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Atlantic American Corp. - AAME STOCK NEWS

Welcome to our dedicated news page for Atlantic American (Ticker: AAME), a resource for investors and traders seeking the latest updates and insights on Atlantic American.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Atlantic American's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Atlantic American's position in the market.

Rhea-AI Summary
Atlantic American (AAME) reported a net loss for the fourth quarter of 2023 and the full year, attributed to increased insurance benefits and losses, a decline in earned premiums, and rising debt service costs. Operating income also decreased due to higher insurance benefits and losses. The company remains optimistic about future growth, highlighted by investments in talent and technology. The Board approved an annual dividend of $0.02 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.51%
Tags
dividends
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Rhea-AI Summary
AM Best affirms credit ratings for American Southern Group and Bankers Fidelity Life Insurance Group, with stable outlooks. Atlantic American Corporation's parent company rating also affirmed. Positive factors include strong balance sheet strength and operating performance. Negative aspects include increased stockholder dividend payments impacting parent company's debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
Rhea-AI Summary
Atlantic American Corporation (Nasdaq- AAME) reported net income of $1.8 million for the three month period ended September 30, 2023, compared to a net loss of $0.7 million for the same period in 2022. The increase in net income was due to a more favorable loss experience in life and health operations and a decrease in unrealized losses on equity securities. Operating income increased $1.9 million for the three month period ended September 30, 2023, primarily due to a more favorable loss experience in life and health operations. However, ancillary and administrative costs also increased due to the implementation of a new actuarial valuation system and growth in business lines. Atlantic American Corporation is involved in specialty markets of the life, health, and property and casualty insurance industries. The company's newest legal entity, Atlantic Capital Life Assurance Company, has recently launched products in select states and expects additional state releases over the remainder of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.23%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none
Atlantic American Corp.

Nasdaq:AAME

AAME Rankings

AAME Stock Data

40.60M
4.05M
79.87%
5.58%
0.07%
Third Party Administration of Insurance and Pension Funds
Finance and Insurance
Link
United States
Atlanta

About AAME

atlantic american is a publicly traded (nasdaq - aame) holding company with three subsidiaries involved in well-defined specialty markets of the life, health, property and casualty insurance industries. bankers fidelity life insurance company is the flagship carrier in the life and health division. our property and casualty division is comprised of american southern insurance company. our insurance companies are rated either a- (excellent), b++ (good), or b+ (good) by a.m. best. atlantic american companies hold one or more licenses in 46 states and the district of columbia. our products are marketed through an exclusive network of independent agents and brokers.