelity 3,900 1,134 5,090 2,782 Corporate and Other (1,535 ) (1,286 ) (3,564 ) (2,998 ) Income before income taxes $ 4,189 $ 986 $ 5,199 $ 1,979

Junior Subordinated Debentures

Junior Subordinated Debentures (Tables)	6 Months Ended
	Jun. 30, 2015
Junior Subordinated Debentures [Abstract]
Financial structure of statutory business trusts	The financial structure of each of Atlantic American Statutory Trust I and II as of June 30, 2015 was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1) (2) Principal amount owed $ 18,042 $ 23,196 Balance June 30, 2015 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance June 30, 2015 $ 18,042 $ 15,696 Net balance December 31, 2014 $ 18,042 $ 15,696 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Interest payable Quarterly Quarterly Maturity date December 4, 2032 May 15, 2033 Redeemable by issuer Yes Yes TRUST PREFERRED SECURITIES Issuance date December 4, 2002 May 15, 2003 Securities issued 17,500 22,500 Liquidation preference per security $ 1 $ 1 Liquidation value 17,500 22,500 Coupon rate LIBOR + 4.00% LIBOR + 4.10% Distribution payable Quarterly Quarterly Distribution guaranteed by (4) Atlantic American Corporation Atlantic American Corporation (1) For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures’ respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company’s common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities. (2) The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries. (3) On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. (4) The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Common Share [Abstract]
Reconciliation of numerator and denominator used in earnings per common share calculations	A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows: Three Months Ended June 30, 2015 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 3,345 20,573 Less preferred stock dividends (100 ) - Net income applicable to common shareholders 3,245 20,573 $ .16 Diluted Earnings Per Common Share: Effect of Series D preferred stock 100 1,378 Net income applicable to common shareholders $ 3,345 21,951 $ .15 Three Months Ended June 30, 2014 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 877 20,816 Less preferred stock dividends (118 ) - Net income applicable to common shareholders $ 759 20,816 $ .04 Six Months Ended June 30, 2015 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 4,036 20,582 Less preferred stock dividends (199 ) - Net income applicable to common shareholders 3,837 20,582 $ .19 Diluted Earnings Per Common Share: Effect of Series D preferred stock 199 1,378 Net income applicable to common shareholders $ 4,036 21,960 $ .18 Six Months Ended June 30, 2014 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,697 20,944 Less preferred stock dividends (236 ) - Net income applicable to common shareholders $ 1,461 20,944 $ .07

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Reconciliation of income tax expense	A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax expense is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Federal income tax provision at statutory rate of 35% $ 1,466 $ 345 $ 1,820 $ 693 Dividends-received deduction (27 ) (30 ) (54 ) (61 ) Small life insurance company deduction (605 ) (45 ) (623 ) (161 ) Other permanent differences 10 9 20 19 Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets - (170 ) - (208 ) Income tax expense $ 844 $ 109 $ 1,163 $ 282
Components of income tax expense	The components of income tax expense were: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current - Federal $ 1,108 $ 66 $ 1,119 $ 129 Deferred - Federal (264 ) 213 44 361 Change in deferred tax asset valuation allowance - (170 ) - (208 ) Total $ 844 $ 109 $ 1,163 $ 282

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2015
Investments [Abstract ]
Schedule of investments aggregated by type and industry	Investments were comprised of the following: June 30, 2015 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 26,506 $ 334 $ 538 $ 26,710 Obligations of states and political subdivisions 24,642 544 848 24,946 Corporate securities: Utilities and telecom 17,655 1,575 317 16,397 Financial services 48,434 1,995 930 47,369 Other business – diversified 59,255 917 1,728 60,066 Other consumer – diversified 21,282 160 780 21,902 Total corporate securities 146,626 4,647 3,755 145,734 Redeemable preferred stocks: Financial services 253 3 - 250 Other consumer – diversified 193 - - 193 Total redeemable preferred stocks 446 3 - 443 Total fixed maturities 198,220 5,528 5,141 197,833 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,398 434 - 964 Financial services 6,020 692 16 5,344 Other business – diversified 205 158 - 47 Other consumer – diversified 15,090 9,476 - 5,614 Total equity securities 22,713 10,760 16 11,969 Other invested assets 2,382 - - 2,382 Policy loans 2,161 - - 2,161 Real estate 38 - - 38 Investments in unconsolidated trusts 1,238 - - 1,238 Total investments $ 226,752 $ 16,288 $ 5,157 $ 215,621 December 31, 2014 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 33,898 $ 1,459 $ 30 $ 32,469 Obligations of states and political subdivisions 11,459 681 - 10,778 Corporate securities: Utilities and telecom 13,980 2,355 - 11,625 Financial services 59,224 3,404 588 56,408 Other business – diversified 70,139 2,076 1,830 69,893 Other consumer – diversified 25,388 332 547 25,603 Total corporate securities 168,731 8,167 2,965 163,529 Redeemable preferred stocks: Financial services 608 8 - 600 Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 800 8 - 792 Total fixed maturities 214,888 10,315 2,995 207,568 Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom 1,403 439 - 964 Financial services 6,083 739 - 5,344 Other business – diversified 226 179 - 47 Other consumer – diversified 11,212 5,598 - 5,614 Total equity securities 18,924 6,955 - 11,969 Other invested assets 2,995 - - 2,995 Policy loans 2,202 - - 2,202 Real estate 38 - - 38 Investments in unconsolidated trusts 1,238 - - 1,238 Total investments $ 240,285 $ 17,270 $ 2,995 $ 226,010
Amortized cost and carrying value of fixed maturities by contractual maturity	The carrying value and amortized cost of the Company’s investments in fixed maturities at June 30, 2015 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Carrying Value Amortized Cost Due in one year or less $ 3,190 $ 3,119 Due after one year through five years 19,258 18,616 Due after five years through ten years 86,031 86,435 Due after ten years 88,632 88,668 Varying maturities 1,109 995 Totals $ 198,220 $ 197,833
Schedule of investments aggregated by industry	The following table sets forth the carrying value, amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Carrying Value Amortized Cost Unrealized Gains (Losses) Carrying Value Amortized Cost Unrealized Gains U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 26,506 $ 26,710 $ (204 ) $ 33,898 $ 32,469 $ 1,429 Obligations of states and political subdivisions 24,642 24,946 (304 ) 11,459 10,778 681 Utilities and telecom 19,053 17,361 1,692 15,383 12,589 2,794 Financial services 54,707 52,963 1,744 65,915 62,352 3,563 Other business – diversified 59,460 60,113 (653 ) 70,365 69,940 425 Other consumer – diversified 36,565 27,709 8,856 36,792 31,409 5,383 Other investments 5,819 5,819 - 6,473 6,473 - Investments $ 226,752 $ 215,621 $ 11,131 $ 240,285 $ 226,010 $ 14,275
Schedule of investment securities with continuous unrealized loss position	The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of June 30, 2015 and December 31, 2014. June 30, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 15,390 $ 537 $ 503 $ 1 $ 15,893 $ 538 Obligations of states and political subdivisions 19,491 848 - - 19,491 848 Corporate securities 70,215 2,065 11,923 1,690 82,138 3,755 Common and non-redeemable preferred stocks 1,000 16 - - 1,000 16 Total temporarily impaired securities $ 106,096 $ 3,466 $ 12,426 $ 1,691 $ 118,522 $ 5,157 December 31, 2014 Less than 12 months 12 months or longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 3,695 $ 7 $ 2,692 $ 23 $ 6,387 $ 30 Corporate securities 43,996 1,604 9,293 1,361 53,289 2,965 Total temporarily impaired securities $ 47,691 $ 1,611 $ 11,985 $ 1,384 $ 59,676 $ 2,995
Financial instruments carried at fair value measured on a recurring basis	As of June 30, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 196,013 $ 2,207 $ 198,220 Equity securities 17,003 5,710 - 22,713 Cash equivalents 29,558 - - 29,558 Total $ 46,561 $ 201,723 $ 2,207 $ 250,491 As of December 31, 2014, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 212,674 $ 2,214 $ 214,888 Equity securities 13,148 5,776 - 18,924 Cash equivalents 15,009 - - 15,009 Total $ 28,157 $ 218,450 $ 2,214 $ 248,821
Roll-forward of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three month and six month periods ended June 30, 2015. Fixed Maturities Balance, December 31, 2014 $ 2,214 Total unrealized gains included in other comprehensive income 50 Balance, March 31, 2015 2,264 Total unrealized losses included in other comprehensive income (57 ) Balance, June 30, 2015 $ 2,207

Fair Values of Financial Inst23

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Values of Financial Instruments [Abstract]
Carrying amount, estimated fair value and level within the fair value hierarchy of financial instruments	The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Level in Fair Value Hierarchy (1) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 32,927 $ 32,927 $ 16,375 $ 16,375 Fixed maturities (1) 198,220 198,220 214,888 214,888 Equity securities (1) 22,713 22,713 18,924 18,924 Other invested assets Level 3 2,382 2,382 2,995 2,995 Policy loans Level 2 2,161 2,161 2,202 2,202 Real estate Level 2 38 38 38 38 Investment in unconsolidated trusts Level 2 1,238 1,238 1,238 1,238 Liabilities: Junior Subordinated Debentures, net Level 2 33,738 33,738 33,738 33,738 (1) See Note 8 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income [Abstract]
Changes in balances of each component of accumulated other comprehensive income, net of taxes	The following table sets forth the balance of each component of accumulated other comprehensive income as of June 30, 2015 and December 31, 2014, and the changes in the balance of each component thereof during the six month period ended June 30, 2015, net of taxes. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2014 $ 9,279 Other comprehensive income before reclassifications 1,270 Amounts reclassified from accumulated other comprehensive income (3,314 ) Net current-period other comprehensive loss (2,044 ) Balance, June 30, 2015 $ 7,235

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Segment	Jun. 30, 2014USD ($)
Segment Information [Abstract]
Number of business units | Segment			2
Revenue and income before income taxes for each business unit [Abstract]
Total revenue	$ 44,772	$ 41,586	$ 85,721	$ 82,746
Income before income taxes	4,189	986	5,199	1,979
Corporate and Other [Member]
Revenue and income before income taxes for each business unit [Abstract]
Total revenue	288	146	395	267
Income before income taxes	(1,535)	(1,286)	(3,564)	(2,998)
American Southern [Member] | Operating Segments [Member]
Revenue and income before income taxes for each business unit [Abstract]
Total revenue	15,664	14,147	30,436	28,348
Income before income taxes	1,824	1,138	3,673	2,195
Bankers Fidelity [Member] | Operating Segments [Member]
Revenue and income before income taxes for each business unit [Abstract]
Total revenue	28,820	27,293	54,890	54,131
Income before income taxes	$ 3,900	$ 1,134	$ 5,090	$ 2,782

Junior Subordinated Debenture26

Junior Subordinated Debentures (Details) - Jun. 30, 2015 $ / shares in Units, shares in Thousands, $ in Thousands		USD ($)TrustQuarter$ / sharesshares
Debt Instrument [Line Items]
Number of Connecticut statutory business trusts | Trust		2
Financial structure of statutory business trusts [Abstract]
Net balance June 30, 2015		$ 33,738
Net balance December 31, 2014		$ 33,738
JUNIOR SUBORDINATED DEBENTURES [Member]
Financial structure of statutory business trusts [Abstract]
Number of consecutive quarters for which interest payments can be deferred | Quarter		20
Atlantic American Statutory Trust I [Member] | JUNIOR SUBORDINATED DEBENTURES [Member]
Financial structure of statutory business trusts [Abstract]
Principal amount owed	[1],[2]	$ 18,042
Balance June 30, 2015	[1],[2]	18,042
Less: Treasury debt	[1],[2],[3]	0
Net balance June 30, 2015	[1],[2]	18,042
Net balance December 31, 2014	[1],[2]	$ 18,042
Coupon rate	[1],[2]	LIBOR + 4.00%
Interest payable	[1],[2]	Quarterly
Maturity date	[1],[2]	Dec. 4, 2032
Redeemable by issuer	[1],[2]	Yes
Atlantic American Statutory Trust I [Member] | JUNIOR SUBORDINATED DEBENTURES [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate (in hundredths)		4.00%
Atlantic American Statutory Trust I [Member] | TRUST PREFERRED SECURITIES [Member]
Financial structure of statutory business trusts [Abstract]
Coupon rate		LIBOR + 4.00%
Issuance date		Dec. 4, 2002
Securities issued (in shares) | shares		17,500
Liquidation preference per security (in dollars per share) | $ / shares		$ 1
Liquidation value		$ 17,500
Distribution payable		Quarterly
Distribution guaranteed by	[4]	Atlantic American Corporation
Atlantic American Statutory Trust I [Member] | TRUST PREFERRED SECURITIES [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate (in hundredths)		4.00%
Atlantic American Statutory Trust II [Member] | JUNIOR SUBORDINATED DEBENTURES [Member]
Financial structure of statutory business trusts [Abstract]
Principal amount owed	[1],[2]	$ 23,196
Balance June 30, 2015	[1],[2]	23,196
Less: Treasury debt	[1],[2],[3]	(7,500)
Net balance June 30, 2015	[1],[2]	15,696
Net balance December 31, 2014	[1],[2]	$ 15,696
Coupon rate	[1],[2]	LIBOR + 4.10%
Interest payable	[1],[2]	Quarterly
Maturity date	[1],[2]	May 15, 2033
Redeemable by issuer	[1],[2]	Yes
Atlantic American Statutory Trust II [Member] | JUNIOR SUBORDINATED DEBENTURES [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate (in hundredths)		4.10%
Atlantic American Statutory Trust II [Member] | TRUST PREFERRED SECURITIES [Member]
Financial structure of statutory business trusts [Abstract]
Coupon rate		LIBOR + 4.10%
Issuance date		May 15, 2003
Securities issued (in shares) | shares		22,500
Liquidation preference per security (in dollars per share) | $ / shares		$ 1
Liquidation value		$ 22,500
Distribution payable		Quarterly
Distribution guaranteed by	[4]	Atlantic American Corporation
Atlantic American Statutory Trust II [Member] | TRUST PREFERRED SECURITIES [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate (in hundredths)		4.10%
[1]	For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures' respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company's common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.
[2]	The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.
[3]	On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.
[4]	The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income [Abstract]
Net income	$ 3,345	$ 877	$ 4,036	$ 1,697
Less preferred stock dividends	(100)	(118)	(199)	(236)
Net income applicable to common shareholders	3,245	$ 759	3,837	$ 1,461
Effect of Series D preferred stock	100		199
Net income applicable to common shareholders, diluted	$ 3,345		$ 4,036
Shares [Abstract]
Weighted average shares outstanding, basic (in shares)	20,573		20,582
Weighted average shares outstanding (in shares)		20,816		20,944
Effect of Series D preferred stock (in shares)	1,378		1,378
Weighted average shares outstanding, diluted (in shares)	21,951		21,960
Per Share Amount [Abstract]
Net income applicable to common shareholders, basic (in dollars per share)	$ 0.16	$ 0.04	$ 0.19	$ 0.07
Net income applicable to common shareholders (in dollars per share)		0.04		0.07
Net income applicable to common shareholders, diluted (in dollars per share)	$ 0.15	$ 0.04	$ 0.18	$ 0.07

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of income tax (benefit) expense [Abstract]
Federal income tax provision at statutory rate of 35%	$ 1,466	$ 345	$ 1,820	$ 693
Dividends-received deduction	(27)	(30)	(54)	(61)
Small life insurance company deduction	(605)	(45)	(623)	(161)
Other permanent differences	10	9	20	19
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets	0	(170)	0	(208)
Income tax expense	844	109	$ 1,163	282
Federal statutory income tax rate (in hundredths)			35.00%
Components of income tax expense [Abstract]
Current - Federal	1,108	66	$ 1,119	129
Deferred - Federal	(264)	213	44	361
Change in deferred tax asset valuation allowance	0	(170)	0	(208)
Income tax expense	844	$ 109	$ 1,163	$ 282
SLD as percentage of life insurance company taxable income (in hundredths)			60.00%
Percentage of reduction in SLD (in hundredths)			15.00%
Minimum tentative amount of LICTI	3,000		$ 3,000
Maximum tentative amount of LICTI	$ 15,000		$ 15,000

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	$ 226,752	$ 240,285
Gross Unrealized Gains	16,288	17,270
Gross Unrealized Losses	5,157	2,995
Amortized Cost	215,621	226,010
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	26,506	33,898
Amortized Cost	26,710	32,469
Obligations of States and Political Subdivisions [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	24,642	11,459
Amortized Cost	24,946	10,778
Utilities and Telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	19,053	15,383
Amortized Cost	17,361	12,589
Financial Services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	54,707	65,915
Amortized Cost	52,963	62,352
Other Business - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	59,460	70,365
Amortized Cost	60,113	69,940
Other Consumer - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	36,565	36,792
Amortized Cost	27,709	31,409
Fixed Maturities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	198,220	214,888
Gross Unrealized Gains	5,528	10,315
Gross Unrealized Losses	5,141	2,995
Amortized Cost	197,833	207,568
Fixed Maturities [Member] | Oil and Gas Properties [Member]
Schedule of investments aggregated by type and industry [Abstract]
Gross Unrealized Losses	908
Fixed Maturities [Member] | Bonds [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	26,506	33,898
Gross Unrealized Gains	334	1,459
Gross Unrealized Losses	538	30
Amortized Cost	26,710	32,469
Fixed Maturities [Member] | Bonds [Member] | Obligations of States and Political Subdivisions [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	24,642	11,459
Gross Unrealized Gains	544	681
Gross Unrealized Losses	848	0
Amortized Cost	24,946	10,778
Fixed Maturities [Member] | Corporate Securities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	146,626	168,731
Gross Unrealized Gains	4,647	8,167
Gross Unrealized Losses	3,755	2,965
Amortized Cost	145,734	163,529
Fixed Maturities [Member] | Corporate Securities [Member] | Utilities and Telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	17,655	13,980
Gross Unrealized Gains	1,575	2,355
Gross Unrealized Losses	317	0
Amortized Cost	16,397	11,625
Fixed Maturities [Member] | Corporate Securities [Member] | Financial Services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	48,434	59,224
Gross Unrealized Gains	1,995	3,404
Gross Unrealized Losses	930	588
Amortized Cost	47,369	56,408
Fixed Maturities [Member] | Corporate Securities [Member] | Other Business - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	59,255	70,139
Gross Unrealized Gains	917	2,076
Gross Unrealized Losses	1,728	1,830
Amortized Cost	60,066	69,893
Fixed Maturities [Member] | Corporate Securities [Member] | Other Consumer - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	21,282	25,388
Gross Unrealized Gains	160	332
Gross Unrealized Losses	780	547
Amortized Cost	21,902	25,603
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	446	800
Gross Unrealized Gains	3	8
Gross Unrealized Losses	0	0
Amortized Cost	443	792
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member] | Financial Services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	253	608
Gross Unrealized Gains	3	8
Gross Unrealized Losses	0	0
Amortized Cost	250	600
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member] | Other Consumer - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	193	192
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	193	192
Equity Securities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	22,713	18,924
Gross Unrealized Gains	10,760	6,955
Gross Unrealized Losses	16	0
Amortized Cost	11,969	11,969
Equity Securities [Member] | Common and Non-Redeemable Preferred Stocks [Member] | Utilities and Telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	1,398	1,403
Gross Unrealized Gains	434	439
Gross Unrealized Losses	0	0
Amortized Cost	964	964
Equity Securities [Member] | Common and Non-Redeemable Preferred Stocks [Member] | Financial Services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	6,020	6,083
Gross Unrealized Gains	692	739
Gross Unrealized Losses	16	0
Amortized Cost	5,344	5,344
Equity Securities [Member] | Common and Non-Redeemable Preferred Stocks [Member] | Other Business - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	205	226
Gross Unrealized Gains	158	179
Gross Unrealized Losses	0	0
Amortized Cost	47	47
Equity Securities [Member] | Common and Non-Redeemable Preferred Stocks [Member] | Other Consumer - Diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	15,090	11,212
Gross Unrealized Gains	9,476	5,598
Gross Unrealized Losses	0	0
Amortized Cost	5,614	5,614
Other Invested Assets [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	2,382	2,995
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	2,382	2,995
Policy Loans [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	2,161	2,202
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	2,161	2,202
Real Estate [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	38	38
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	38	38
Investments in Unconsolidated Trusts [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	1,238	1,238
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	$ 1,238	$ 1,238

Investments, Part II (Details)

Investments, Part II (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Value [Abstract]
Due in one year or less	$ 3,190
Due after one year through five years	19,258
Due after five years through ten years	86,031
Due after ten years	88,632
Varying maturities	1,109
Totals	198,220	$ 214,888
Amortized Cost [Abstract]
Due in one year or less	3,119
Due after one year through five years	18,616
Due after five years through ten years	86,435
Due after ten years	88,668
Varying maturities	995
Totals	$ 197,833	$ 207,568

Investments, Part III (Details)

Investments, Part III (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of investments aggregated by industry [Abstract]
Carrying Value	$ 226,752	$ 240,285
Amortized Cost	215,621	226,010
Unrealized Gains (Losses)	11,131	14,275
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	106,096	47,691
12 months or longer	12,426	11,985
Total	118,522	59,676
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months	3,466	1,611
12 months or longer	1,691	1,384
Total	5,157	2,995
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	26,506	33,898
Amortized Cost	26,710	32,469
Unrealized Gains (Losses)	(204)	1,429
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	15,390	3,695
12 months or longer	503	2,692
Total	15,893	6,387
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months	537	7
12 months or longer	1	23
Total	538	30
Obligations of States and Political Subdivisions [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	24,642	11,459
Amortized Cost	24,946	10,778
Unrealized Gains (Losses)	(304)	681
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	19,491
12 months or longer	0
Total	19,491
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months	848
12 months or longer	0
Total	848
Utilities and Telecom [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	19,053	15,383
Amortized Cost	17,361	12,589
Unrealized Gains (Losses)	1,692	2,794
Financial Services [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	54,707	65,915
Amortized Cost	52,963	62,352
Unrealized Gains (Losses)	1,744	3,563
Other Business - Diversified [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	59,460	70,365
Amortized Cost	60,113	69,940
Unrealized Gains (Losses)	(653)	425
Other Consumer - Diversified [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	36,565	36,792
Amortized Cost	27,709	31,409
Unrealized Gains (Losses)	8,856	5,383
Other Investment [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	5,819	6,473
Amortized Cost	5,819	6,473
Unrealized Gains (Losses)	0	0
Corporate Securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	70,215	43,996
12 months or longer	11,923	9,293
Total	82,138	53,289
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months	2,065	1,604
12 months or longer	1,690	1,361
Total	3,755	$ 2,965
Common and Non-Redeemable Preferred Stocks [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	1,000
12 months or longer	0
Total	1,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 months	16
12 months or longer	0
Total	$ 16

Investments, Part IV (Details)

Investments, Part IV (Details) - Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	$ 250,491	$ 248,821
Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	198,220	214,888
Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	22,713	18,924
Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	29,558	15,009
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	46,561	28,157
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	17,003	13,148
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	29,558	15,009
Significant Other Observable Inputs (Level 2) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	201,723	218,450
Significant Other Observable Inputs (Level 2) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	196,013	212,674
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	5,710	5,776
Significant Other Observable Inputs (Level 2) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	0	0
Significant Unobservable Inputs (Level 3) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	2,207	2,214
Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	2,207	2,214
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Cash Equivalents [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Assets at fair value	$ 0	$ 0

Investments, Part V (Details)

Investments, Part V (Details) - Fixed Maturities [Member] - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 2,264	$ 2,214
Total unrealized gains included in other comprehensive income (loss)	(57)	50
Balance, end of period	$ 2,207	$ 2,264

Fair Values of Financial Inst34

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Carrying Amount [Member]
Assets [Abstract]
Fixed maturities	[1]	$ 198,220	$ 214,888
Equity securities	[1]	22,713	18,924
Carrying Amount [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		32,927	16,375
Carrying Amount [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,161	2,202
Real estate		38	38
Investment in unconsolidated trusts		1,238	1,238
Liabilities [Abstract]
Junior subordinated debentures, net		33,738	33,738
Carrying Amount [Member] | Level 3 [Member]
Assets [Abstract]
Other invested assets		2,382	2,995
Estimated Fair Value [Member]
Assets [Abstract]
Fixed maturities	[1]	198,220	214,888
Equity securities	[1]	22,713	18,924
Estimated Fair Value [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		32,927	16,375
Estimated Fair Value [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,161	2,202
Real estate		38	38
Investment in unconsolidated trusts		1,238	1,238
Liabilities [Abstract]
Junior subordinated debentures, net		33,738	33,738
Estimated Fair Value [Member] | Level 3 [Member]
Assets [Abstract]
Other invested assets		$ 2,382	$ 2,995
[1]	See Note 8 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning balance	$ 9,279
Net current-period other comprehensive loss	(2,044)	$ 5,939
Ending balance	7,235
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning balance	9,279
Other comprehensive income before reclassifications	1,270
Amounts reclassified from accumulated other comprehensive income	(3,314)
Net current-period other comprehensive loss	(2,044)
Ending balance	$ 7,235