Atlantic American (AAME) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 02, 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 Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		20,199,314
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 10,038	$ 24,547
Investments:
Fixed maturities, available-for-sale (cost: $215,698 and $212,544)	207,138	215,108
Equity securities (cost: $10,515 and $10,918)	23,705	23,355
Other invested assets	10,817	5,626
Policy loans	2,084	2,146
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	245,020	247,511
Receivables:
Reinsurance	24,022	17,613
Insurance premiums and other (net of allowance for doubtful accounts: $216 and $209)	14,972	13,241
Deferred income taxes, net	3,077	0
Deferred acquisition costs	34,934	32,694
Other assets	4,942	5,089
Intangibles	2,544	2,544
Total assets	339,549	343,239
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	88,437	82,435
Unearned premiums	26,272	23,449
Losses and claims	71,816	65,689
Other policy liabilities	1,288	2,010
Total insurance reserves and policyholder funds	187,813	173,583
Accounts payable and accrued expenses	15,880	22,342
Deferred income taxes, net	0	593
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	237,431	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: 20,218,836 and 20,449,531	22,401	22,401
Additional paid-in capital	57,419	57,495
Retained earnings	37,107	30,993
Accumulated other comprehensive income (loss)	(6,762)	9,751
Unearned stock grant compensation	(252)	(579)
Treasury stock, at cost: 2,182,058 and 1,951,363 shares	(7,850)	(7,133)
Total shareholders' equity	102,118	112,983
Total liabilities and shareholders' equity	$ 339,549	$ 343,239

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Investments:
Fixed maturities, cost	$ 215,698	$ 212,544
Equity securities, cost	10,515	10,918
Receivables:
Insurance premiums and other, allowance for doubtful accounts	$ 216	$ 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)	20,218,836	20,449,531
Treasury stock, at cost (in shares)	2,182,058	1,951,363

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue:
Insurance premiums	$ 42,557	$ 42,094	$ 127,604	$ 122,996
Net investment income	2,215	2,136	7,111	6,380
Realized investment gains, net	484	539	797	2,818
Unrealized gains on equity securities, net	1,083	0	753	0
Other income	31	29	88	95
Total revenue	46,370	44,798	136,353	132,289
Benefits and expenses:
Insurance benefits and losses incurred	33,087	30,417	98,478	87,446
Commissions and underwriting expenses	8,722	10,176	28,456	31,800
Interest expense	529	440	1,497	1,273
Other expense	2,960	3,134	9,168	9,301
Total benefits and expenses	45,298	44,167	137,599	129,820
Income (loss) before income taxes	1,072	631	(1,246)	2,469
Income tax expense (benefit)	138	(116)	(341)	483
Net income (loss)	934	747	(905)	1,986
Preferred stock dividends	(100)	(100)	(299)	(299)
Net income (loss) applicable to common shareholders	$ 834	$ 647	$ (1,204)	$ 1,687
Earnings (loss) per common share (basic and diluted) (in dollars per share)	$ 0.04	$ 0.03	$ (0.06)	$ 0.08
Dividends per common share (in dollars per share)	$ 0	$ 0	$ 0.02	$ 0.02

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) [Abstract]
Net income (loss)	$ 934	$ 747	$ (905)	$ 1,986
Available-for-sale securities:
Gross unrealized holding gain (loss) arising in the period	63	2,852	(10,327)	7,271
Related income tax effect	(13)	(997)	2,169	(2,544)
Subtotal	50	1,855	(8,158)	4,727
Less: reclassification adjustment for net realized losses included in net income (loss)	(484)	(539)	(797)	(2,818)
Related income tax effect	101	188	167	986
Subtotal	(383)	(351)	(630)	(1,832)
Total other comprehensive income (loss), net of tax	(333)	1,504	(8,788)	2,895
Total comprehensive income (loss)	$ 601	$ 2,251	$ (9,693)	$ 4,881

CONSOLIDATED STATEMENTS OF SHAR

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	1,986	0	0	0	1,986
Other comprehensive income (loss), net of tax	0	0	0	0	2,895	0	0	2,895
Dividends on common stock	0	0	0	(408)	0	0	0	(408)
Dividends accrued on preferred stock	0	0	0	(299)	0	0	0	(299)
Restricted stock grants, net	0	0	293	0	0	(522)	229	0
Amortization of unearned compensation	0	0	0	0	0	363	0	363
Purchase of shares for treasury	0	0	0	0	0	0	(546)	(546)
Issuance of shares under stock plans	0	0	13	0	0	0	10	23
Ending Balance at Sep. 30, 2017	55	22,401	57,420	28,551	8,725	(587)	(7,045)	109,520
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	(905)	0	0	0	(905)
Other comprehensive income (loss), net of tax	0	0	0	0	(8,788)	0	0	(8,788)
Dividends on common stock	0	0	0	(407)	0	0	0	(407)
Dividends accrued on preferred stock	0	0	0	(299)	0	0	0	(299)
Restricted stock grants, net	0	0	(88)	0	0	135	(47)	0
Amortization of unearned compensation	0	0	0	0	0	192	0	192
Purchase of shares for treasury	0	0	0	0	0	0	(463)	(463)
Net shares acquired related to employee share-based compensation plans	0	0	0	0	0	0	(223)	(223)
Issuance of shares under stock plans	0	0	12	0	0	0	16	28
Ending Balance at Sep. 30, 2018	$ 55	$ 22,401	$ 57,419	$ 37,107	$ (6,762)	$ (252)	$ (7,850)	$ 102,118

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (905)	$ 1,986
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization of deferred acquisition costs	8,986	8,696
Acquisition costs deferred	(11,226)	(11,880)
Realized investment gains, net	(797)	(2,818)
Unrealized losses on equity securities, net	(753)	0
Distributions received from equity method investees	725	58
Compensation expense related to share awards	192	363
Depreciation and amortization	783	1,149
Deferred income tax benefit	(1,335)	(423)
Increase in receivables, net	(7,882)	(8,289)
Increase in insurance reserves	14,230	12,513
Decrease in other liabilities	(6,760)	(2,096)
Other, net	(377)	(344)
Net cash used in operating activities	(5,119)	(1,085)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investments sold	28,177	52,702
Proceeds from investments matured, called or redeemed	4,577	8,982
Investments purchased	(40,827)	(63,346)
Additions to property and equipment	(252)	(101)
Net cash used in investing activities	(8,325)	(1,763)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of dividends on common stock	(407)	(408)
Proceeds from shares issued under stock plans	28	23
Treasury stock acquired - share repurchase authorization	(463)	(546)
Treasury stock acquired - net employee share-based compensation	(223)	0
Net cash used in financing activities	(1,065)	(931)
Net decrease in cash and cash equivalents	(14,509)	(3,779)
Cash and cash equivalents at beginning of period	24,547	13,252
Cash and cash equivalents at end of period	10,038	9,473
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	1,471	1,263
Cash paid for income taxes	$ 1,892	$ 1,400

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited 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 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 nine month periods ended September 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	9 Months Ended
	Sep. 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 nine month period ended September 30, 2018, the Company classified distributions from equity method investees of $725 as cash flows from operating activities and reclassified $58 as cash flows from investing activities to cash flows from operating activities for the nine month period ended September 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 nine months ended September 30, 2018, approximately $88, 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. Future Adoption of New Accounting Standards In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This guidance removes the following disclosure requirements from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (2) the policy for timing of transfers between levels, and (3) the valuation processes for Level 3 fair value measurements. This disclosure also includes the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-12, Financial Services —Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”). This guidance (1) improves the timeliness of recognizing changes in the liability for future policy benefits and modifies the rate used to discount future cash flows, (2) simplifies and improves the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts, (3) simplifies the amortization of deferred acquisition costs, and (4) improves the effectiveness of the required disclosures. ASU 2018-12 is effective for interim and annual reporting periods beginning after December 15, 2020, although earlier adoption is permitted. The Company has not yet determined the method or timing for adoption or estimated the impact on the Company’s consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). This guidance was issued to clarify the comparative reporting requirements for initial adoption and to provide an additional and optional transition method to adopt the new lease standard. The Company has not yet made an election on the optional transition method. See Note 1 – Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2017 Annual Report for more information on the future adoption of the new lease accounting standard. The Company does not expect the adoption of the new lease standard to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date.

Investments

Investments	9 Months Ended
	Sep. 30, 2018
Investments [Abstract]
Investments	Note 3. Investments The following tables set forth the estimated fair 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 September 30, 2018 and December 31, 2017. Fixed maturities were comprised of the following: September 30, 2018 Estimated Fair 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 $ 26,240 $ 7 $ 1,449 $ 27,682 Obligations of states and political subdivisions 8,224 259 135 8,100 Corporate securities: Utilities and telecom 18,891 855 756 18,792 Financial services 51,517 1,031 2,142 52,628 Other business – diversified 47,267 240 2,668 49,695 Other consumer – diversified 54,807 87 3,889 58,609 Total corporate securities 172,482 2,213 9,455 179,724 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 207,138 $ 2,479 $ 11,039 $ 215,698 December 31, 2017 Estimated Fair 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 $9,896 and $11,178 and included in the tables above were on deposit with insurance regulatory authorities as of September 30, 2018 and December 31, 2017, respectively, in accordance with statutory requirements. Equity securities were comprised of the following: September 30, 2018 Estimated Fair Value Gross Unrealized Gains Gross Unrealized Losses Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,602 $ 637 $ - $ 965 Financial services 4,770 390 - 4,380 Other business – diversified 320 273 - 47 Other consumer – diversified 17,013 11,890 - 5,123 Total equity securities $ 23,705 $ 13,190 $ - $ 10,515 December 31, 2017 Estimated Fair Value Gross Unrealized Gains Gross Unrealized Losses 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 September 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. September 30, 2018 December 31, 2017 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 3,148 $ 3,150 $ 1,653 $ 1,655 Due after one year through five years 19,055 19,408 13,738 14,056 Due after five years through ten years 126,581 131,961 112,847 112,116 Due after ten years 42,251 43,970 67,328 64,928 Varying maturities 16,103 17,209 19,542 19,789 Totals $ 207,138 $ 215,698 $ 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 September 30, 2018 and December 31, 2017. September 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 $ 3,923 $ 178 $ 20,812 $ 1,271 $ 24,735 $ 1,449 Obligations of states and political subdivisions 4,402 135 - - 4,402 135 Corporate securities 90,396 4,116 50,934 5,339 141,330 9,455 Total temporarily impaired securities $ 98,721 $ 4,429 $ 71,746 $ 6,610 $ 170,467 $ 11,039 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 September 30, 2018 and December 31, 2017, there were one hundred thirty-three 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 nine month period ended September 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 September 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 September 30, 2018 and December 31, 2017, the value of the Company’s fixed maturities valued using Level 3 criteria was $1,018 and $1,369, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations. As of September 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 Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 206,120 $ 1,018 (1) $ 207,138 Equity securities 19,155 4,550 (1) - 23,705 Cash equivalents 8,653 - - 8,653 Total $ 27,808 $ 210,670 $ 1,018 $ 239,496 (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 Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (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 nine month periods ended September 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 Total realized gains included in earnings 208 Total unrealized losses included in other comprehensive loss (53 ) Settlements (483 ) Balance, September 30, 2018 $ 1,018 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 Total unrealized gains included in other comprehensive income 19 Balance, September 30, 2017 $ 1,351 The Company’s fixed maturities valued using Level 3 inputs consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies that are not actively traded. 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 nine month periods ended September 30, 2018 and 2017. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Gross gains $ 484 $ 539 $ 1,101 $ 2,879 Gross losses - - (304 ) (61 ) Realized investment gains, net $ 484 $ 539 $ 797 $ 2,818 The following table presents the portion of unrealized gains (losses) related to equity securities still held for the three month and nine month periods ended September 30, 2018 and 2017. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Net gains recognized during the period on equity securities $ 1,355 $ - $ 1,025 $ - Less: Net losses recognized during the period on equity securities sold during the period (272 ) - (272 ) - Net unrealized gains recognized during the reporting period on equity securities still held at the reporting date $ 1,083 $ - $ 753 $ -

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017. September 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 $ 10,038 $ 10,038 $ 24,547 $ 24,547 Fixed maturities (1) 207,138 207,138 215,108 215,108 Equity securities (1) 23,705 23,705 23,355 23,355 Other invested assets Level 3 10,817 10,817 5,626 5,626 Policy loans Level 2 2,084 2,084 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 consolidated financial statements.

Liabilities for Unpaid Losses,

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses	9 Months Ended
	Sep. 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 Nine Months Ended September 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 30,339 27,359 Prior accident year development (1) (1,795 ) (1,480 ) Total incurred 28,544 25,879 Paid related to: Current accident year 10,716 9,858 Prior accident years 15,693 13,720 Total paid 26,409 23,578 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 42,912 42,051 Plus: Reinsurance recoverable on unpaid losses 6,928 9,455 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 49,840 $ 51,506 (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 Nine Months Ended September 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 59,356 50,733 Prior accident year development 817 720 Total incurred 60,173 51,453 Paid related to: Current accident year 46,734 40,801 Prior accident years 11,594 10,445 Total paid 58,328 51,246 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 12,956 10,480 Plus: Reinsurance recoverable on unpaid losses 7,340 3,640 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 20,296 $ 14,120 Other Life and Health Insurance Products Nine Months Ended September 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 6,729 6,226 Prior accident year development (71 ) (104 ) Total incurred 6,658 6,122 Paid related to: Current accident year 5,148 4,807 Prior accident years 1,663 1,500 Total paid 6,811 6,307 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 1,680 1,558 Plus: Reinsurance recoverable on unpaid losses - - Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,680 $ 1,558 Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred: Nine Months Ended September 30, 2018 2017 Total incurred losses $ 95,375 $ 83,454 Cash surrender value and matured endowments 1,057 1,167 Benefit reserve changes 2,046 2,825 Total insurance benefits and losses incurred $ 98,478 $ 87,446

Junior Subordinated Debentures

Junior Subordinated Debentures	9 Months Ended
	Sep. 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 September 30, 2018 was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1) (2) Principal amount owed September 30, 2018 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance September 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	9 Months Ended
	Sep. 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 September 30, 2018 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 934 20,420 Less: preferred stock dividends (100 ) - Net income applicable to common shareholders $ 834 20,420 $ .04 Three Months Ended September 30, 2017 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 747 20,440 Less: preferred stock dividends (100 ) - Net income applicable to common shareholders $ 647 20,440 $ .03 Nine Months Ended September 30, 2018 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Loss Per Common Share: Net loss $ (905 ) 20,314 Less: preferred stock dividends (299 ) - Net loss applicable to common shareholders $ (1,204 ) 20,314 $ (.06) Nine Months Ended September 30, 2017 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,986 20,428 Less: preferred stock dividends (299 ) - Net income applicable to common shareholders $ 1,687 20,428 $ .08 The assumed conversion of the Company’s Series D preferred stock was excluded from the earnings per common share calculation for all periods presented since its impact would have been antidilutive.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively $ 225 $ 221 $ (262 ) $ 864 Dividends-received deduction (10 ) (23 ) (30 ) (71 ) Small life insurance company deduction - (313 ) - (343 ) Other permanent differences 22 18 50 52 Adjustment for prior years’ estimates to actual (99 ) (19 ) (99 ) (19 ) Income tax expense (benefit) $ 138 $ (116 ) $ (341 ) $ 483 The components of income tax expense (benefit) were: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Current - Federal $ 255 $ (157 ) $ 994 $ 906 Deferred - Federal (117 ) 41 (1,335 ) (423 ) Total $ 138 $ (116 ) $ (341 ) $ 483 The primary difference between the effective tax rate and the federal statutory income tax rate for the three month and nine month periods ended September 30, 2018 resulted from provision-to-filed return adjustments, as described below, and 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 nine month periods ended September 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. The provision-to-filed return adjustments are generally updated at the completion of the third quarter of each fiscal year and were $99 and $19 in the three month and nine month periods ended September 30, 2018 and 2017, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 nine month periods ended September 30, 2018 and 2017. Revenues Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 American Southern $ 13,998 $ 15,047 $ 42,174 $ 43,402 Bankers Fidelity 31,196 29,661 92,950 87,757 Corporate and Other 1,176 90 1,229 1,130 Total revenue $ 46,370 $ 44,798 $ 136,353 $ 132,289 Income (Loss) Before Income Taxes Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 American Southern $ 995 $ 1,860 $ 3,892 $ 5,941 Bankers Fidelity 512 402 (1,762 ) 190 Corporate and Other (435 ) (1,631 ) (3,376 ) (3,662 ) Income (loss) before income taxes $ 1,072 $ 631 $ (1,246 ) $ 2,469

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017, and the changes in the balance of that component thereof during the nine month period ended September 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 (8,158 ) Amounts reclassified from accumulated other comprehensive loss (630 ) Net current period other comprehensive loss (8,788 ) Balance, September 30, 2018 $ (6,762 )

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions For the nine month periods ended September 30, 2018 and 2017, Gray Television, Inc., a related party, paid the Company approximately $306 and $448, respectively, in employer paid insurance premiums related to a group accident plan.

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Policies)	9 Months Ended
	Sep. 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 nine month period ended September 30, 2018, the Company classified distributions from equity method investees of $725 as cash flows from operating activities and reclassified $58 as cash flows from investing activities to cash flows from operating activities for the nine month period ended September 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 nine months ended September 30, 2018, approximately $88, 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. Future Adoption of New Accounting Standards In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This guidance removes the following disclosure requirements from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (2) the policy for timing of transfers between levels, and (3) the valuation processes for Level 3 fair value measurements. This disclosure also includes the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019, although earlier adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-12, Financial Services —Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”). This guidance (1) improves the timeliness of recognizing changes in the liability for future policy benefits and modifies the rate used to discount future cash flows, (2) simplifies and improves the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts, (3) simplifies the amortization of deferred acquisition costs, and (4) improves the effectiveness of the required disclosures. ASU 2018-12 is effective for interim and annual reporting periods beginning after December 15, 2020, although earlier adoption is permitted. The Company has not yet determined the method or timing for adoption or estimated the impact on the Company’s consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). This guidance was issued to clarify the comparative reporting requirements for initial adoption and to provide an additional and optional transition method to adopt the new lease standard. The Company has not yet made an election on the optional transition method. See Note 1 – Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2017 Annual Report for more information on the future adoption of the new lease accounting standard. The Company does not expect the adoption of the new lease standard to have a material impact on its consolidated financial statements; however, it is expected that assets and liabilities will increase based on the present value of remaining lease payments for the minor number of leases which will be in place at the adoption date.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2018
Investments [Abstract]
Investments Aggregated by Type and Industry	Fixed maturities were comprised of the following: September 30, 2018 Estimated Fair 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 $ 26,240 $ 7 $ 1,449 $ 27,682 Obligations of states and political subdivisions 8,224 259 135 8,100 Corporate securities: Utilities and telecom 18,891 855 756 18,792 Financial services 51,517 1,031 2,142 52,628 Other business – diversified 47,267 240 2,668 49,695 Other consumer – diversified 54,807 87 3,889 58,609 Total corporate securities 172,482 2,213 9,455 179,724 Redeemable preferred stocks: Other consumer – diversified 192 - - 192 Total redeemable preferred stocks 192 - - 192 Total fixed maturities $ 207,138 $ 2,479 $ 11,039 $ 215,698 December 31, 2017 Estimated Fair 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 $9,896 and $11,178 and included in the tables above were on deposit with insurance regulatory authorities as of September 30, 2018 and December 31, 2017, respectively, in accordance with statutory requirements. Equity securities were comprised of the following: September 30, 2018 Estimated Fair Value Gross Unrealized Gains Gross Unrealized Losses Cost Equity securities: Common and non-redeemable preferred stocks: Utilities and telecom $ 1,602 $ 637 $ - $ 965 Financial services 4,770 390 - 4,380 Other business – diversified 320 273 - 47 Other consumer – diversified 17,013 11,890 - 5,123 Total equity securities $ 23,705 $ 13,190 $ - $ 10,515 December 31, 2017 Estimated Fair Value Gross Unrealized Gains Gross Unrealized Losses 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 September 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. September 30, 2018 December 31, 2017 Carrying Value Amortized Cost Carrying Value Amortized Cost Due in one year or less $ 3,148 $ 3,150 $ 1,653 $ 1,655 Due after one year through five years 19,055 19,408 13,738 14,056 Due after five years through ten years 126,581 131,961 112,847 112,116 Due after ten years 42,251 43,970 67,328 64,928 Varying maturities 16,103 17,209 19,542 19,789 Totals $ 207,138 $ 215,698 $ 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 September 30, 2018 and December 31, 2017. September 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 $ 3,923 $ 178 $ 20,812 $ 1,271 $ 24,735 $ 1,449 Obligations of states and political subdivisions 4,402 135 - - 4,402 135 Corporate securities 90,396 4,116 50,934 5,339 141,330 9,455 Total temporarily impaired securities $ 98,721 $ 4,429 $ 71,746 $ 6,610 $ 170,467 $ 11,039 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 September 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 Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total Assets: Fixed maturities $ - $ 206,120 $ 1,018 (1) $ 207,138 Equity securities 19,155 4,550 (1) - 23,705 Cash equivalents 8,653 - - 8,653 Total $ 27,808 $ 210,670 $ 1,018 $ 239,496 (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 Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (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 nine month periods ended September 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 Total realized gains included in earnings 208 Total unrealized losses included in other comprehensive loss (53 ) Settlements (483 ) Balance, September 30, 2018 $ 1,018 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 Total unrealized gains included in other comprehensive income 19 Balance, September 30, 2017 $ 1,351
Summary of Realized Investment Gains (Losses)	The following table is a summary of realized investment gains (losses) for the three month and nine month periods ended September 30, 2018 and 2017. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Gross gains $ 484 $ 539 $ 1,101 $ 2,879 Gross losses - - (304 ) (61 ) Realized investment gains, net $ 484 $ 539 $ 797 $ 2,818
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 nine month periods ended September 30, 2018 and 2017. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Net gains recognized during the period on equity securities $ 1,355 $ - $ 1,025 $ - Less: Net losses recognized during the period on equity securities sold during the period (272 ) - (272 ) - Net unrealized gains recognized during the reporting period on equity securities still held at the reporting date $ 1,083 $ - $ 753 $ -

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017. September 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 $ 10,038 $ 10,038 $ 24,547 $ 24,547 Fixed maturities (1) 207,138 207,138 215,108 215,108 Equity securities (1) 23,705 23,705 23,355 23,355 Other invested assets Level 3 10,817 10,817 5,626 5,626 Policy loans Level 2 2,084 2,084 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 Losses_2

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 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: Nine Months Ended September 30, 2018 2017 Total incurred losses $ 95,375 $ 83,454 Cash surrender value and matured endowments 1,057 1,167 Benefit reserve changes 2,046 2,825 Total insurance benefits and losses incurred $ 98,478 $ 87,446
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 Nine Months Ended September 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 30,339 27,359 Prior accident year development (1) (1,795 ) (1,480 ) Total incurred 28,544 25,879 Paid related to: Current accident year 10,716 9,858 Prior accident years 15,693 13,720 Total paid 26,409 23,578 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 42,912 42,051 Plus: Reinsurance recoverable on unpaid losses 6,928 9,455 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 49,840 $ 51,506 (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 Nine Months Ended September 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 59,356 50,733 Prior accident year development 817 720 Total incurred 60,173 51,453 Paid related to: Current accident year 46,734 40,801 Prior accident years 11,594 10,445 Total paid 58,328 51,246 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 12,956 10,480 Plus: Reinsurance recoverable on unpaid losses 7,340 3,640 Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 20,296 $ 14,120
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 Nine Months Ended September 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 6,729 6,226 Prior accident year development (71 ) (104 ) Total incurred 6,658 6,122 Paid related to: Current accident year 5,148 4,807 Prior accident years 1,663 1,500 Total paid 6,811 6,307 Ending liabilities for unpaid losses, claims and loss adjustment expenses, net 1,680 1,558 Plus: Reinsurance recoverable on unpaid losses - - Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross $ 1,680 $ 1,558

Junior Subordinated Debentures

Junior Subordinated Debentures (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 was as follows: Atlantic American Statutory Trust I Atlantic American Statutory Trust II JUNIOR SUBORDINATED DEBENTURES (1) (2) Principal amount owed September 30, 2018 $ 18,042 $ 23,196 Less: Treasury debt (3) - (7,500 ) Net balance September 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 Sh_2

Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 934 20,420 Less: preferred stock dividends (100 ) - Net income applicable to common shareholders $ 834 20,420 $ .04 Three Months Ended September 30, 2017 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 747 20,440 Less: preferred stock dividends (100 ) - Net income applicable to common shareholders $ 647 20,440 $ .03 Nine Months Ended September 30, 2018 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Loss Per Common Share: Net loss $ (905 ) 20,314 Less: preferred stock dividends (299 ) - Net loss applicable to common shareholders $ (1,204 ) 20,314 $ (.06) Nine Months Ended September 30, 2017 Income Weighted Average Shares (In thousands) Per Share Amount Basic and Diluted Earnings Per Common Share: Net income $ 1,986 20,428 Less: preferred stock dividends (299 ) - Net income applicable to common shareholders $ 1,687 20,428 $ .08

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively $ 225 $ 221 $ (262 ) $ 864 Dividends-received deduction (10 ) (23 ) (30 ) (71 ) Small life insurance company deduction - (313 ) - (343 ) Other permanent differences 22 18 50 52 Adjustment for prior years’ estimates to actual (99 ) (19 ) (99 ) (19 ) Income tax expense (benefit) $ 138 $ (116 ) $ (341 ) $ 483
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) were: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Current - Federal $ 255 $ (157 ) $ 994 $ 906 Deferred - Federal (117 ) 41 (1,335 ) (423 ) Total $ 138 $ (116 ) $ (341 ) $ 483

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 nine month periods ended September 30, 2018 and 2017. Revenues Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 American Southern $ 13,998 $ 15,047 $ 42,174 $ 43,402 Bankers Fidelity 31,196 29,661 92,950 87,757 Corporate and Other 1,176 90 1,229 1,130 Total revenue $ 46,370 $ 44,798 $ 136,353 $ 132,289 Income (Loss) Before Income Taxes Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 American Southern $ 995 $ 1,860 $ 3,892 $ 5,941 Bankers Fidelity 512 402 (1,762 ) 190 Corporate and Other (435 ) (1,631 ) (3,376 ) (3,662 ) Income (loss) before income taxes $ 1,072 $ 631 $ (1,246 ) $ 2,469

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017, and the changes in the balance of that component thereof during the nine month period ended September 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 (8,158 ) Amounts reclassified from accumulated other comprehensive loss (630 ) Net current period other comprehensive loss (8,788 ) Balance, September 30, 2018 $ (6,762 )

Basis of Presentation (Details)

Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2018Segment
Basis of Presentation [Abstract]
Number of business units	2

Recently Issued Accounting St_3

Recently Issued Accounting Standards (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 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			$ 725	$ 58
Cash flows from investing activities			(8,325)	(1,763)
Cash flows from operating activities			(5,119)	(1,085)
Revenues within scope of updated accounting guidance	$ 46,370	$ 44,798	136,353	132,289
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			725
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			$ 88
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	Sep. 30, 2018USD ($)Securities	Dec. 31, 2017USD ($)Securities
Investments aggregated by type and industry [Abstract]
Estimated fair value	$ 207,138	$ 215,108
Gross unrealized gains	2,479	6,485
Gross unrealized losses	11,039	3,921
Cost or amortized cost	215,698	212,544
Estimated fair value	23,705	23,355
Gross unrealized gains	13,190	12,437
Gross unrealized losses	0	0
Cost	10,515	10,918
Amortized cost of bonds on deposit with insurance regulatory authorities	$ 9,896	$ 11,178
Number of securities in unrealized loss position | Securities	133	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]
Estimated fair value	$ 26,240	$ 31,155
Gross unrealized gains	7	149
Gross unrealized losses	1,449	511
Cost or amortized cost	27,682	31,517
Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	8,224	10,809
Gross unrealized gains	259	630
Gross unrealized losses	135	1
Cost or amortized cost	8,100	10,180
Fixed Maturities [Member] | Corporate Securities [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	172,482	172,952
Gross unrealized gains	2,213	5,706
Gross unrealized losses	9,455	3,409
Cost or amortized cost	179,724	170,655
Fixed Maturities [Member] | Corporate Securities [Member] | Utilities and Telecom [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	18,891	21,882
Gross unrealized gains	855	1,709
Gross unrealized losses	756	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]
Estimated fair value	51,517	53,686
Gross unrealized gains	1,031	2,049
Gross unrealized losses	2,142	453
Cost or amortized cost	52,628	52,090
Fixed Maturities [Member] | Corporate Securities [Member] | Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	47,267	44,184
Gross unrealized gains	240	1,024
Gross unrealized losses	2,668	1,349
Cost or amortized cost	49,695	44,509
Fixed Maturities [Member] | Corporate Securities [Member] | Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	54,807	53,200
Gross unrealized gains	87	924
Gross unrealized losses	3,889	1,477
Cost or amortized cost	58,609	53,753
Fixed Maturities [Member] | Redeemable Preferred Stocks [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair 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]
Estimated fair 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]
Estimated fair value	1,602	1,588
Gross unrealized gains	637	624
Gross unrealized losses	0	0
Cost	965	964
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Financial Services [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	4,770	5,634
Gross unrealized gains	390	851
Gross unrealized losses	0	0
Cost	4,380	4,783
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Other Business - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	320	297
Gross unrealized gains	273	250
Gross unrealized losses	0	0
Cost	47	47
Equity Securities [Member] | Common and Non-redeemable Preferred Stocks [Member] | Other Consumer - Diversified [Member]
Investments aggregated by type and industry [Abstract]
Estimated fair value	17,013	15,836
Gross unrealized gains	11,890	10,712
Gross unrealized losses	0	0
Cost	$ 5,123	$ 5,124

Investments, Fixed Maturities b

Investments, Fixed Maturities by Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Carrying Value [Abstract]
Due in one year or less	$ 3,148	$ 1,653
Due after one year through five years	19,055	13,738
Due after five years through ten years	126,581	112,847
Due after ten years	42,251	67,328
Varying maturities	16,103	19,542
Totals	207,138	215,108
Amortized Cost [Abstract]
Due in one year or less	3,150	1,655
Due after one year through five years	19,408	14,056
Due after five years through ten years	131,961	112,116
Due after ten years	43,970	64,928
Varying maturities	17,209	19,789
Cost or amortized cost	$ 215,698	$ 212,544

Investments, Securities with Co

Investments, Securities with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	$ 98,721	$ 53,282
12 months or longer	71,746	45,404
Total	170,467	98,686
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	4,429	816
12 months or longer	6,610	3,105
Total	11,039	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	3,923	12,175
12 months or longer	20,812	12,737
Total	24,735	24,912
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	178	162
12 months or longer	1,271	349
Total	1,449	511
Obligations of States and Political Subdivisions [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	4,402	999
12 months or longer	0	0
Total	4,402	999
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	135	1
12 months or longer	0	0
Total	135	1
Corporate Securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	90,396	40,108
12 months or longer	50,934	32,667
Total	141,330	72,775
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses [Abstract]
Less than 12 months	4,116	653
12 months or longer	5,339	2,756
Total	$ 9,455	$ 3,409

Investments, Fair Value Measure

Investments, Fair Value Measured on a Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		$ 207,138	$ 215,108
Equity securities		23,705	23,355
Recurring [Member]
Financial instruments carried at fair value measured on a recurring basis [Abstract]
Fixed maturities		207,138	215,108
Equity securities		23,705	23,355
Cash equivalents		8,653	13,855
Assets at fair value		239,496	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		19,155	17,973
Cash equivalents		8,653	13,855
Assets at fair value		27,808	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		206,120	213,739
Equity securities	[1]	4,550	5,382
Cash equivalents		0	0
Assets at fair value		210,670	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]	1,018	1,369
Equity securities		0	0
Cash equivalents		0	0
Assets at fair value		$ 1,018	$ 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
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 1,346	$ 1,339	$ 1,369	$ 1,332	$ 1,302	$ 1,264
Total realized gains included in earnings	208
Total unrealized gains (losses) included in other comprehensive income (loss)	(53)	7	(30)	19	30	38
Settlements	(483)
Balance, end of period	$ 1,018	$ 1,346	$ 1,339	$ 1,351	$ 1,332	$ 1,302

Investments, Summary of Realize

Investments, Summary of Realized Investment Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of realized investment gains (losses) [Abstract]
Gross gains	$ 484	$ 539	$ 1,101	$ 2,879
Gross losses	0	0	(304)	(61)
Realized investment gains, net	$ 484	$ 539	$ 797	$ 2,818

Investments, Unrealized Gains (

Investments, Unrealized Gains (Losses) Related to Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Investments [Abstract]
Net gains recognized during the period on equity securities	$ 1,355	$ 0	$ 1,025	$ 0
Less: Net losses recognized during the period on equity securities sold during the period	(272)	0	(272)	0
Net unrealized gains recognized during the reporting period on equity securities still held at the reporting date	$ 1,083	$ 0	$ 753	$ 0

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
Assets [Abstract]
Fixed maturities		$ 207,138	$ 215,108
Equity securities		23,705	23,355
Carrying Amount [Member]
Assets [Abstract]
Fixed maturities	[1]	207,138	215,108
Equity securities	[1]	23,705	23,355
Carrying Amount [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		10,038	24,547
Carrying Amount [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,084	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		10,817	5,626
Estimated Fair Value [Member]
Assets [Abstract]
Fixed maturities	[1]	207,138	215,108
Equity securities	[1]	23,705	23,355
Estimated Fair Value [Member] | Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents		10,038	24,547
Estimated Fair Value [Member] | Level 2 [Member]
Assets [Abstract]
Policy loans		2,084	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		$ 10,817	$ 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 Losses_3

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 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		$ 71,816		71,816
Reconciliation of total incurred claims to total insurance benefits and losses incurred [Abstract]
Total incurred losses				95,375	$ 83,454
Cash surrender value and matured endowments				1,057	1,167
Benefit reserve changes				2,046	2,825
Total insurance benefits and losses incurred		33,087	$ 30,417	98,478	87,446
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				30,339	27,359
Prior accident year development	[1]			(1,795)	(1,480)
Total incurred				28,544	25,879
Paid related to [Abstract]
Current accident year				10,716	9,858
Prior accident years				15,693	13,720
Total paid				26,409	23,578
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		42,912	42,051	42,912	42,051
Plus: Reinsurance recoverable on unpaid losses		6,928	9,455	6,928	9,455
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		49,840	51,506	49,840	51,506
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				59,356	50,733
Prior accident year development				817	720
Total incurred				60,173	51,453
Paid related to [Abstract]
Current accident year				46,734	40,801
Prior accident years				11,594	10,445
Total paid				58,328	51,246
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		12,956	10,480	12,956	10,480
Plus: Reinsurance recoverable on unpaid losses		7,340	3,640	7,340	3,640
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		20,296	14,120	20,296	14,120
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				6,729	6,226
Prior accident year development				(71)	(104)
Total incurred				6,658	6,122
Paid related to [Abstract]
Current accident year				5,148	4,807
Prior accident years				1,663	1,500
Total paid				6,811	6,307
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		1,680	1,558	1,680	1,558
Plus: Reinsurance recoverable on unpaid losses		0	0	0	0
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross		$ 1,680	$ 1,558	$ 1,680	$ 1,558
[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 Debenture_2

Junior Subordinated Debentures (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)TrustQuarter$ / sharesshares
Debt Instruments [Abstract]
Number of Connecticut statutory business trusts | Trust	2
Financial structure of statutory business trusts [Abstract]
Net balance September 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 September 30, 2018	$ 18,042	[1],[2]
Less: Treasury debt	0	[1],[2],[3]
Net balance September 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 September 30, 2018	$ 23,196	[1],[2]
Less: Treasury debt	(7,500)	[1],[2],[3]
Net balance September 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 Sh_3

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income (Loss) [Abstract]
Net income (loss)	$ 934	$ 747	$ (905)	$ 1,986
Less: preferred stock dividends	(100)	(100)	(299)	(299)
Net income (loss) applicable to common shareholders	$ 834	$ 647	$ (1,204)	$ 1,687
Weighted Average Shares [Abstract]
Weighted average shares outstanding (in shares)	20,420	20,440	20,314	20,428
Per Share Amount [Abstract]
Net income (loss) applicable to common shareholders (in dollars per share)	$ 0.04	$ 0.03	$ (0.06)	$ 0.08

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 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	$ 225	$ 221	$ (262)	$ 864
Dividends-received deduction	(10)	(23)	(30)	(71)
Small life insurance company deduction	0	(313)	0	(343)
Other permanent differences	22	18	50	52
Adjustment for prior years' estimates to actual	(99)	(19)	(99)	(19)
Income tax expense (benefit)	138	(116)	$ (341)	$ 483
Federal statutory income tax rate			21.00%	35.00%	35.00%
Components of income tax expense (benefit) [Abstract]
Current - Federal	255	(157)	$ 994	$ 906
Deferred - Federal	(117)	41	(1,335)	(423)
Income tax expense (benefit)	$ 138	(116)	$ (341)	$ 483
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		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)Segment	Sep. 30, 2017USD ($)
Segment Information [Abstract]
Number of business units | Segment			2
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	$ 46,370	$ 44,798	$ 136,353	$ 132,289
Income (loss) before income taxes	1,072	631	(1,246)	2,469
Operating Segments [Member] | American Southern [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	13,998	15,047	42,174	43,402
Income (loss) before income taxes	995	1,860	3,892	5,941
Operating Segments [Member] | Bankers Fidelity [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	31,196	29,661	92,950	87,757
Income (loss) before income taxes	512	402	(1,762)	190
Corporate and Other [Member]
Revenue and income (loss) before income taxes for each business unit [Abstract]
Revenue	1,176	90	1,229	1,130
Income (loss) before income taxes	$ (435)	$ (1,631)	$ (3,376)	$ (3,662)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 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	$ (333)	$ 1,504	(8,788)	2,895
Ending Balance	102,118	109,520	102,118	109,520
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			(8,788)	2,895
Ending Balance	$ (6,762)	$ 8,725	(6,762)	$ 8,725
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			(8,158)
Amounts reclassified from accumulated other comprehensive loss			(630)
Total other comprehensive income (loss), net of tax			$ (8,788)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Members of Management [Member]
Related Party Transaction [Abstract]
Premiums paid by Gray for group accident plan	$ 306	$ 448