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Atlantic American (AAME) Financials

Atlantic American logo
$1.57 +0.03 (+1.95%)
Closing price 07/24/2026 03:30 PM Eastern
Extended Trading
$1.57 0.00 (0.00%)
As of 07/24/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Atlantic American

Annual Income Statements for Atlantic American

This table shows Atlantic American's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 3.96 3.99 2.24 4.13 -1.10 -0.79 12 3.88 1.13 -0.57 -4.67
Consolidated Net Income / (Loss)		 4.43 4.39 2.64 4.53 -0.70 -0.39 12 4.28 1.53 -0.17 -4.27
Net Income / (Loss) Continuing Operations		 4.43 4.39 2.64 4.53 -0.70 -0.39 12 4.28 1.53 -0.17 -4.27
Total Pre-Tax Income 		4.90 5.71 3.52 5.36 -0.97 -0.41 16 5.30 2.10 -0.57 -5.26
Total Revenue		 165 165 165 179 184 196 194 198 186 184 185
Net Interest Income / (Expense)		 -1.61 -1.43 -1.56 -1.72 -2.04 -2.13 -1.61 -1.39 -1.95 -3.27 -3.42
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 1.61 1.43 1.56 1.72 2.04 2.13 1.61 1.39 1.95 3.27 3.42
Long-Term Debt Interest Expense		 1.61 1.43 1.56 1.72 2.04 2.13 1.61 1.39 1.95 3.27 3.42
Total Non-Interest Income		 166 166 166 181 186 198 195 200 188 187 188
Other Service Charges		 0.90 0.10 0.13 0.12 0.11 0.19 0.08 0.01 0.01 0.02 0.01
Net Realized & Unrealized Capital Gains on Investments		 1.57 4.86 2.60 18 13 16 12 15 2.40 7.95 9.49
Premiums Earned		 153 151 153 163 173 182 184 184 185 179 179
Total Non-Interest Expense		 160 159 161 174 184 196 178 193 184 184 190
Property & Liability Insurance Claims		 106 101 103 118 133 139 120 132 123 123 126
Insurance Policy Acquisition Costs		 41 43 45 43 39 45 47 47 47 46 48
Other Operating Expenses		 13 14 13 13 13 12 12 14 14 15 16
Income Tax Expense		 0.47 1.32 0.89 0.83 -0.27 -0.02 3.33 1.02 0.57 -0.39 -1.00
Preferred Stock Dividends Declared		 0.47 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40
Basic Earnings per Share		 $0.19 $0.19 $0.11 $0.20 ($0.05) ($0.04) $0.58 $0.19 $0.06 ($0.03) ($0.23)
Weighted Average Basic Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M - 20.40M 20.40M
Diluted Earnings per Share		 $0.19 $0.19 $0.11 $0.20 ($0.05) ($0.04) $0.56 $0.19 $0.06 ($0.03) ($0.23)
Weighted Average Diluted Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M - 20.40M 20.40M
Weighted Average Basic & Diluted Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M - 20.40M 20.40M
Cash Dividends to Common per Share		 - - - $0.02 $0.02 $0.02 $0.00 $0.02 $0.02 $0.02 $0.02

Quarterly Income Statements for Atlantic American

This table shows Atlantic American's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.66 -2.33 -2.10 -0.78 -2.10 0.31 0.70 3.22 0.48
Consolidated Net Income / (Loss)		 1.76 -2.23 -2.00 -0.68 -2.00 0.41 0.80 3.32 0.58
Net Income / (Loss) Continuing Operations		 1.76 -2.23 -2.00 -0.68 -2.00 0.41 0.80 3.32 0.58
Total Pre-Tax Income 		2.14 -3.10 -2.51 -0.85 -2.45 0.55 1.04 4.22 0.77
Total Revenue		 44 46 46 47 44 48 49 55 53
Net Interest Income / (Expense)		 -0.85 -0.86 -0.86 -0.87 -0.87 -0.83 -0.77 -0.77 -0.78
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Interest Expense		 0.85 0.86 0.86 0.87 0.87 0.83 0.77 0.77 0.78
Long-Term Debt Interest Expense		 0.85 0.86 0.86 0.87 0.87 0.83 0.77 0.77 0.78
Total Non-Interest Income		 45 47 47 48 45 49 50 55 54
Other Service Charges		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Realized & Unrealized Capital Gains on Investments		 0.84 3.82 2.44 2.67 0.74 3.64 3.21 5.14 1.79
Premiums Earned		 44 43 45 45 44 45 47 50 52
Total Non-Interest Expense		 42 49 49 48 46 48 48 50 52
Property & Liability Insurance Claims		 27 36 32 32 31 31 32 34 35
Insurance Policy Acquisition Costs		 11 9.29 13 12 11 12 12 13 13
Other Operating Expenses		 3.72 3.83 4.06 4.26 3.85 4.04 4.72 3.78 3.79
Income Tax Expense		 0.38 -0.87 -0.51 -0.17 -0.46 0.13 0.23 0.90 0.19
Preferred Stock Dividends Declared		 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Basic Earnings per Share		 $0.08 ($0.11) ($0.10) ($0.04) ($0.10) $0.01 $0.03 $0.16 $0.02
Weighted Average Basic Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M
Diluted Earnings per Share		 $0.08 ($0.11) ($0.10) ($0.04) ($0.10) $0.01 $0.03 $0.15 $0.02
Weighted Average Diluted Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M
Weighted Average Basic & Diluted Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M
Cash Dividends to Common per Share		 $0.02 - $0.02 $0.00 $0.00 - $0.02 $0.00 $0.00

Annual Cash Flow Statements for Atlantic American

This table details how cash moves in and out of Atlantic American's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -17 -0.75 -2.37 11 -12 0.26 6.43 5.43 4.11 -0.56 7.27
Net Cash From Operating Activities		 4.45 25 1.32 12 4.46 -1.81 8.97 1.09 6.45 2.62 4.80
Net Cash From Continuing Operating Activities		 4.45 2.21 1.32 12 4.46 -1.81 8.97 1.09 6.45 2.62 4.80
Net Income / (Loss) Continuing Operations		 4.43 4.39 2.64 4.53 -0.70 -0.39 12 4.28 1.53 -0.17 -4.27
Consolidated Net Income / (Loss)		 4.43 4.39 2.64 4.53 -0.70 -0.39 12 4.28 1.53 -0.17 -4.27
Provision For Loan Losses		 - - - - - - - - 0.00 0.03 -0.03
Depreciation Expense		 0.93 1.12 1.21 1.44 0.99 1.00 0.98 1.00 0.89 0.65 0.37
Amortization Expense		 11 10 12 16 18 17 19 24 19 16 17
Non-Cash Adjustments to Reconcile Net Income		 -12 -15 -15 -20 -16 -26 -26 -31 -17 -19 -18
Changes in Operating Assets and Liabilities, net		 0.20 1.78 0.60 10 2.75 6.62 2.37 2.30 2.02 4.22 10
Net Cash From Investing Activities		 -9.61 -1.20 -2.23 0.59 -15 3.01 -2.06 5.30 -3.43 -3.37 2.28
Net Cash From Continuing Investing Activities		 -9.61 -1.20 -2.23 0.59 -15 3.01 -2.06 5.30 -3.43 -3.37 2.28
Purchase of Property, Leasehold Improvements and Equipment		 -4.13 -0.32 -0.40 -0.10 -0.28 -0.07 -0.23 -0.11 -0.13 -0.08 -0.23
Purchase of Investment Securities		 -83 -92 -75 -85 -50 -124 -27 -35 -17 -18 -14
Sale and/or Maturity of Investments		 77 91 73 85 35 127 26 41 14 15 16
Net Cash From Financing Activities		 -12 -1.76 -1.45 -1.47 -1.59 -0.94 -0.48 -0.95 1.09 0.18 0.19
Net Cash From Continuing Financing Activities		 -12 -1.76 -1.45 -1.47 -1.59 -0.94 -0.48 -0.95 1.09 0.18 0.19
Issuance of Debt		 - - - - - - - 0.00 2.00 1.00 1.00
Payment of Dividends		 -1.31 -0.81 -0.81 -0.81 -0.81 -0.80 -0.40 -0.81 -0.81 -0.81 -0.81
Other Financing Activities, Net		 0.08 0.05 0.05 0.03 -0.19 -0.07 -0.08 -0.15 -0.11 -0.01 -0.01
Cash Interest Paid		 1.65 1.42 1.54 1.71 2.00 2.16 1.67 1.39 1.79 3.23 3.45
Cash Income Taxes Paid		 0.45 1.47 0.68 1.40 2.11 1.66 3.88 3.20 2.76 2.58 0.58

Quarterly Cash Flow Statements for Atlantic American

This table details how cash moves in and out of Atlantic American's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
Net Change in Cash & Equivalents		 -0.33 4.38 -7.11 0.02 1.82 13 0.33 11 -12
Net Cash From Operating Activities		 1.35 6.17 -5.32 0.42 0.09 9.61 -0.72 9.28 6.64
Net Cash From Continuing Operating Activities		 1.35 6.17 -5.32 0.42 0.09 9.61 -0.72 9.28 6.64
Net Income / (Loss) Continuing Operations		 1.76 -2.23 -2.00 -0.68 -2.00 0.41 0.80 3.32 0.58
Consolidated Net Income / (Loss)		 1.76 -2.23 -2.00 -0.68 -2.00 0.41 0.80 3.32 0.58
Provision For Loan Losses		 -0.02 0.02 -0.01 0.00 -0.01 -0.02 -0.01 -0.00 0.02
Depreciation Expense		 0.16 0.13 0.11 0.13 0.06 0.07 0.08 0.10 0.10
Amortization Expense		 -0.72 16 0.68 -0.67 -0.45 17 0.15 -0.59 -0.47
Non-Cash Adjustments to Reconcile Net Income		 1.42 -21 -0.29 -0.21 1.17 -19 -0.38 -1.86 0.55
Changes in Operating Assets and Liabilities, net		 -1.25 13 -3.83 1.85 1.31 11 -1.36 8.31 5.88
Net Cash From Investing Activities		 -1.27 -1.39 -2.79 0.02 1.73 3.32 1.06 1.65 -19
Net Cash From Continuing Investing Activities		 -1.27 -1.39 -2.79 0.02 1.73 3.32 1.06 1.65 -19
Purchase of Property, Leasehold Improvements and Equipment		 -0.01 -0.01 -0.04 -0.06 -0.03 -0.10 -0.26 -0.17 -0.03
Purchase of Investment Securities		 -2.94 -3.13 -5.60 -3.01 -2.30 -2.93 -5.85 -7.19 -29
Sale and/or Maturity of Investments		 1.68 1.75 2.86 3.08 4.07 6.36 7.17 9.00 11
Cash Interest Paid		 0.82 0.86 0.86 0.87 0.88 0.85 0.79 0.77 0.78
Cash Income Taxes Paid		 1.25 0.56 0.00 0.58 - - 0.32 0.41 0.23

Annual Balance Sheets for Atlantic American

This table presents Atlantic American's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 317 315 319 343 344 378 405 402 367 381 393
Cash and Due from Banks		 16 16 13 25 13 13 19 25 29 28 36
Trading Account Securities		 240 238 232 240 232 257 274 281 222 229 222
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 25 24 24 31 41 45 57 42 41 45 50
Deferred Acquisition Cost		 27 28 29 33 37 39 40 39 42 44 45
Intangible Assets		 2.54 2.54 2.54 2.54 2.54 2.54 2.54 2.54 2.54 2.54 2.54
Other Assets		 5.75 6.44 17 13 18 21 13 13 31 33 38
Total Liabilities & Shareholders' Equity		 317 315 319 343 344 378 405 402 367 381 393
Total Liabilities		 213 212 213 230 243 259 260 261 265 274 294
Long-Term Debt		 34 34 34 34 34 34 34 34 36 37 38
Claims and Claim Expense		 - - - 66 73 81 79 86 87 87 94
Future Policy Benefits		 164 163 163 82 90 92 91 87 86 92 98
Unearned Premiums Liability		 - - - 23 24 26 27 27 28 31 31
Participating Policy Holder Equity		 - - - 2.01 1.97 1.93 1.53 1.36 1.26 1.13 1.76
Other Long-Term Liabilities		 1.40 - 0.00 0.59 - 24 1.30 25 26 25 31
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 104 102 106 113 101 118 145 141 102 107 100
Total Preferred & Common Equity		 104 102 106 113 101 118 145 141 102 107 100
Preferred Stock		 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Total Common Equity		 104 102 105 113 101 118 145 141 102 107 100
Common Stock		 79 79 80 80 80 80 80 80 80 80 80
Retained Earnings		 22 25 27 31 37 36 48 51 52 51 46
Treasury Stock		 -5.44 -6.34 -6.74 -7.13 -7.99 -7.58 -7.34 -7.49 -7.39 -7.40 -7.41
Accumulated Other Comprehensive Income / (Loss)		 9.28 4.58 5.83 9.75 -7.54 10 25 18 -22 -16 -19
Other Equity Adjustments		 -0.46 -0.27 -0.43 -0.58 -0.19 -0.78 -0.28 -0.07 -0.13 -0.01 -0.00

Quarterly Balance Sheets for Atlantic American

This table presents Atlantic American's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 362 366 386 387 388 429 431
Cash and Due from Banks		 24 21 21 23 36 46 34
Trading Account Securities		 213 229 227 231 224 226 247
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 47 36 57 52 43 73 65
Deferred Acquisition Cost		 42 43 44 44 45 45 46
Intangible Assets		 2.54 2.54 2.54 2.54 2.54 2.54 2.54
Other Assets		 34 34 34 34 38 37 36
Total Liabilities & Shareholders' Equity		 362 366 386 387 388 429 431
Total Liabilities		 263 263 285 281 286 323 321
Long-Term Debt		 37 38 38 38 38 38 38
Claims and Claim Expense		 86 88 91 92 98 102 108
Future Policy Benefits		 85 94 96 97 100 102 103
Unearned Premiums Liability		 31 21 38 29 21 51 37
Participating Policy Holder Equity		 0.82 0.97 1.05 0.97 1.54 1.69 1.84
Other Long-Term Liabilities		 24 21 22 - 28 30 34
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 99 103 101 106 102 106 109
Total Preferred & Common Equity		 99 103 101 106 102 106 109
Preferred Stock		 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Total Common Equity		 99 103 101 106 102 106 109
Common Stock		 80 80 80 80 80 80 80
Retained Earnings		 53 48 48 46 46 49 50
Treasury Stock		 -7.40 -7.41 -7.41 -7.41 -7.41 -7.41 -7.41
Accumulated Other Comprehensive Income / (Loss)		 -27 -18 -19 -12 -16 -16 -13
Other Equity Adjustments		 -0.02 -0.01 -0.01 -0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Atlantic American

This table displays calculated financial ratios and metrics derived from Atlantic American's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
DEI Shares Outstanding		 20,622,126.00 20,547,430.00 20,415,228.00 20,439,411.00 20,199,314.00 20,479,501.00 20,414,279.00 20,378,576.00 20,367,229.00 20,402,288.00 20,399,758.00
DEI Adjusted Shares Outstanding		 20,622,126.00 20,547,430.00 20,415,228.00 20,439,411.00 20,199,314.00 20,479,501.00 20,414,279.00 20,378,576.00 20,367,229.00 20,402,288.00 20,399,758.00
DEI Earnings Per Adjusted Shares Outstanding		 0.21 0.21 0.13 0.22 -0.03 -0.02 0.60 0.21 0.07 -0.01 -0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.76% -0.13% 0.00% 9.04% 2.30% 6.83% -1.18% 2.29% -6.19% -1.28% 0.70%
EBITDA Growth		 -20.48% 3.82% -3.10% 37.42% -22.79% 1.42% 100.68% -15.35% -26.14% -26.32% -28.92%
EBIT Growth		 -56.24% 16.39% -38.26% 51.99% -118.13% 58.08% 3,909.09% -65.80% -60.47% -126.96% -831.68%
NOPAT Growth		 -59.81% -0.95% -39.93% 71.78% -115.01% 58.08% 4,371.32% -64.82% -64.38% -125.93% -831.68%
Net Income Growth		 -59.81% -0.95% -39.93% 71.78% -115.55% 45.17% 3,252.59% -64.82% -64.38% -111.21% -2,395.91%
EPS Growth		 -60.42% 0.00% -42.11% 81.82% -125.00% 20.00% 1,500.00% -66.07% -68.42% -150.00% -666.67%
Operating Cash Flow Growth		 -65.80% 452.86% -94.65% 824.70% -63.35% -140.52% 596.46% -87.87% 493.11% -59.37% 83.07%
Free Cash Flow Firm Growth		 -45.28% -29.68% -106.21% -680.16% 470.68% -258.32% 16.24% 155.56% 379.32% -116.80% 145.83%
Invested Capital Growth		 -2.98% -1.23% 2.21% 5.37% -7.91% 12.60% 17.53% -2.11% -21.19% 4.42% -4.62%
Revenue Q/Q Growth		 0.11% -0.65% 0.08% 5.13% 0.16% 1.62% 4.19% -5.21% -2.17% 0.72% 1.28%
EBITDA Q/Q Growth		 10.15% -7.16% 32.23% 18.58% 549.72% 1,922.32% 188.52% -63.47% -11.28% -39.12% 63.88%
EBIT Q/Q Growth		 -2.10% -17.30% 60.62% 35.84% -159.17% 77.04% 137.17% -91.27% -49.13% -114.48% 40.93%
NOPAT Q/Q Growth		 -3.86% -21.02% 88.02% 35.81% -141.52% 77.04% 664.86% -68.20% -51.49% -112.75% 40.93%
Net Income Q/Q Growth		 -3.86% -21.02% 88.02% 35.81% -143.01% 73.47% 664.86% -68.20% -51.49% -105.51% 38.22%
EPS Q/Q Growth		 0.00% -24.00% 120.00% 42.86% -183.33% 55.56% 1,020.00% 0.00% 0.00% -121.43% 34.29%
Operating Cash Flow Q/Q Growth		 20.45% 12.10% -80.08% 385.40% -45.18% -189.95% 84.63% 238.94% -23.14% -49.15% 255.03%
Free Cash Flow Firm Q/Q Growth		 24.53% 34.58% 91.28% -206.65% 20.93% -11.41% -44.78% 442.79% -12.70% -2,705.42% 120.86%
Invested Capital Q/Q Growth		 1.48% -0.53% -2.41% 2.42% -0.55% 1.32% 10.54% 0.74% 3.99% 6.29% -4.28%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 10.03% 10.42% 10.10% 12.73% 9.61% 9.12% 18.52% 15.33% 12.07% 9.01% 6.36%
EBIT Margin		 2.98% 3.47% 2.14% 2.99% -0.53% -0.21% 8.00% 2.68% 1.13% -0.31% -2.85%
Profit (Net Income) Margin		 2.69% 2.67% 1.60% 2.52% -0.38% -0.20% 6.28% 2.16% 0.82% -0.09% -2.31%
Tax Burden Percent		 90.33% 76.87% 74.80% 84.54% 72.50% 94.84% 78.49% 80.74% 72.76% 30.27% 81.08%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 9.67% 23.13% 25.20% 15.46% 0.00% 0.00% 21.51% 19.26% 27.24% 0.00% 0.00%
Return on Invested Capital (ROIC)		 3.16% 3.20% 1.91% 3.17% -0.48% -0.20% 7.35% 2.42% 0.97% -0.28% -2.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.16% 3.20% 1.91% 3.17% -0.55% -0.50% 7.35% 2.42% 0.97% 0.34% -4.18%
Return on Net Nonoperating Assets (RNNOA)		 1.16% 1.05% 0.62% 0.98% -0.17% -0.15% 1.88% 0.57% 0.28% 0.12% -1.51%
Return on Equity (ROE)		 4.32% 4.25% 2.53% 4.14% -0.66% -0.35% 9.24% 2.99% 1.25% -0.16% -4.13%
Cash Return on Invested Capital (CROIC)		 6.19% 4.44% -0.27% -2.06% 7.76% -12.05% -8.76% 4.55% 24.67% -4.60% 2.11%
Operating Return on Assets (OROA)		 1.54% 1.81% 1.11% 1.62% -0.28% -0.11% 3.96% 1.31% 0.54% -0.15% -1.36%
Return on Assets (ROA)		 1.39% 1.39% 0.83% 1.37% -0.20% -0.11% 3.11% 1.06% 0.40% -0.05% -1.10%
Return on Common Equity (ROCE)		 4.32% 4.24% 2.53% 4.14% -0.66% -0.35% 9.23% 2.99% 1.25% -0.16% -4.12%
Return on Equity Simple (ROE_SIMPLE)		 4.25% 4.28% 2.50% 4.01% -0.69% -0.33% 8.39% 3.03% 1.49% -0.16% -4.28%
Net Operating Profit after Tax (NOPAT)		 4.43 4.39 2.64 4.53 -0.68 -0.28 12 4.28 1.53 -0.40 -3.68
NOPAT Margin		 2.69% 2.67% 1.60% 2.52% -0.37% -0.15% 6.28% 2.16% 0.82% -0.22% -1.99%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.07% 0.30% 0.00% 0.00% 0.00% -0.62% 1.57%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 97.02% 96.53% 97.86% 97.01% 100.53% 100.21% 92.00% 97.32% 98.87% 100.31% 102.85%
Earnings before Interest and Taxes (EBIT)		 4.90 5.71 3.52 5.36 -0.97 -0.41 16 5.30 2.10 -0.57 -5.26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 17 17 17 23 18 18 36 30 22 17 12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.75 0.95 0.76 0.59 0.46 0.33 0.28 0.34 0.46 0.46 0.32
Price to Tangible Book Value (P/TBV)		 0.77 0.97 0.77 0.60 0.47 0.34 0.29 0.35 0.47 0.47 0.32
Price to Revenue (P/Rev)		 0.48 0.59 0.48 0.37 0.26 0.20 0.21 0.25 0.25 0.27 0.17
Price to Earnings (P/E)		 19.77 24.35 35.60 16.09 0.00 0.00 3.46 12.54 41.51 0.00 0.00
Dividend Yield		 1.05% 0.85% 0.51% 0.62% 0.86% 1.05% 0.00% 0.84% 0.87% 0.82% 2.60%
Earnings Yield		 5.06% 4.11% 2.81% 6.21% 0.00% 0.00% 28.86% 7.98% 2.41% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.69 0.85 0.72 0.52 0.50 0.39 0.31 0.33 0.39 0.40 0.25
Enterprise Value to Revenue (EV/Rev)		 0.58 0.70 0.61 0.42 0.37 0.31 0.29 0.29 0.29 0.32 0.18
Enterprise Value to EBITDA (EV/EBITDA)		 5.80 6.73 6.03 3.32 3.86 3.36 1.54 1.90 2.39 3.51 2.87
Enterprise Value to EBIT (EV/EBIT)		 19.53 20.20 28.43 14.13 0.00 0.00 3.56 10.88 25.61 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 21.62 26.28 38.00 16.72 0.00 0.00 4.54 13.48 35.20 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.51 4.68 76.12 6.22 15.24 0.00 6.16 53.04 8.32 22.14 7.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.06 18.93 0.00 0.00 6.22 0.00 0.00 7.16 1.39 0.00 11.32
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.32 0.33 0.32 0.30 0.33 0.29 0.23 0.24 0.35 0.34 0.38
Long-Term Debt to Equity		 0.32 0.33 0.32 0.30 0.33 0.29 0.23 0.24 0.35 0.34 0.38
Financial Leverage		 0.37 0.33 0.32 0.31 0.31 0.31 0.26 0.24 0.29 0.35 0.36
Leverage Ratio		 3.10 3.06 3.04 3.03 3.21 3.28 2.97 2.82 3.16 3.57 3.74
Compound Leverage Factor		 3.10 3.06 3.04 3.03 3.21 3.28 2.97 2.82 3.16 3.57 3.74
Debt to Total Capital		 24.46% 24.77% 24.23% 22.99% 24.97% 22.18% 18.87% 19.28% 25.91% 25.52% 27.49%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 24.46% 24.77% 24.23% 22.99% 24.97% 22.18% 18.87% 19.28% 25.91% 25.52% 27.49%
Preferred Equity to Total Capital		 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.04% 0.04% 0.04%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.50% 75.19% 75.73% 76.97% 74.99% 77.79% 81.10% 80.69% 74.05% 74.44% 72.47%
Debt to EBITDA		 2.04 1.97 2.03 1.48 1.91 1.89 0.94 1.11 1.59 2.22 3.21
Net Debt to EBITDA		 1.05 1.06 1.23 0.40 1.20 1.17 0.40 0.30 0.31 0.51 0.19
Long-Term Debt to EBITDA		 2.04 1.97 2.03 1.48 1.91 1.89 0.94 1.11 1.59 2.22 3.21
Debt to NOPAT		 7.62 7.69 12.80 7.45 -49.64 -118.42 2.77 7.88 23.44 -92.94 -10.25
Net Debt to NOPAT		 3.92 4.13 7.77 2.03 -31.05 -73.17 1.18 2.10 4.51 -21.38 -0.59
Long-Term Debt to NOPAT		 7.62 7.69 12.80 7.45 -49.64 -118.42 2.77 7.88 23.44 -92.94 -10.25
Noncontrolling Interest Sharing Ratio		 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.05% 0.05% 0.05%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 8.66 6.09 -0.38 -2.95 11 -17 -14 8.06 39 -6.49 2.97
Operating Cash Flow to CapEx		 107.90% 7,645.65% 332.32% 11,814.56% 1,587.19% -2,618.84% 3,850.21% 1,016.82% 5,121.43% 3,277.50% 2,133.33%
Free Cash Flow to Firm to Interest Expense		 5.39 4.26 -0.24 -1.71 5.37 -8.13 -9.00 5.81 19.78 -1.98 0.87
Operating Cash Flow to Interest Expense		 2.77 17.23 0.84 7.06 2.19 -0.85 5.57 0.78 3.31 0.80 1.40
Operating Cash Flow Less CapEx to Interest Expense		 0.20 17.00 0.59 7.00 2.05 -0.88 5.43 0.71 3.24 0.78 1.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.52 0.52 0.52 0.54 0.53 0.54 0.50 0.49 0.48 0.49 0.48
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 138 136 139 147 135 152 179 175 138 144 137
Invested Capital Turnover		 1.18 1.20 1.19 1.25 1.30 1.37 1.17 1.12 1.19 1.30 1.31
Increase / (Decrease) in Invested Capital		 -4.23 -1.70 3.01 7.48 -12 17 27 -3.77 -37 6.09 -6.66
Enterprise Value (EV)		 96 115 100 76 68 60 55 58 54 58 34
Market Capitalization		 78 97 80 66 47 39 41 49 47 50 31
Book Value per Share		 $5.05 $4.99 $5.17 $5.53 $5.02 $5.78 $7.10 $6.93 $5.01 $5.26 $4.88
Tangible Book Value per Share		 $4.93 $4.86 $5.04 $5.40 $4.89 $5.65 $6.98 $6.81 $4.89 $5.13 $4.76
Total Capital		 138 136 139 147 135 152 179 175 138 144 137
Total Debt		 34 34 34 34 34 34 34 34 36 37 38
Total Long-Term Debt		 34 34 34 34 34 34 34 34 36 37 38
Net Debt		 17 18 20 9.19 21 21 14 8.99 6.88 8.46 2.19
Capital Expenditures (CapEx)		 4.13 0.32 0.40 0.10 0.28 0.07 0.23 0.11 0.13 0.08 0.23
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.02 0.10 0.00 0.00 0.00 -0.22 0.58
Net Nonoperating Obligations (NNO)		 34 34 34 34 34 34 34 34 36 37 38
Total Depreciation and Amortization (D&A)		 12 11 13 17 19 18 20 25 20 17 17
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.19 $0.19 $0.11 $0.20 ($0.05) ($0.04) $0.58 $0.19 $0.06 ($0.03) ($0.23)
Adjusted Weighted Average Basic Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M 0.00 20.40M 20.40M
Adjusted Diluted Earnings per Share		 $0.19 $0.19 $0.11 $0.20 ($0.05) ($0.04) $0.56 $0.19 $0.06 ($0.03) ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M 0.00 20.40M 20.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.19 $0.11 $0.20 ($0.05) ($0.04) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.58M 20.39M 20.42M 20.40M 20.15M 20.47M 20.42M 20.38M 0.00 20.40M 20.40M
Normalized Net Operating Profit after Tax (NOPAT)		 4.43 4.39 2.64 4.53 -0.68 -0.28 12 4.28 1.53 -0.40 -3.68
Normalized NOPAT Margin		 2.69% 2.67% 1.60% 2.52% -0.37% -0.15% 6.28% 2.16% 0.82% -0.22% -1.99%
Pre Tax Income Margin		 2.98% 3.47% 2.14% 2.99% -0.53% -0.21% 8.00% 2.68% 1.13% -0.31% -2.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.05 3.99 2.26 3.11 -0.48 -0.19 9.63 3.82 1.07 -0.17 -1.54
NOPAT to Interest Expense		 2.76 3.07 1.69 2.63 -0.33 -0.13 7.56 3.09 0.78 -0.12 -1.08
EBIT Less CapEx to Interest Expense		 0.48 3.77 2.00 3.05 -0.61 -0.22 9.48 3.75 1.01 -0.20 -1.61
NOPAT Less CapEx to Interest Expense		 0.19 2.85 1.43 2.57 -0.47 -0.17 7.41 3.01 0.72 -0.15 -1.14
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.46% 18.48% 30.61% 17.82% -114.49% -207.77% 3.28% 18.85% 52.92% -471.93% -18.91%
Augmented Payout Ratio		 88.22% 41.20% 57.09% 33.11% -199.29% -226.17% 3.28% 18.85% 52.92% -471.93% -18.91%

Quarterly Metrics And Ratios for Atlantic American

This table displays calculated financial ratios and metrics derived from Atlantic American's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
DEI Shares Outstanding		 20,402,288.00 20,402,288.00 20,399,758.00 20,399,758.00 20,399,758.00 20,399,758.00 20,399,758.00 20,397,228.00 20,397,228.00
DEI Adjusted Shares Outstanding		 20,402,288.00 20,402,288.00 20,399,758.00 20,399,758.00 20,399,758.00 20,399,758.00 20,399,758.00 20,397,228.00 20,397,228.00
DEI Earnings Per Adjusted Shares Outstanding		 0.09 -0.11 -0.10 -0.03 -0.10 0.02 0.04 0.16 0.03
Growth Metrics		 - - - - - - - - -
Revenue Growth		 -4.54% 2.95% 1.37% -3.27% -0.21% 5.08% 6.95% 16.49% 21.38%
EBITDA Growth		 1,536.08% -44.75% -6.34% -140.59% -279.08% 34.92% 173.74% 367.36% 113.79%
EBIT Growth		 325.29% -327.42% -37.84% -138.30% -214.78% 117.57% 141.30% 596.58% 131.34%
NOPAT Growth		 364.79% -307.59% -37.84% -134.08% -197.66% 118.97% 145.72% 657.97% 133.59%
Net Income Growth		 357.16% -313.00% -38.17% -139.22% -213.59% 118.49% 140.14% 584.80% 128.88%
EPS Growth		 300.00% -283.33% -25.00% -150.00% -225.00% 109.09% 130.00% 475.00% 120.00%
Operating Cash Flow Growth		 -37.65% -29.13% 54.19% -93.80% -93.35% 55.93% 86.43% 2,130.29% 7,280.00%
Free Cash Flow Firm Growth		 -102.71% -121.67% -106.76% -72.57% -789.11% 185.56% 201.65% -282.07% 67.66%
Invested Capital Growth		 2.15% 4.42% -0.39% -1.28% 5.92% -4.62% -0.30% 3.97% 2.60%
Revenue Q/Q Growth		 -9.59% 4.90% 0.56% 1.43% -6.73% 10.46% 2.36% 10.47% -2.82%
EBITDA Q/Q Growth		 -53.79% 726.34% -113.04% 18.48% -103.87% 722.55% -92.87% 195.56% -89.48%
EBIT Q/Q Growth		 -3.56% -245.09% 19.21% 66.12% -189.05% 122.21% 89.91% 307.34% -81.76%
NOPAT Q/Q Growth		 0.86% -223.45% 19.21% 66.12% -189.05% 123.98% 94.66% 313.47% -82.60%
Net Income Q/Q Growth		 0.86% -226.66% 10.32% 65.77% -192.11% 120.62% 94.66% 313.47% -82.60%
EPS Q/Q Growth		 0.00% -237.50% 9.09% 60.00% -150.00% 110.00% 200.00% 400.00% -86.67%
Operating Cash Flow Q/Q Growth		 -79.85% 355.65% -186.28% 107.82% -78.37% 10,581.11% -107.51% 1,385.04% -28.41%
Free Cash Flow Firm Q/Q Growth		 -125.12% -654.65% 85.45% 199.46% -914.23% 172.62% -82.72% -278.15% -44.65%
Invested Capital Q/Q Growth		 -3.37% 6.29% -2.41% -1.52% 3.67% -4.28% 2.02% 2.70% 2.31%
Profitability Metrics		 - - - - - - - - -
EBITDA Margin		 3.63% 28.58% -3.71% -2.98% -6.51% 36.70% 2.56% 6.84% 0.74%
EBIT Margin		 4.89% -6.76% -5.43% -1.81% -5.62% 1.13% 2.10% 7.73% 1.45%
Profit (Net Income) Margin		 4.02% -4.86% -4.33% -1.46% -4.58% 0.85% 1.63% 6.08% 1.09%
Tax Burden Percent		 82.27% 71.82% 79.73% 80.57% 81.42% 75.60% 77.49% 78.65% 75.03%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.73% 0.00% 0.00% 0.00% 0.00% 24.40% 22.51% 21.35% 24.97%
Return on Invested Capital (ROIC)		 5.47% -6.16% -4.97% -1.66% -5.15% 1.12% 2.18% 8.43% 1.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.47% -6.32% -5.63% -1.90% -5.90% 1.12% 2.18% 8.43% 1.54%
Return on Net Nonoperating Assets (RNNOA)		 1.99% -2.19% -2.02% -0.70% -2.15% 0.40% 0.80% 3.08% 0.54%
Return on Equity (ROE)		 7.45% -8.35% -6.99% -2.36% -7.30% 1.53% 2.98% 11.51% 2.08%
Cash Return on Invested Capital (CROIC)		 0.19% -4.60% -0.23% -0.89% -10.22% 2.11% -0.56% -2.10% 0.95%
Operating Return on Assets (OROA)		 2.47% -3.32% -2.78% -0.87% -2.74% 0.54% 1.05% 3.71% 0.73%
Return on Assets (ROA)		 2.03% -2.38% -2.22% -0.70% -2.23% 0.41% 0.81% 2.92% 0.55%
Return on Common Equity (ROCE)		 7.45% -8.34% -6.99% -2.36% -7.29% 1.53% 2.98% 11.51% 2.07%
Return on Equity Simple (ROE_SIMPLE)		 3.14% 0.00% -0.70% -3.13% -6.53% 0.00% -1.43% 2.38% 4.66%
Net Operating Profit after Tax (NOPAT)		 1.76 -2.17 -1.75 -0.59 -1.72 0.41 0.80 3.32 0.58
NOPAT Margin		 4.02% -4.73% -3.80% -1.27% -3.94% 0.85% 1.63% 6.08% 1.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.16% 0.65% 0.24% 0.75% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 95.11% 106.76% 105.43% 101.81% 105.62% 98.87% 97.90% 92.27% 98.55%
Earnings before Interest and Taxes (EBIT)		 2.14 -3.10 -2.51 -0.85 -2.45 0.55 1.04 4.22 0.77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.59 13 -1.71 -1.39 -2.84 18 1.26 3.73 0.39
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.40 0.46 0.54 0.34 0.32 0.32 0.33 0.41 0.53
Price to Tangible Book Value (P/TBV)		 0.41 0.47 0.56 0.35 0.33 0.32 0.34 0.42 0.55
Price to Revenue (P/Rev)		 0.21 0.27 0.30 0.19 0.19 0.17 0.18 0.22 0.29
Price to Earnings (P/E)		 14.43 0.00 0.00 0.00 0.00 0.00 0.00 20.37 12.43
Dividend Yield		 1.05% 0.82% 0.73% 2.40% 2.39% 2.60% 2.39% 0.94% 0.70%
Earnings Yield		 6.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.91% 8.04%
Enterprise Value to Invested Capital (EV/IC)		 0.38 0.40 0.52 0.37 0.34 0.25 0.26 0.24 0.42
Enterprise Value to Revenue (EV/Rev)		 0.29 0.32 0.39 0.28 0.27 0.18 0.19 0.18 0.30
Enterprise Value to EBITDA (EV/EBITDA)		 1.91 3.51 4.41 4.36 6.83 2.87 2.45 1.76 2.68
Enterprise Value to EBIT (EV/EBIT)		 13.31 0.00 0.00 0.00 0.00 0.00 0.00 10.42 9.43
Enterprise Value to NOPAT (EV/NOPAT)		 16.73 0.00 0.00 0.00 0.00 0.00 0.00 13.76 12.12
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.07 22.14 8.12 19.33 36.19 7.01 3.84 1.91 2.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 208.52 0.00 0.00 0.00 0.00 11.32 0.00 0.00 44.83
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.37 0.34 0.37 0.38 0.36 0.38 0.37 0.36 0.34
Long-Term Debt to Equity		 0.37 0.34 0.37 0.38 0.36 0.38 0.37 0.36 0.34
Financial Leverage		 0.36 0.35 0.36 0.36 0.36 0.36 0.37 0.37 0.35
Leverage Ratio		 3.67 3.57 3.47 3.72 3.66 3.74 3.68 3.94 3.80
Compound Leverage Factor		 3.67 3.57 3.47 3.72 3.66 3.74 3.68 3.94 3.80
Debt to Total Capital		 27.13% 25.52% 26.86% 27.28% 26.31% 27.49% 26.94% 26.23% 25.64%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 27.13% 25.52% 26.86% 27.28% 26.31% 27.49% 26.94% 26.23% 25.64%
Preferred Equity to Total Capital		 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 72.83% 74.44% 73.10% 72.68% 73.65% 72.47% 73.02% 73.73% 74.32%
Debt to EBITDA		 1.35 2.22 2.30 3.26 5.27 3.21 2.57 1.90 1.64
Net Debt to EBITDA		 0.47 0.51 1.01 1.43 2.05 0.19 0.13 -0.44 0.14
Long-Term Debt to EBITDA		 1.35 2.22 2.30 3.26 5.27 3.21 2.57 1.90 1.64
Debt to NOPAT		 11.85 -92.94 -43.05 -12.49 -6.05 -10.25 -31.31 14.91 7.39
Net Debt to NOPAT		 4.14 -21.38 -18.90 -5.47 -2.36 -0.59 -1.54 -3.42 0.65
Long-Term Debt to NOPAT		 11.85 -92.94 -43.05 -12.49 -6.05 -10.25 -31.31 14.91 7.39
Noncontrolling Interest Sharing Ratio		 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.10 -8.26 -1.20 1.20 -9.74 7.07 1.22 -2.18 -3.15
Operating Cash Flow to CapEx		 19,328.57% 123,300.00% -13,638.46% 756.36% 281.25% 9,710.10% -273.48% 5,457.65% 21,425.81%
Free Cash Flow to Firm to Interest Expense		 -1.29 -9.59 -1.41 1.38 -11.20 8.54 1.58 -2.82 -4.04
Operating Cash Flow to Interest Expense		 1.59 7.15 -6.22 0.48 0.10 11.61 -0.93 12.00 8.53
Operating Cash Flow Less CapEx to Interest Expense		 1.58 7.15 -6.27 0.42 0.07 11.49 -1.27 11.78 8.49
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.50 0.49 0.51 0.48 0.49 0.48 0.50 0.48 0.50
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 136 144 141 138 144 137 140 144 147
Invested Capital Turnover		 1.36 1.30 1.31 1.31 1.31 1.31 1.34 1.39 1.41
Increase / (Decrease) in Invested Capital		 2.85 6.09 -0.55 -1.79 8.02 -6.66 -0.42 5.49 3.73
Enterprise Value (EV)		 52 58 72 51 49 34 36 35 62
Market Capitalization		 39 50 56 34 34 31 34 43 59
Book Value per Share		 $4.84 $5.26 $5.04 $4.93 $5.18 $4.88 $5.02 $5.20 $0.00
Tangible Book Value per Share		 $4.71 $5.13 $4.91 $4.81 $5.06 $4.76 $4.89 $5.08 $0.00
Total Capital		 136 144 141 138 144 137 140 144 147
Total Debt		 37 37 38 38 38 38 38 38 38
Total Long-Term Debt		 37 37 38 38 38 38 38 38 38
Net Debt		 13 8.46 17 17 15 2.19 1.86 -8.66 3.32
Capital Expenditures (CapEx)		 0.01 0.01 0.04 0.06 0.03 0.10 0.26 0.17 0.03
Net Nonoperating Expense (NNE)		 0.00 0.06 0.24 0.09 0.28 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 37 37 38 38 38 38 38 38 38
Total Depreciation and Amortization (D&A)		 -0.55 16 0.80 -0.55 -0.39 17 0.23 -0.49 -0.38
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 ($0.11) ($0.10) ($0.04) ($0.10) $0.01 $0.03 $0.16 $0.02
Adjusted Weighted Average Basic Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.08 ($0.11) ($0.10) ($0.04) ($0.10) $0.01 $0.03 $0.15 $0.02
Adjusted Weighted Average Diluted Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 20.40M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 1.76 -2.17 -1.75 -0.59 -1.72 0.41 0.80 3.32 0.58
Normalized NOPAT Margin		 4.02% -4.73% -3.80% -1.27% -3.94% 0.85% 1.63% 6.08% 1.09%
Pre Tax Income Margin		 4.89% -6.76% -5.43% -1.81% -5.62% 1.13% 2.10% 7.73% 1.45%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 2.52 -3.60 -2.93 -0.98 -2.82 0.66 1.34 5.45 0.99
NOPAT to Interest Expense		 2.07 -2.52 -2.05 -0.69 -1.98 0.50 1.04 4.29 0.74
EBIT Less CapEx to Interest Expense		 2.51 -3.60 -2.98 -1.04 -2.86 0.54 1.00 5.23 0.95
NOPAT Less CapEx to Interest Expense		 2.06 -2.52 -2.10 -0.75 -2.01 0.38 0.70 4.07 0.70
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 26.01% -471.93% 0.00% -38.53% -11.67% -18.91% 0.00% 31.87% 15.80%
Augmented Payout Ratio		 26.01% -471.93% 0.00% -38.53% -11.67% -18.91% 0.00% 31.87% 15.80%

Financials Breakdown Chart

Key Financial Trends

Atlantic American (NASDAQ: AAME) showed a much stronger third quarter in 2025 than the same period a year ago, but the business still appears highly volatile and dependent on investment gains and insurance claim trends. Revenue and profitability improved sharply year over year, while the balance sheet remained fairly stable with modest equity growth. Still, the company’s earnings quality can swing significantly quarter to quarter, and operating cash flow was weaker than the prior quarter.

  • Q3 2025 revenue rose modestly year over year, reaching $52.98 million versus $43.65 million in Q3 2024.
  • Net income rebounded strongly from a loss to $577,000 in Q3 2025, compared with a $2.0 million loss in Q3 2024.
  • Income available to common shareholders improved to $477,000 from a $2.1 million loss a year earlier.
  • Operating cash flow was solidly positive at $6.64 million in Q3 2025, though down from $9.28 million in Q2 2025.
  • Total equity increased to $109.5 million at Sept. 30, 2025, from $106.2 million at June 30, 2025.
  • Cash and due from banks increased sequentially to $34.4 million from $23.0 million at the end of Q3 2024, supporting near-term liquidity.
  • Premiums earned continued to grow, reaching $52.0 million in Q3 2025 versus $47.0 million in Q1 2025 and $43.8 million in Q3 2024.
  • Trading account securities remained a very large asset base at $247.1 million, meaning investment performance will continue to matter a lot.
  • Long-term debt stayed essentially flat at about $37.8 million across the last several quarters.
  • Q3 2025 earnings were still thin, with diluted EPS of just $0.02, showing limited profitability despite better results.
  • Interest expense remains a persistent drag, with $779,000 of interest expense in Q3 2025 and no offsetting interest income.
  • Profitability remains inconsistent: the company posted a $684,000 loss in Q2 2024, a $1.99 million loss in Q3 2024, then a rebound, indicating earnings volatility.
  • Insurance claim costs are still heavy, with property and liability insurance claims of $35.5 million in Q3 2025, which consumed a large share of revenue.
  • Investing cash outflows were large in Q3 2025, as purchases of investment securities outpaced sales and helped drive a $11.98 million decline in cash for the quarter.

Longer-term trend: Over the last four quarters, Atlantic American has moved from weak and occasionally loss-making results in 2024 to a somewhat improved 2025 performance. Revenue has been relatively stable to higher, and the company has maintained positive equity and liquidity. However, earnings are still highly sensitive to insurance claims, investment gains/losses, and interest expense, so investors should expect uneven quarter-to-quarter results rather than a smooth growth story.

Bottom line: Q3 2025 was a step in the right direction, but AAME still looks like a cyclical, event-driven insurer with narrow margins and volatile quarterly earnings. The improvement is encouraging, yet the business has not shown consistent profit power.

07/26/26 11:44 AM ETAI Generated. May Contain Errors.

Atlantic American Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Atlantic American's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Atlantic American's net income appears to be on a downward trend, with a most recent value of -$4.27 million in 2024, falling from $4.43 million in 2014. The previous period was -$171 thousand in 2023. See Atlantic American's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Atlantic American's total revenue changed from $164.71 million in 2014 to $184.81 million in 2024, a change of 12.2%.

Atlantic American's total liabilities were at $293.82 million at the end of 2024, a 7.2% increase from 2023, and a 38.1% increase since 2014.

In the past 10 years, Atlantic American's cash and equivalents has ranged from $12.63 million in 2018 to $35.57 million in 2024, and is currently $35.57 million as of their latest financial filing in 2024.

Over the last 10 years, Atlantic American's book value per share changed from 5.05 in 2014 to 4.88 in 2024, a change of -3.4%.


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Financial statements for NASDAQ:AAME last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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