Atlantic American (AAME) 10-Q 14 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 03, 2018
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		20,249,483
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 7,487	$ 24,547
Investments:
Fixed maturities, available-for-sale (cost: $216,995 and $212,544)	208,856	215,108
Equity securities (cost: $10,918 and $10,918)	23,025	23,355
Other invested assets (cost: $11,417 and $5,626)	11,417	5,626
Policy loans	2,140	2,146
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	246,714	247,511
Receivables:
Reinsurance	23,659	17,613
Insurance premiums and other (net of allowance for doubtful accounts: $231 and $209)	19,379	13,241
Deferred income taxes, net	2,873	0
Deferred acquisition costs	34,193	32,694
Other assets	4,806	5,089
Intangibles	2,544	2,544
Total assets	341,655	343,239
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	87,240	82,435
Unearned premiums	30,628	23,449
Losses and claims	72,075	65,689
Other policy liabilities	1,477	2,010
Total insurance reserves and policyholder funds	191,420	173,583
Accounts payable and accrued expenses	14,830	22,342
Deferred income taxes, net	0	593
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	239,988	230,256
Commitments and contingencies (Note 9)
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: 20,263,221 and 20,449,531	22,401	22,401
Additional paid-in capital	57,416	57,495
Retained earnings	36,273	30,993
Accumulated other comprehensive income (loss)	(6,429)	9,751
Unearned stock grant compensation	(322)	(579)
Treasury stock, at cost: 2,137,673 and 1,951,363 shares	(7,727)	(7,133)
Total shareholders' equity	101,667	112,983
Total liabilities and shareholders' equity	$ 341,655	$ 343,239

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments:
Fixed maturities, cost	$ 216,995	$ 212,544
Equity securities, cost	10,918	10,918
Other invested assets, cost	11,417	5,626
Receivables:
Insurance premiums and other, allowance for doubtful accounts	$ 231	$ 209
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)	20,263,221	20,449,531
Treasury stock, at cost (in shares)	2,137,673	1,951,363

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Insurance premiums	$ 42,845	$ 40,120	$ 85,047	$ 80,902
Investment income	2,537	2,085	4,896	4,244
Realized investment gains (losses), net	(57)	1,396	313	2,279
Unrealized gains (losses) on equity securities, net	4,089	0	(330)	0
Other income	29	31	57	66
Total revenue	49,443	43,632	89,983	87,491
Benefits and expenses:
Insurance benefits and losses incurred	32,219	27,032	65,391	57,029
Commissions and underwriting expenses	9,715	11,010	19,734	21,624
Interest expense	506	424	968	833
Other expense	2,970	2,981	6,208	6,167
Total benefits and expenses	45,410	41,447	92,301	85,653
Income (loss) before income taxes	4,033	2,185	(2,318)	1,838
Income tax expense (benefit)	848	725	(479)	599
Net income (loss)	3,185	1,460	(1,839)	1,239
Preferred stock dividends	(100)	(100)	(199)	(199)
Net income (loss) applicable to common shareholders	$ 3,085	$ 1,360	$ (2,038)	$ 1,040
Earnings (loss) per common share (basic and diluted)	$ 0.15	$ 0.07	$ (0.10)	$ 0.05

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) [Abstract]
Net income (loss)	$ 3,185	$ 1,460	$ (1,839)	$ 1,239
Available-for-sale securities:
Gross unrealized holding gain (loss) arising in the period	(3,616)	176	(10,390)	4,419
Related income tax effect	760	(62)	2,182	(1,547)
Less: reclassification adjustment for net realized (gains) losses included in net income (loss)	57	(1,396)	(313)	(2,279)
Related income tax effect	(12)	489	66	798
Total other comprehensive income (loss), net of tax	(2,811)	(793)	(8,455)	1,391
Total comprehensive income (loss)	$ 374	$ 667	$ (10,294)	$ 2,630

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
Beginning Balance at Dec. 31, 2016	$ 55	$ 22,401	$ 57,114	$ 27,272	$ 5,830	$ (428)	$ (6,738)	$ 105,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0	0	0	1,239	0	0	0	1,239
Other comprehensive income (loss), net of tax	0	0	0	0	1,391	0	0	1,391
Dividends on common stock	0	0	0	(408)	0	0	0	(408)
Dividends accrued on preferred stock	0	0	0	(199)	0	0	0	(199)
Amortization of unearned compensation	0	0	0	0	0	183	0	183
Purchase of shares for treasury	0	0	0	0	0	0	(191)	(191)
Issuance of shares under stock plans	0	0	9	0	0	0	6	15
Ending Balance at Jun. 30, 2017	55	22,401	57,123	27,904	7,221	(245)	(6,923)	107,536
Beginning Balance at Dec. 31, 2017	55	22,401	57,495	30,993	9,751	(579)	(7,133)	112,983
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018 (ASU 2016-01 [Member]) at Dec. 31, 2017	0	0	0	9,825	(9,825)	0	0	0
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018 (ASU 2018-02 [Member]) at Dec. 31, 2017	0	0	0	(2,100)	2,100	0	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0	0	0	(1,839)	0	0	0	(1,839)
Other comprehensive income (loss), net of tax	0	0	0	0	(8,455)	0	0	(8,455)
Dividends on common stock	0	0	0	(407)	0	0	0	(407)
Dividends accrued on preferred stock	0	0	0	(199)	0	0	0	(199)
Restricted stock grants	0	0	(88)	0	0	135	(47)	0
Amortization of unearned compensation	0	0	0	0	0	122	0	122
Purchase of shares for treasury	0	0	0	0	0	0	(557)	(557)
Issuance of shares under stock plans	0	0	9	0	0	0	10	19
Ending Balance at Jun. 30, 2018	$ 55	$ 22,401	$ 57,416	$ 36,273	$ (6,429)	$ (322)	$ (7,727)	$ 101,667

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (1,839)	$ 1,239
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization of deferred acquisition costs	6,278	6,076
Acquisition costs deferred	(7,777)	(8,357)
Realized investment gains, net	(313)	(2,279)
Unrealized losses on equity securities, net	330	0
Distributions received from equity method investees	202	58
Compensation expense related to share awards	122	183
Depreciation and amortization	532	793
Deferred income tax benefit	(1,218)	(464)
Increase in receivables, net	(12,691)	(14,648)
Increase in insurance reserves	17,837	14,101
Decrease in other liabilities	(7,712)	(2,314)
Other, net	(147)	(90)
Net cash used in operating activities	(6,396)	(5,702)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investments sold	25,849	37,213
Proceeds from investments matured, called or redeemed	3,985	8,034
Investments purchased	(39,329)	(39,487)
Additions to property and equipment	(224)	(82)
Net cash (used in) provided by investing activities	(9,719)	5,678
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of dividends on common stock	(407)	(408)
Proceeds from shares issued under stock plans	19	15
Purchase of shares for treasury	(557)	(191)
Net cash used in financing activities	(945)	(584)
Net decrease in cash and cash equivalents	(17,060)	(608)
Cash and cash equivalents at beginning of period	24,547	13,252
Cash and cash equivalents at end of period	7,487	12,644
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	941	827
Cash paid for income taxes	$ 1,412	$ 100

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
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”). The Parent’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. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. 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, 2017 (the “2017 Annual Report”). The Company’s financial condition and results of operations and cash flows as of and for the three month and six month periods ended June 30, 2018 are not necessarily indicative of the financial condition or results of operations and cash flows that may be expected for the year ending December 31, 2018 or for any other future period. The Company’s significant accounting policies have not changed materially from those set out in the Company’s 2017 Annual Report, except as noted below for the adoption of new accounting standards. 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, 2018
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards	Note 2. Recently Issued Accounting Standards Adoption of New Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”). The FASB issued this guidance for the effect on deferred tax assets and liabilities related to items recorded in accumulated other comprehensive income (“AOCI”) resulting from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment. The Company recorded the total effect of the change in enacted tax rates on deferred tax balances in the income tax expense component of net income. ASU 2018-02 permits the Company to reclassify out of AOCI and into retained earnings the “stranded” tax effects that resulted from recording the tax effects of unrealized investment gains at a 35% tax rate because the 14% reduction in tax rate was recognized in net income instead of other comprehensive income. The Company adopted ASU 2018-02 as of January 1, 2018. As a result, on January 1, 2018, the Company reclassified $2,100 of stranded tax effects related to continuing operations which increased AOCI and reduced retained earnings. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The Company adopted ASU 2016-15 as of January 1, 2018, which impacted the classification of distributions from equity method investees. The Company made the election to use the nature of distributions approach. For the six month period ended June 30, 2018, the Company classified distributions from equity method investees of $202 as cash flows from operating activities and reclassified $58 as cash flows from investing activities to cash flows from operating activities for the six month period ended June 30, 2017, in its consolidated statements of cash flows. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The guidance requires investments in equity securities to be measured at fair value with any changes in valuation reported in net income except for investments that are consolidated or are accounted for under the equity method of accounting. The guidance also requires a deferred tax asset resulting from net unrealized losses on available-for-sale (AFS) fixed maturities that are recognized in AOCI to be evaluated for recoverability in combination with the Company’s other deferred tax assets. Under previous guidance, the Company measured investments in equity securities at fair value with any changes in fair value reported in other comprehensive income. The Company adopted ASU 2016-01 as of January 1, 2018. The adoption of this guidance resulted in the recognition of $9,825 of net after tax unrealized gains on equity securities as a cumulative effect adjustment that increased retained earnings as of January 1, 2018 and decreased AOCI by the same amount. The Company elected to report changes in the fair value of equity securities in a separate line item on the Company’s consolidated statements of operations. At December 31, 2017, equity securities were classified as AFS in the Company’s consolidated balance sheets. However, upon adoption, the updated guidance eliminated the AFS balance sheet classification for equity securities. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09, as modified, provides guidance for recognizing revenue which excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. The Company adopted ASU No. 2014-09 as of January 1, 2018. For the six months ended June 30, 2018, approximately $57, or less than one-tenth of 1% of the Company’s total revenues, were within the scope of this updated guidance. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.

Investments

Investments	6 Months Ended
	Jun. 30, 2018
Investments [Abstract]
Investments	Note 3. Investments The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and cost or amortized cost of the Company’s investments in fixed maturities and equity securities, aggregated by type and industry, as of June 30, 2018 and December 31, 2017. Fixed maturities were comprised of the following: June 30, 2018 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 27,776 $ 12 $ 1,089 $ 28,853 Obligations of states and political subdivisions 9,363 346 88 9,105 Corporate securities: Utilities and telecom 18,963 1,030 859 18,792 Financial services 51,649 1,070 2,145 52,724 Other business – diversified 47,222 312 2,802 49,712 Other consumer – diversified 53,691 91 4,017 57,617 Total corporate securities 171,525 2,503 9,823 178,845 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 208,856 $ 2,861 $ 11,000 $ 216,995 December 31, 2017 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,155 $ 149 $ 511 $ 31,517 Obligations of states and political subdivisions 10,809 630 1 10,180 Corporate securities: Utilities and telecom 21,882 1,709 130 20,303 Financial services 53,686 2,049 453 52,090 Other business – diversified 44,184 1,024 1,349 44,509 Other consumer – diversified 53,200 924 1,477 53,753 Total corporate securities 172,952 5,706 3,409 170,655 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 215,108 $ 6,485 $ 3,921 $ 212,544 Bonds having an amortized cost of $10,647 and $11,178 and included in the tables above were on deposit with insurance regulatory authorities as of June 30, 2018 and December 31, 2017, respectively, in accordance with statutory requirements. Equity securities were comprised of the following: June 30, 2018 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,509 $ 545 $ - $ 964 Financial services 5,553 769 - 4,784 Other business – diversified 282 235 - 47 Other consumer – diversified 15,681 10,558 - 5,123 Total equity securities $ 23,025 $ 12,107 $ - $ 10,918 December 31, 2017 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,588 $ 624 $ - $ 964 Financial services 5,634 851 - 4,783 Other business – diversified 297 250 - 47 Other consumer – diversified 15,836 10,712 - 5,124 Total equity securities $ 23,355 $ 12,437 $ - $ 10,918 The carrying value and amortized cost of the Company’s investments in fixed maturities at June 30, 2018 and December 31, 2017 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, 2018 December 31, 2017 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 3,900 $ 3,900 $ 1,653 $ 1,655 Due after one year through five years 18,131 18,413 13,738 14,056 Due after five years through ten years 124,530 129,930 112,847 112,116 Due after ten years 45,459 47,123 67,328 64,928 Varying maturities 16,836 17,629 19,542 19,789 Totals $ 208,856 $ 216,995 $ 215,108 $ 212,544 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, 2018 and December 31, 2017. June 30, 2018 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 $ 11,636 $ 359 $ 14,630 $ 730 $ 26,266 $ 1,089 Obligations of states and political subdivisions 3,982 88 - - 3,982 88 Corporate securities 109,673 6,062 29,694 3,761 139,367 9,823 Total temporarily impaired securities $ 125,291 $ 6,509 $ 44,324 $ 4,491 $ 169,615 $ 11,000 December 31, 2017 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 $ 12,175 $ 162 $ 12,737 $ 349 $ 24,912 $ 511 Obligations of states and political subdivisions 999 1 - - 999 1 Corporate securities 40,108 653 32,667 2,756 72,775 3,409 Total temporarily impaired securities $ 53,282 $ 816 $ 45,404 $ 3,105 $ 98,686 $ 3,921 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, 2018 and December 31, 2017, there were one hundred thirty-one and sixty-nine securities, respectively, in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturities within the financial services, other diversified business and other diversified consumer sectors. The increase in the number and value of securities in an unrealized loss position during the six month period ended June 30, 2018, was primarily attributable to the rising interest rate environment. 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, 2018. 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 of its fixed maturities and non-redeemable preferred stocks using Level 2 criteria, the Company utilizes data from outside sources, including nationally recognized pricing services and broker/dealers. Prices for the majority of the Company’s Level 2 fixed maturities and non-redeemable preferred stocks were determined using unadjusted prices received from pricing services that utilize a matrix pricing concept, which is a mathematical technique used widely in the industry to value debt securities based on various relationships to other benchmark quoted prices. 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, 2018 and December 31, 2017, the value of the Company’s fixed maturities valued using Level 3 criteria was $1,346 and $1,369, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations. As of June 30, 2018, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Fixed maturities $ - $ 207,510 $ 1,346 (1) $ 208,856 Equity securities 17,704 5,321 (1) - 23,025 Cash equivalents 6,648 - - 6,648 Total $ 24,352 $ 212,831 $ 1,346 $ 238,529 (1) All underlying securities are financial service industry related. As of December 31, 2017, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Fixed maturities $ - $ 213,739 $ 1,369 (1) $ 215,108 Equity securities 17,973 5,382 (1) - 23,355 Cash equivalents 13,855 - - 13,855 Total $ 31,828 $ 219,121 $ 1,369 $ 252,318 (1) All underlying securities are financial service industry related. The following tables provide 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, 2018 and 2017. Fixed Maturities Balance, December 31, 2017 $ 1,369 Total unrealized losses included in other comprehensive loss (30 ) Balance, March 31, 2018 1,339 Total unrealized gains included in other comprehensive loss 7 Balance, June 30, 2018 $ 1,346 Fixed Maturities Balance, December 31, 2016 $ 1,264 Total unrealized gains included in other comprehensive income 38 Balance, March 31, 2017 1,302 Total unrealized gains included in other comprehensive income 30 Balance, June 30, 2017 $ 1,332 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. The following table is a summary of realized investment gains (losses) for the three month and six month periods ended June 30, 2018 and 2017. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Gross gains $ 247 $ 1,409 $ 617 $ 2,340 Gross losses (304 ) (13 ) (304 ) (61 ) Realized investment gains (losses), net $ (57 ) $ 1,396 $ 313 $ 2,279 The following table presents the portion of unrealized gains (losses) related to equity securities still held for the three month and six month periods ended June 30, 2018 and 2017. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Net gains (losses) recognized during the period on equity securities $ 4,089 $ - $ (330 ) $ - Less: Net gains (losses) recognized during the period on equity securities sold during the period - - - - Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ 4,089 $ - $ (330 ) $ -

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2018
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 4. 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, 2018 and December 31, 2017. June 30, 2018 December 31, 2017 Level in Fair Value Hierarchy (1) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 7,487 $ 7,487 $ 24,547 $ 24,547 Fixed maturities (1) 208,856 208,856 215,108 215,108 Equity securities (1) 23,025 23,025 23,355 23,355 Other invested assets Level 3 11,417 11,417 5,626 5,626 Policy loans Level 2 2,140 2,140 2,146 2,146 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 3 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets. There have not been any transfers between Level 1, Level 2 and Level 3 during the periods presented in these condensed consolidated financial statements.

Liabilities for Unpaid Losses,

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2018
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	Note 5. Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows: Property and Casualty Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 47,997 $ 49,556 Less: Reinsurance recoverable on unpaid losses (7,220 ) (9,806 ) Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 40,777 39,750 Incurred related to: Current accident year 18,531 17,306 Prior accident year development (1) (659 ) (1,090 ) Total incurred 17,872 16,216 Paid related to: Current accident year 5,736 5,631 Prior accident years 10,363 10,065 Total paid 16,099 15,696 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 42,550 40,270 Plus: Reinsurance recoverable on unpaid losses 7,760 10,027 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 50,310 $ 50,297 (1) In establishing property and casualty reserves, the Company initially reserves for losses at the higher end of the reasonable range if no other value within the range is determined to be more probable. Selection of such an initial loss estimate is an attempt by management to give recognition that initial claims information received generally is not conclusive with respect to legal liability, is generally not comprehensive with respect to magnitude of loss and generally, based on historical experience, will develop more adversely as time passes and more information becomes available. Accordingly, the Company generally experiences reserve redundancies when analyzing the development of prior year losses in a current period. Medicare Supplement Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 15,859 $ 11,263 Less: Reinsurance recoverable on unpaid losses (4,748 ) (990 ) Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 11,111 10,273 Incurred related to: Current accident year 39,951 33,674 Prior accident year development 606 587 Total incurred 40,557 34,261 Paid related to: Current accident year 27,722 24,301 Prior accident years 11,006 9,706 Total paid 38,728 34,007 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 12,940 10,527 Plus: Reinsurance recoverable on unpaid losses 6,907 2,746 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 19,847 $ 13,273 Other Life and Health Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,833 $ 1,743 Less: Reinsurance recoverable on unpaid losses - - Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 1,833 1,743 Incurred related to: Current accident year 4,748 3,995 Prior accident year development (110 ) (44 ) Total incurred 4,638 3,951 Paid related to: Current accident year 3,050 2,685 Prior accident years 1,503 1,524 Total paid 4,553 4,209 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 1,918 1,485 Plus: Reinsurance recoverable on unpaid losses - - Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,918 $ 1,485 Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred: Six Months Ended June 30, 2018 2017 Total incurred losses $ 63,067 $ 54,428 Cash surrender value and matured endowments 707 817 Benefit reserve changes 1,617 1,784 Total insurance benefits and losses incurred $ 65,391 $ 57,029

Junior Subordinated Debentures

Junior Subordinated Debentures	6 Months Ended
	Jun. 30, 2018
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	Note 6. 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, 2018 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, 2018 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance June 30, 2018 $ 18,042 $ 15,696 Net balance December 31, 2017 $ 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 (Loss) Per Common Shar

Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2018
Earnings (Loss) Per Common Share [Abstract]
Earnings (Loss) Per Common Share	Note 7. Earnings (Loss) Per Common Share A reconciliation of the numerator and denominator used in the earnings (loss) per common share calculations is as follows: Three Months Ended June 30, 2018 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 3,185 20,286 Less preferred stock dividends (100 ) Net income applicable to common shareholders 3,085 20,286 $ .15 Diluted Earnings Per Common Share: Effect of Series D preferred stock 100 1,378 Net income applicable to common shareholders $ 3,185 21,664 $ .15 Three Months Ended June 30, 2017 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,460 20,412 Less preferred stock dividends (100 ) - Net income applicable to common shareholders $ 1,360 20,412 $ .07 Six Months Ended June 30, 2018 Income Shares (In thousands) Per Share Amount Basic and Diluted Loss Per Common Share: Net loss $ (1,839 ) 20,352 Less preferred stock dividends (199 ) - Net loss applicable to common shareholders $ (2,038 ) 20,352 $ (.10) Six Months Ended June 30, 2017 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,239 20,422 Less preferred stock dividends (199 ) - Net income applicable to common shareholders $ 1,040 20,422 $ .05 The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings per common share calculation for all periods presented, except for the three month period ended June 30, 2018, since its impact would have been antidilutive.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Taxes [Abstract]
Income Taxes	Note 8. Income Taxes A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax expense (benefit) is as follows: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively $ 847 $ 764 $ (487 ) $ 643 Dividends-received deduction (10 ) (24 ) (20 ) (48 ) Small life insurance company deduction - (30 ) - (30 ) Other permanent differences 11 15 28 34 Income tax expense (benefit) $ 848 $ 725 $ (479 ) $ 599 The components of income tax expense (benefit) were: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Current - Federal $ 703 $ 1,063 $ 739 $ 1,063 Deferred - Federal 145 (338 ) (1,218 ) (464 ) Total $ 848 $ 725 $ (479 ) $ 599 The primary difference between the effective tax rate and the federal statutory income tax rate for the three month and six month periods ended June 30, 2018 resulted from the dividends-received deduction (“DRD”). 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 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, 2017 resulted from the DRD and the small life insurance company deduction (“SLD”), which was subsequently repealed by tax reform enacted on December 22, 2017. Under the then-applicable tax rules, the SLD varied in amount and was determined at a rate of 60 percent of the tentative life insurance company taxable income (“LICTI”). The SLD for any taxable year was reduced (but not below zero) by 15 percent of the tentative LICTI for such taxable year as it exceeded $3,000 and was ultimately phased out at $15,000.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9. 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.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Information [Abstract]
Segment Information	Note 10. Segment Information The Parent’s primary insurance subsidiaries, American Southern and 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 (loss) before income taxes for each business unit for the three month and six month periods ended June 30, 2018 and 2017. Revenues Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 American Southern $ 14,643 $ 14,054 $ 28,176 $ 28,355 Bankers Fidelity 31,641 28,559 61,754 58,096 Corporate and Other 3,159 1,019 53 1,040 Total revenue $ 49,443 $ 43,632 $ 89,983 $ 87,491 Income (Loss) Before Income Taxes Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 American Southern $ 1,929 $ 1,931 $ 2,897 $ 4,081 Bankers Fidelity 261 623 (2,274 ) (212 ) Corporate and Other 1,843 (369 ) (2,941 ) (2,031 ) Income (loss) before income taxes $ 4,033 $ 2,185 $ (2,318 ) $ 1,838

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 11. Accumulated Other Comprehensive Income (Loss) The following table sets forth the balance of the only component of accumulated other comprehensive income (loss) as of June 30, 2018 and December 31, 2017, and the changes in the balance of that component thereof during the six month period ended June 30, 2018, net of taxes. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2017 $ 9,751 Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018 (9,825 ) Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018 2,100 Total effect of adoption of updated accounting guidance at January 1, 2018 (7,725 ) Other comprehensive loss before reclassifications (8,208 ) Amounts reclassified from accumulated other comprehensive loss (247 ) Net current period other comprehensive loss (8,455 ) Balance, June 30, 2018 $ (6,429 )

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions For the six month periods ended June 30, 2018 and 2017, Gray Television, Inc., a related party, paid the Company approximately $207 and $296, respectively, in employer paid insurance premiums related to a group accident plan.

Recently Issued Accounting St20

Recently Issued Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2018
Recently Issued Accounting Standards [Abstract]
Adoption of New Accounting Standards	Adoption of New Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”). The FASB issued this guidance for the effect on deferred tax assets and liabilities related to items recorded in accumulated other comprehensive income (“AOCI”) resulting from legislated tax reform enacted on December 22, 2017. The tax reform reduced the federal tax rate applied to the Company’s deferred tax balances from 35% to 21% on enactment. The Company recorded the total effect of the change in enacted tax rates on deferred tax balances in the income tax expense component of net income. ASU 2018-02 permits the Company to reclassify out of AOCI and into retained earnings the “stranded” tax effects that resulted from recording the tax effects of unrealized investment gains at a 35% tax rate because the 14% reduction in tax rate was recognized in net income instead of other comprehensive income. The Company adopted ASU 2018-02 as of January 1, 2018. As a result, on January 1, 2018, the Company reclassified $2,100 of stranded tax effects related to continuing operations which increased AOCI and reduced retained earnings. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The issues addressed in ASU 2016-15 are: 1) debt prepayment or debt extinguishment costs, 2) settlement of zero-coupon debt instruments, 3) contingent consideration payments made after a business combination, 4) proceeds from the settlement of insurance claims, 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, 6) distributions received from equity method investees, 7) beneficial interests in securitization transactions and 8) separately identifiable cash flows and application of the predominance principle. The Company adopted ASU 2016-15 as of January 1, 2018, which impacted the classification of distributions from equity method investees. The Company made the election to use the nature of distributions approach. For the six month period ended June 30, 2018, the Company classified distributions from equity method investees of $202 as cash flows from operating activities and reclassified $58 as cash flows from investing activities to cash flows from operating activities for the six month period ended June 30, 2017, in its consolidated statements of cash flows. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The guidance requires investments in equity securities to be measured at fair value with any changes in valuation reported in net income except for investments that are consolidated or are accounted for under the equity method of accounting. The guidance also requires a deferred tax asset resulting from net unrealized losses on available-for-sale (AFS) fixed maturities that are recognized in AOCI to be evaluated for recoverability in combination with the Company’s other deferred tax assets. Under previous guidance, the Company measured investments in equity securities at fair value with any changes in fair value reported in other comprehensive income. The Company adopted ASU 2016-01 as of January 1, 2018. The adoption of this guidance resulted in the recognition of $9,825 of net after tax unrealized gains on equity securities as a cumulative effect adjustment that increased retained earnings as of January 1, 2018 and decreased AOCI by the same amount. The Company elected to report changes in the fair value of equity securities in a separate line item on the Company’s consolidated statements of operations. At December 31, 2017, equity securities were classified as AFS in the Company’s consolidated balance sheets. However, upon adoption, the updated guidance eliminated the AFS balance sheet classification for equity securities. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09, as modified, provides guidance for recognizing revenue which excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. The Company adopted ASU No. 2014-09 as of January 1, 2018. For the six months ended June 30, 2018, approximately $57, or less than one-tenth of 1% of the Company’s total revenues, were within the scope of this updated guidance. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2018
Investments [Abstract]
Investments Aggregated by Type and Industry	Fixed maturities were comprised of the following: June 30, 2018 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 27,776 $ 12 $ 1,089 $ 28,853 Obligations of states and political subdivisions 9,363 346 88 9,105 Corporate securities: Utilities and telecom 18,963 1,030 859 18,792 Financial services 51,649 1,070 2,145 52,724 Other business – diversified 47,222 312 2,802 49,712 Other consumer – diversified 53,691 91 4,017 57,617 Total corporate securities 171,525 2,503 9,823 178,845 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 208,856 $ 2,861 $ 11,000 $ 216,995 December 31, 2017 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Fixed maturities: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies and authorities $ 31,155 $ 149 $ 511 $ 31,517 Obligations of states and political subdivisions 10,809 630 1 10,180 Corporate securities: Utilities and telecom 21,882 1,709 130 20,303 Financial services 53,686 2,049 453 52,090 Other business – diversified 44,184 1,024 1,349 44,509 Other consumer – diversified 53,200 924 1,477 53,753 Total corporate securities 172,952 5,706 3,409 170,655 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 215,108 $ 6,485 $ 3,921 $ 212,544 Bonds having an amortized cost of $10,647 and $11,178 and included in the tables above were on deposit with insurance regulatory authorities as of June 30, 2018 and December 31, 2017, respectively, in accordance with statutory requirements. Equity securities were comprised of the following: June 30, 2018 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,509 $ 545 $ - $ 964 Financial services 5,553 769 - 4,784 Other business – diversified 282 235 - 47 Other consumer – diversified 15,681 10,558 - 5,123 Total equity securities $ 23,025 $ 12,107 $ - $ 10,918 December 31, 2017 Carrying Value Gross Unrealized Gains Gross Unrealized Losses Cost or Amortized Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,588 $ 624 $ - $ 964 Financial services 5,634 851 - 4,783 Other business – diversified 297 250 - 47 Other consumer – diversified 15,836 10,712 - 5,124 Total equity securities $ 23,355 $ 12,437 $ - $ 10,918
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, 2018 and December 31, 2017 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, 2018 December 31, 2017 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 3,900 $ 3,900 $ 1,653 $ 1,655 Due after one year through five years 18,131 18,413 13,738 14,056 Due after five years through ten years 124,530 129,930 112,847 112,116 Due after ten years 45,459 47,123 67,328 64,928 Varying maturities 16,836 17,629 19,542 19,789 Totals $ 208,856 $ 216,995 $ 215,108 $ 212,544
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, 2018 and December 31, 2017. June 30, 2018 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 $ 11,636 $ 359 $ 14,630 $ 730 $ 26,266 $ 1,089 Obligations of states and political subdivisions 3,982 88 - - 3,982 88 Corporate securities 109,673 6,062 29,694 3,761 139,367 9,823 Total temporarily impaired securities $ 125,291 $ 6,509 $ 44,324 $ 4,491 $ 169,615 $ 11,000 December 31, 2017 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 $ 12,175 $ 162 $ 12,737 $ 349 $ 24,912 $ 511 Obligations of states and political subdivisions 999 1 - - 999 1 Corporate securities 40,108 653 32,667 2,756 72,775 3,409 Total temporarily impaired securities $ 53,282 $ 816 $ 45,404 $ 3,105 $ 98,686 $ 3,921
Financial Instruments Carried at Fair Value Measured on a Recurring Basis	As of June 30, 2018, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Fixed maturities $ - $ 207,510 $ 1,346 (1) $ 208,856 Equity securities 17,704 5,321 (1) - 23,025 Cash equivalents 6,648 - - 6,648 Total $ 24,352 $ 212,831 $ 1,346 $ 238,529 (1) All underlying securities are financial service industry related. As of December 31, 2017, financial instruments carried at fair value were measured on a recurring basis as summarized below: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Fixed maturities $ - $ 213,739 $ 1,369 (1) $ 215,108 Equity securities 17,973 5,382 (1) - 23,355 Cash equivalents 13,855 - - 13,855 Total $ 31,828 $ 219,121 $ 1,369 $ 252,318 (1) All underlying securities are financial service industry related.
Roll-forward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following tables provide 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, 2018 and 2017. Fixed Maturities Balance, December 31, 2017 $ 1,369 Total unrealized losses included in other comprehensive loss (30 ) Balance, March 31, 2018 1,339 Total unrealized gains included in other comprehensive loss 7 Balance, June 30, 2018 $ 1,346 Fixed Maturities Balance, December 31, 2016 $ 1,264 Total unrealized gains included in other comprehensive income 38 Balance, March 31, 2017 1,302 Total unrealized gains included in other comprehensive income 30 Balance, June 30, 2017 $ 1,332
Summary of Realized Investment Gains (Losses)	The following table is a summary of realized investment gains (losses) for the three month and six month periods ended June 30, 2018 and 2017. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Gross gains $ 247 $ 1,409 $ 617 $ 2,340 Gross losses (304 ) (13 ) (304 ) (61 ) Realized investment gains (losses), net $ (57 ) $ 1,396 $ 313 $ 2,279
Unrealized Gains (Losses) Related to Equity Securities	The following table presents the portion of unrealized gains (losses) related to equity securities still held for the three month and six month periods ended June 30, 2018 and 2017. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Net gains (losses) recognized during the period on equity securities $ 4,089 $ - $ (330 ) $ - Less: Net gains (losses) recognized during the period on equity securities sold during the period - - - - Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ 4,089 $ - $ (330 ) $ -

Fair Values of Financial Inst22

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 and December 31, 2017. June 30, 2018 December 31, 2017 Level in Fair Value Hierarchy (1) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and cash equivalents Level 1 $ 7,487 $ 7,487 $ 24,547 $ 24,547 Fixed maturities (1) 208,856 208,856 215,108 215,108 Equity securities (1) 23,025 23,025 23,355 23,355 Other invested assets Level 3 11,417 11,417 5,626 5,626 Policy loans Level 2 2,140 2,140 2,146 2,146 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 3 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Liabilities for Unpaid Losses23

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]
Reconciliation of Total Incurred Losses to Total Insurance Benefits and Losses	Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred: Six Months Ended June 30, 2018 2017 Total incurred losses $ 63,067 $ 54,428 Cash surrender value and matured endowments 707 817 Benefit reserve changes 1,617 1,784 Total insurance benefits and losses incurred $ 65,391 $ 57,029
Property and Casualty Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]
Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows: Property and Casualty Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 47,997 $ 49,556 Less: Reinsurance recoverable on unpaid losses (7,220 ) (9,806 ) Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 40,777 39,750 Incurred related to: Current accident year 18,531 17,306 Prior accident year development (1) (659 ) (1,090 ) Total incurred 17,872 16,216 Paid related to: Current accident year 5,736 5,631 Prior accident years 10,363 10,065 Total paid 16,099 15,696 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 42,550 40,270 Plus: Reinsurance recoverable on unpaid losses 7,760 10,027 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 50,310 $ 50,297 (1) In establishing property and casualty reserves, the Company initially reserves for losses at the higher end of the reasonable range if no other value within the range is determined to be more probable. Selection of such an initial loss estimate is an attempt by management to give recognition that initial claims information received generally is not conclusive with respect to legal liability, is generally not comprehensive with respect to magnitude of loss and generally, based on historical experience, will develop more adversely as time passes and more information becomes available. Accordingly, the Company generally experiences reserve redundancies when analyzing the development of prior year losses in a current period.
Medicare Supplement Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]
Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows: Medicare Supplement Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 15,859 $ 11,263 Less: Reinsurance recoverable on unpaid losses (4,748 ) (990 ) Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 11,111 10,273 Incurred related to: Current accident year 39,951 33,674 Prior accident year development 606 587 Total incurred 40,557 34,261 Paid related to: Current accident year 27,722 24,301 Prior accident years 11,006 9,706 Total paid 38,728 34,007 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 12,940 10,527 Plus: Reinsurance recoverable on unpaid losses 6,907 2,746 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 19,847 $ 13,273
Other Life and Health Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]
Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows: Other Life and Health Insurance Products Six Months Ended June 30, 2018 2017 Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,833 $ 1,743 Less: Reinsurance recoverable on unpaid losses - - Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net 1,833 1,743 Incurred related to: Current accident year 4,748 3,995 Prior accident year development (110 ) (44 ) Total incurred 4,638 3,951 Paid related to: Current accident year 3,050 2,685 Prior accident years 1,503 1,524 Total paid 4,553 4,209 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 1,918 1,485 Plus: Reinsurance recoverable on unpaid losses - - Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,918 $ 1,485

Junior Subordinated Debentures

Junior Subordinated Debentures (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 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, 2018 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance June 30, 2018 $ 18,042 $ 15,696 Net balance December 31, 2017 $ 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 (Loss) Per Common Sh25

Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings (Loss) Per Common Share [Abstract]
Reconciliation of Numerator and Denominator used in Earnings (Loss) per Common Share Calculations	A reconciliation of the numerator and denominator used in the earnings (loss) per common share calculations is as follows: Three Months Ended June 30, 2018 Income Shares (In thousands) Per Share Amount Basic Earnings Per Common Share: Net income $ 3,185 20,286 Less preferred stock dividends (100 ) Net income applicable to common shareholders 3,085 20,286 $ .15 Diluted Earnings Per Common Share: Effect of Series D preferred stock 100 1,378 Net income applicable to common shareholders $ 3,185 21,664 $ .15 Three Months Ended June 30, 2017 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,460 20,412 Less preferred stock dividends (100 ) - Net income applicable to common shareholders $ 1,360 20,412 $ .07 Six Months Ended June 30, 2018 Income Shares (In thousands) Per Share Amount Basic and Diluted Loss Per Common Share: Net loss $ (1,839 ) 20,352 Less preferred stock dividends (199 ) - Net loss applicable to common shareholders $ (2,038 ) 20,352 $ (.10) Six Months Ended June 30, 2017 Income Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,239 20,422 Less preferred stock dividends (199 ) - Net income applicable to common shareholders $ 1,040 20,422 $ .05

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2018
Income Taxes [Abstract]
Reconciliation of Income Tax Expense (Benefit)	A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax expense (benefit) is as follows: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively $ 847 $ 764 $ (487 ) $ 643 Dividends-received deduction (10 ) (24 ) (20 ) (48 ) Small life insurance company deduction - (30 ) - (30 ) Other permanent differences 11 15 28 34 Income tax expense (benefit) $ 848 $ 725 $ (479 ) $ 599
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) were: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Current - Federal $ 703 $ 1,063 $ 739 $ 1,063 Deferred - Federal 145 (338 ) (1,218 ) (464 ) Total $ 848 $ 725 $ (479 ) $ 599

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Information [Abstract]
Revenue and Income (Loss) Before Income Taxes for Each Business Unit	The following sets forth the revenue and income (loss) before income taxes for each business unit for the three month and six month periods ended June 30, 2018 and 2017. Revenues Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 American Southern $ 14,643 $ 14,054 $ 28,176 $ 28,355 Bankers Fidelity 31,641 28,559 61,754 58,096 Corporate and Other 3,159 1,019 53 1,040 Total revenue $ 49,443 $ 43,632 $ 89,983 $ 87,491 Income (Loss) Before Income Taxes Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 American Southern $ 1,929 $ 1,931 $ 2,897 $ 4,081 Bankers Fidelity 261 623 (2,274 ) (212 ) Corporate and Other 1,843 (369 ) (2,941 ) (2,031 ) Income (loss) before income taxes $ 4,033 $ 2,185 $ (2,318 ) $ 1,838

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Changes in Balances of Each Component of Accumulated Other Comprehensive Income (Loss), Net of Taxes	The following table sets forth the balance of the only component of accumulated other comprehensive income (loss) as of June 30, 2018 and December 31, 2017, and the changes in the balance of that component thereof during the six month period ended June 30, 2018, net of taxes. Unrealized Gains on Available-for- Sale Securities Balance, December 31, 2017 $ 9,751 Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018 (9,825 ) Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018 2,100 Total effect of adoption of updated accounting guidance at January 1, 2018 (7,725 ) Other comprehensive loss before reclassifications (8,208 ) Amounts reclassified from accumulated other comprehensive loss (247 ) Net current period other comprehensive loss (8,455 ) Balance, June 30, 2018 $ (6,429 )

Basis of Presentation (Details)

Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2018Segment
Basis of Presentation [Abstract]
Number of business units	2

Recently Issued Accounting St30

Recently Issued Accounting Standards (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Adoption of New Accounting Pronouncements [Abstract]
Federal corporate tax rate			21.00%	35.00%	35.00%
Reduction in tax rate			14.00%
Classified distributions from equity method investees as cash flows from operating activities			$ 202	$ 58
Cash flows from investing activities			(9,719)	5,678
Cash flows from operating activities			(6,396)	(5,702)
Revenues within scope of updated accounting guidance	$ 49,443	$ 43,632	89,983	87,491
ASU 2018-02 [Member]
Adoption of New Accounting Pronouncements [Abstract]
Reclassification of standard tax effects on AOCI and retained earnings					$ 0
ASU 2018-02 [Member] | Retained Earnings [Member]
Adoption of New Accounting Pronouncements [Abstract]
Reclassification of standard tax effects on AOCI and retained earnings					(2,100)
ASU 2018-02 [Member] | Accumulated Other Comprehensive Income [Member]
Adoption of New Accounting Pronouncements [Abstract]
Reclassification of standard tax effects on AOCI and retained earnings					2,100
ASU 2016-15 [Member]
Adoption of New Accounting Pronouncements [Abstract]
Classified distributions from equity method investees as cash flows from operating activities			202
Cash flows from investing activities				(58)
Cash flows from operating activities				$ 58
ASU 2016-01 [Member]
Adoption of New Accounting Pronouncements [Abstract]
Cumulative effect adjustment that increased retained earnings and decreased AOCI					0
ASU 2016-01 [Member] | Retained Earnings [Member]
Adoption of New Accounting Pronouncements [Abstract]
Cumulative effect adjustment that increased retained earnings and decreased AOCI					9,825
ASU 2016-01 [Member] | Accumulated Other Comprehensive Income [Member]
Adoption of New Accounting Pronouncements [Abstract]
Cumulative effect adjustment that increased retained earnings and decreased AOCI					$ (9,825)
ASU 2014-09 [Member]
Adoption of New Accounting Pronouncements [Abstract]
Revenues within scope of updated accounting guidance			$ 57
Revenues within scope of updated accounting guidance, as a percentage of total revenues (less than)			0.10%

Investments, Aggregated by Type

Investments, Aggregated by Type and Industry (Details) $ in Thousands	Jun. 30, 2018USD ($)Securities	Dec. 31, 2017USD ($)Securities
Investments aggregated by type and industry [Abstract]
Carrying value	$ 208,856	$ 215,108
Gross unrealized gains	2,861	6,485
Gross unrealized losses	11,000	3,921
Cost or amortized cost	216,995	212,544
Carrying value	23,025	23,355
Gross unrealized gains	12,107	12,437
Gross unrealized losses	0	0
Cost or amortized cost	10,918	10,918
Amortized cost of bonds on deposit with insurance regulatory authorities	$ 10,647	$ 11,178
Number of securities in unrealized loss position | Securities	131	69
Fixed Maturities [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	$ 27,776	$ 31,155
Gross unrealized gains	12	149
Gross unrealized losses	1,089	511
Cost or amortized cost	28,853	31,517
Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	9,363	10,809
Gross unrealized gains	346	630
Gross unrealized losses	88	1
Cost or amortized cost	9,105	10,180
Fixed Maturities [Member] | Corporate Securities [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	171,525	172,952
Gross unrealized gains	2,503	5,706
Gross unrealized losses	9,823	3,409
Cost or amortized cost	178,845	170,655
Fixed Maturities [Member] | Corporate Securities [Member] | Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	18,963	21,882
Gross unrealized gains	1,030	1,709
Gross unrealized losses	859	130
Cost or amortized cost	18,792	20,303
Fixed Maturities [Member] | Corporate Securities [Member] | Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	51,649	53,686
Gross unrealized gains	1,070	2,049
Gross unrealized losses	2,145	453
Cost or amortized cost	52,724	52,090
Fixed Maturities [Member] | Corporate Securities [Member] | Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	47,222	44,184
Gross unrealized gains	312	1,024
Gross unrealized losses	2,802	1,349
Cost or amortized cost	49,712	44,509
Fixed Maturities [Member] | Corporate Securities [Member] | Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	53,691	53,200
Gross unrealized gains	91	924
Gross unrealized losses	4,017	1,477
Cost or amortized cost	57,617	53,753
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	192
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Cost or amortized cost	192	192
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member] | Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	192	192
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Cost or amortized cost	192	192
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	1,509	1,588
Gross unrealized gains	545	624
Gross unrealized losses	0	0
Cost or amortized cost	964	964
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	5,553	5,634
Gross unrealized gains	769	851
Gross unrealized losses	0	0
Cost or amortized cost	4,784	4,783
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	282	297
Gross unrealized gains	235	250
Gross unrealized losses	0	0
Cost or amortized cost	47	47
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Carrying value	15,681	15,836
Gross unrealized gains	10,558	10,712
Gross unrealized losses	0	0
Cost or amortized cost	$ 5,123	$ 5,124

Investments, Fixed Maturities b

Investments, Fixed Maturities by Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Carrying Value [Abstract]
Due in one year or less	$ 3,900	$ 1,653
Due after one year through five years	18,131	13,738
Due after five years through ten years	124,530	112,847
Due after ten years	45,459	67,328
Varying maturities	16,836	19,542
Totals	208,856	215,108
Amortized Cost [Abstract]
Due in one year or less	3,900	1,655
Due after one year through five years	18,413	14,056
Due after five years through ten years	129,930	112,116
Due after ten years	47,123	64,928
Varying maturities	17,629	19,789
Cost or amortized cost	$ 216,995	$ 212,544

Investments, Securities with Co

Investments, Securities with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	$ 125,291	$ 53,282
12 months or longer	44,324	45,404
Total	169,615	98,686
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	6,509	816
12 months or longer	4,491	3,105
Total	11,000	3,921
U.S. Treasury Securities and Obligations of U.S. Government Agencies and Authorities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	11,636	12,175
12 months or longer	14,630	12,737
Total	26,266	24,912
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	359	162
12 months or longer	730	349
Total	1,089	511
Obligations of States and Political Subdivisions [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	3,982	999
12 months or longer	0	0
Total	3,982	999
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	88	1
12 months or longer	0	0
Total	88	1
Corporate Securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	109,673	40,108
12 months or longer	29,694	32,667
Total	139,367	72,775
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	6,062	653
12 months or longer	3,761	2,756
Total	$ 9,823	$ 3,409

Investments, Fair Value Measure

Investments, Fair Value Measured on a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		$ 208,856	$ 215,108
Equity securities		23,025	23,355
Recurring [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		208,856	215,108
Equity securities		23,025	23,355
Cash equivalents		6,648	13,855
Assets at fair value		238,529	252,318
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		0	0
Equity securities		17,704	17,973
Cash equivalents		6,648	13,855
Assets at fair value		24,352	31,828
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		207,510	213,739
Equity securities	[1]	5,321	5,382
Cash equivalents		0	0
Assets at fair value		212,831	219,121
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities	[1]	1,346	1,369
Equity securities		0	0
Cash equivalents		0	0
Assets at fair value		$ 1,346	$ 1,369
[1]	All underlying securities are financial service industry related.

Investments, Roll-forward of Fi

Investments, Roll-forward of Financial Instruments Measured at Fair Value (Details) - Fixed Maturities [Member] - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 1,339	$ 1,369	$ 1,302	$ 1,264
Total unrealized gains (losses) included in other comprehensive income (loss)	7	(30)	30	38
Balance, end of period	$ 1,346	$ 1,339	$ 1,332	$ 1,302

Investments, Summary of Realize

Investments, Summary of Realized Investment Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Summary of realized investment gains (losses) [Abstract]
Gross gains	$ 247	$ 1,409	$ 617	$ 2,340
Gross losses	(304)	(13)	(304)	(61)
Realized investment gains (losses), net	$ (57)	$ 1,396	$ 313	$ 2,279

Investments, Unrealized Gains (

Investments, Unrealized Gains (Losses) Related to Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Investments [Abstract]
Net gains (losses) recognized during the period on equity securities	$ 4,089	$ 0	$ (330)	$ 0
Less: Net gains (losses) recognized during the period on equity securities sold during the period	0	0	0	0
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$ 4,089	$ 0	$ (330)	$ 0

Fair Values of Financial Inst38

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Assets [Abstract]
Fixed maturities		$ 208,856	$ 215,108
Equity securities		23,025	23,355
Carrying Amount [Member]
Assets [Abstract]
Fixed maturities	[1]	208,856	215,108
Equity securities	[1]	23,025	23,355
Carrying Amount [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		7,487	24,547
Carrying Amount [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,140	2,146
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		11,417	5,626
Estimated Fair Value [Member]
Assets [Abstract]
Fixed maturities	[1]	208,856	215,108
Equity securities	[1]	23,025	23,355
Estimated Fair Value [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		7,487	24,547
Estimated Fair Value [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,140	2,146
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		$ 11,417	$ 5,626
[1]	See Note 3 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Liabilities for Unpaid Losses39

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Roll Forward]
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross				$ 65,689
Paid related to [Abstract]
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		$ 72,075		72,075
Reconciliation of total incurred claims to total insurance benefits and losses incurred [Abstract]
Total incurred losses				63,067	$ 54,428
Cash surrender value and matured endowments				707	817
Benefit reserve changes				1,617	1,784
Total insurance benefits and losses incurred		32,219	$ 27,032	65,391	57,029
Property and Casualty Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Roll Forward]
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross				47,997	49,556
Less: Reinsurance recoverable on unpaid losses				(7,220)	(9,806)
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net				40,777	39,750
Incurred related to [Abstract]
Current accident year				18,531	17,306
Prior accident year development	[1]			(659)	(1,090)
Total incurred				17,872	16,216
Paid related to [Abstract]
Current accident year				5,736	5,631
Prior accident years				10,363	10,065
Total paid				16,099	15,696
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		42,550	40,270	42,550	40,270
Plus: Reinsurance recoverable on unpaid losses		7,760	10,027	7,760	10,027
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		50,310	50,297	50,310	50,297
Medicare Supplement Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Roll Forward]
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross				15,859	11,263
Less: Reinsurance recoverable on unpaid losses				(4,748)	(990)
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net				11,111	10,273
Incurred related to [Abstract]
Current accident year				39,951	33,674
Prior accident year development				606	587
Total incurred				40,557	34,261
Paid related to [Abstract]
Current accident year				27,722	24,301
Prior accident years				11,006	9,706
Total paid				38,728	34,007
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		12,940	10,527	12,940	10,527
Plus: Reinsurance recoverable on unpaid losses		6,907	2,746	6,907	2,746
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		19,847	13,273	19,847	13,273
Other Life and Health Insurance Products [Member]
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Roll Forward]
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross				1,833	1,743
Less: Reinsurance recoverable on unpaid losses				0	0
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net				1,833	1,743
Incurred related to [Abstract]
Current accident year				4,748	3,995
Prior accident year development				(110)	(44)
Total incurred				4,638	3,951
Paid related to [Abstract]
Current accident year				3,050	2,685
Prior accident years				1,503	1,524
Total paid				4,553	4,209
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		1,918	1,485	1,918	1,485
Plus: Reinsurance recoverable on unpaid losses		0	0	0	0
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		$ 1,918	$ 1,485	$ 1,918	$ 1,485
[1]	In establishing property and casualty reserves, the Company initially reserves for losses at the higher end of the reasonable range if no other value within the range is determined to be more probable. Selection of such an initial loss estimate is an attempt by management to give recognition that initial claims information received generally is not conclusive with respect to legal liability, is generally not comprehensive with respect to magnitude of loss and generally, based on historical experience, will develop more adversely as time passes and more information becomes available. Accordingly, the Company generally experiences reserve redundancies when analyzing the development of prior year losses in a current period.

Junior Subordinated Debenture40

Junior Subordinated Debentures (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)TrustQuarter$ / sharesshares
Debt Instruments [Abstract]
Number of Connecticut statutory business trusts | Trust	2
Financial structure of statutory business trusts [Abstract]
Net balance June 30, 2018	$ 33,738
Net balance December 31, 2017	$ 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	$ 18,042	[1],[2]
Balance June 30, 2018	18,042	[1],[2]
Less: Treasury debt	0	[1],[2],[3]
Net balance June 30, 2018	18,042	[1],[2]
Net balance December 31, 2017	$ 18,042	[1],[2]
Coupon rate	LIBOR + 4.00%	[1],[2]
Interest payable	Quarterly	[1],[2]
Maturity date	Dec. 4, 2032	[1],[2]
Redeemable by issuer	Yes	[1],[2]
Atlantic American Statutory Trust I [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	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	Atlantic American Corporation	[4]
Atlantic American Statutory Trust I [Member] | Trust Preferred Securities [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	4.00%
Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member]
Financial structure of statutory business trusts [Abstract]
Principal amount owed	$ 23,196	[1],[2]
Balance June 30, 2018	23,196	[1],[2]
Less: Treasury debt	(7,500)	[1],[2],[3]
Net balance June 30, 2018	15,696	[1],[2]
Net balance December 31, 2017	$ 15,696	[1],[2]
Coupon rate	LIBOR + 4.10%	[1],[2]
Interest payable	Quarterly	[1],[2]
Maturity date	May 15, 2033	[1],[2]
Redeemable by issuer	Yes	[1],[2]
Atlantic American Statutory Trust II [Member] | Junior Subordinated Debentures [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	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	Atlantic American Corporation	[4]
Atlantic American Statutory Trust II [Member] | Trust Preferred Securities [Member] | LIBOR [Member]
Financial structure of statutory business trusts [Abstract]
Basis spread on variable rate	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 (Loss) Per Common Sh41

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income (Loss) [Abstract]
Net income (loss)	$ 3,185	$ 1,460	$ (1,839)	$ 1,239
Less: preferred stock dividends	(100)	(100)	(199)	(199)
Net income (loss) applicable to common shareholders	3,085	$ 1,360	$ (2,038)	$ 1,040
Diluted Earnings Per Common Share [Abstract]
Net income applicable to common shareholders	$ 3,185
Shares [Abstract]
Weighted average shares outstanding, Basic (in shares)	20,286
Weighted average shares outstanding, Diluted (in shares)	21,664
Weighted average shares outstanding (in shares)		20,412	20,352	20,422
Per Share Amount [Abstract]
Net income applicable to common shareholders, Basic (in dollars per share)	$ 0.15
Net income applicable to common shareholders, Diluted (in dollars per share)	0.15
Net income (loss) applicable to common shareholders (in dollars per share)	$ 0.15	$ 0.07	$ (0.10)	$ 0.05
Series D Preferred Stock [Member]
Diluted Earnings Per Common Share [Abstract]
Effect of Series D preferred stock	$ 100
Shares [Abstract]
Effects of Series D preferred stock (in shares)	1,378

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Reconciliation of income tax expense (benefit) [Abstract]
Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively	$ 847	$ 764	$ (487)	$ 643
Dividends-received deduction	(10)	(24)	(20)	(48)
Small life insurance company deduction	0	(30)	0	(30)
Other permanent differences	11	15	28	34
Income tax expense (benefit)	848	725	$ (479)	$ 599
Federal statutory income tax rate			21.00%	35.00%	35.00%
Components of income tax expense (benefit) [Abstract]
Current - Federal	703	1,063	$ 739	$ 1,063
Deferred - Federal	145	(338)	(1,218)	(464)
Income tax expense (benefit)	$ 848	725	$ (479)	$ 599
SLD as percentage of life insurance company taxable income				60.00%
Percentage of reduction in SLD				15.00%
Tentative amount of LICTI to reduction of SLD		3,000		$ 3,000
Tentative amount of LICTI to phase out of SLD		$ 15,000		$ 15,000

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Segment	Jun. 30, 2017USD ($)
Segment Information [Abstract]
Number of business units | Segment			2
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	$ 49,443	$ 43,632	$ 89,983	$ 87,491
Income (loss) before income taxes	4,033	2,185	(2,318)	1,838
Operating Segments [Member] | American Southern [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	14,643	14,054	28,176	28,355
Income (loss) before income taxes	1,929	1,931	2,897	4,081
Operating Segments [Member] | Bankers Fidelity [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	31,641	28,559	61,754	58,096
Income (loss) before income taxes	261	623	(2,274)	(212)
Corporate and Other [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	3,159	1,019	53	1,040
Income (loss) before income taxes	$ 1,843	$ (369)	$ (2,941)	$ (2,031)

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Beginning Balance			$ 112,983	$ 105,506
Total other comprehensive income (loss), net of tax	$ (2,811)	$ (793)	(8,455)	1,391
Ending Balance	101,667	107,536	101,667	107,536
ASU 2016-01 [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018			0
ASU 2018-02 [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018			0
AOCI Attributable to Parent [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Beginning Balance			9,751	5,830
Total effect of adoption of updated accounting guidance at January 1, 2018			(7,725)
Total other comprehensive income (loss), net of tax			(8,455)	1,391
Ending Balance	$ (6,429)	$ 7,221	(6,429)	$ 7,221
AOCI Attributable to Parent [Member] | ASU 2016-01 [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018			(9,825)
AOCI Attributable to Parent [Member] | ASU 2018-02 [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018			2,100
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in balances of each component of accumulated other comprehensive income (loss), net of taxes [Roll Forward]
Other comprehensive loss before reclassifications			(8,208)
Amounts reclassified from accumulated other comprehensive loss			(247)
Total other comprehensive income (loss), net of tax			$ (8,455)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Members of Management [Member]
Related Party Transaction [Abstract]
Premiums paid by Gray for group accident plan	$ 207	$ 296