Atlantic American Corporation filings document the formal reporting record for a Nasdaq-listed insurance holding company operating in life, health, and property and casualty markets. Current reports furnish quarterly results press releases and identify exhibits, while late-filing and continued-listing disclosures address the company’s Form 10-K reporting status and Nasdaq Listing Rule 5250(c)(1) compliance.
The filings also record governance and officer-transition matters, corporate identity information, common stock listing status, and public reporting obligations connected to the company’s insurance holding company structure.
Atlantic American Corporation (AAME) asks shareholders to elect six directors and ratify Forvis Mazars, LLP as its independent registered public accounting firm for the year ending December 31, 2026, at the November 10, 2026 annual meeting. Holders of record on October 9, 2026 may vote; each common share carries one vote.
AAME is a controlled company; three of its six directors are identified as independent under Nasdaq Rules, and the company is exempt from the majority-independent-board requirement. Hilton H. Howell, Jr. serves as president, CEO and board chair and is reported to beneficially own 56.30% of common stock. His 2025 total compensation was $1,615,566.
The company paid approximately $1.4 million to 4370 Peachtree LLC, indirectly owned by Robin R. Howell and Jill E. Robinson, under its office lease in 2025. Forvis audit fees were approximately $1,107,000 for 2025, versus $682,000 for 2024. Management revised 2024 financial information for errors in due-premium receivables and related premium revenue; it concluded no compensation recovery was required under its clawback policy.
Atlantic American Corporation (AAME) received a Nasdaq Staff Delisting Determination on October 16, 2026, after missing the October 12 deadline for its 2025 Form 10-K and Form 10-Qs for the quarters ended March 31 and June 30, 2026. The deadline followed a previously granted 180-day extension. Atlantic American filed the 2025 Form 10-K on October 16; the two quarterly reports remain delinquent.
The company intends to appeal by requesting a hearing no later than October 23, 2026. The request automatically stays suspension of trading for 15 days. Atlantic American also plans to request a further stay pending the hearing, but the Hearings Panel may decline. Without an extended stay, the common stock would be suspended after the automatic stay unless the panel later decides in writing to reinstate trading.
Atlantic American Corporation (AAME) amended its 2025 annual report to add the inadvertently omitted signature to the independent auditor’s report, file a revised auditor consent with corrected date references, and include new certifications. The amendment otherwise does not modify or update the original report.
For 2025, revenue was $210.4 million, versus $188.1 million in restated 2024, and net income was $6.0 million, compared with a $1.4 million loss; non-GAAP operating income was $3.7 million versus a $1.3 million loss. Management revised 2024 figures for errors in group insurance premium receivables and related premium revenue; the revision increased 2024 net loss by $277,000 without changing net cash provided by operating activities. Management identified a material weakness in financial-reporting controls and said remediation is ongoing. The company expects a Nasdaq staff delisting determination because it could not file each delinquent report by October 12, 2026, and intends to appeal; an appeal may not prevent suspension or delisting.
Atlantic American Corporation (AAME) reported 2025 total revenue of $210.4 million and net income of $6.0 million, compared with restated 2024 revenue of $188.1 million and a net loss of $1.4 million. Diluted earnings were $0.28 per share versus a $0.09 loss per diluted share. Non-GAAP operating income was $3.7 million, versus a $1.3 million operating loss.
American Southern recorded underwriting income of $744,000 versus a $3.6 million loss in 2024; its combined ratio was 99.1%, versus 105.4%. Bankers Fidelity reported net earned premiums of $111.6 million and underwriting income of $2.8 million, compared with $110.9 million and $2.7 million in 2024.
Management revised 2024 figures for errors in due-premium receivables and related premium revenue; the corrections increased 2024 net loss by $277,000. Management said the errors were not material to previously issued statements. Separately, it identified material weaknesses in financial-reporting controls as of December 31, 2025, with remediation underway. Nasdaq extended the deadline to regain periodic-report compliance to October 12, 2026. The company expects a staff delisting determination and intends to appeal, which may not prevent suspension or delisting.
Atlantic American Corporation amended its revolving credit agreement with Truist Bank through amendments dated October 9 and October 15, 2026. The first amendment extended the deadline for the company’s audited 2025 consolidated financial statements and related certificates to October 15, 2026, and set November 30, 2026, as the deadline for interim statements and related certificates for the quarters ended March 31, June 30, and September 30, 2026.
The October 15 amendment further extended the audited statements and related certificates deadline to October 23, 2026. It also changed the minimum AM Best financial strength rating required for subsidiary American Southern Insurance Company to no lower than A- and waived related credit-agreement defaults occurring before that amendment.
ATLANTIC AMERICAN CORP (AAME) disclosed that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not filed its Form 10-Q for the quarter ended June 30, 2026 and remains delinquent on its 2025 Form 10-K and March 31, 2026 Form 10-Q. The rule requires timely filing of all periodic reports with the SEC.
Nasdaq previously granted an extension until October 12, 2026 for Atlantic American to regain compliance. The company now has until September 4, 2026 to submit an updated plan addressing the June 30, 2026 Form 10-Q. If Nasdaq accepts the plan, any extension for that Form 10-Q will still be limited to October 12, 2026; if not accepted, Atlantic American may appeal to a Nasdaq Hearings Panel.
The notice has no immediate effect on the listing or trading of Atlantic American’s common stock on The Nasdaq Global Market. Management states that it is working diligently and making progress toward filing the delinquent reports and regaining compliance within the current extension period. Atlantic American operates as an insurance holding company with life, health, and property and casualty subsidiaries.
Atlantic American Corporation reported that it will not file its Form 10‑Q for the quarter ended June 30, 2026 within the prescribed deadline. The delay stems from additional work needed to compile financial data and supporting documentation required by Accounting Standards Update No. 2018‑12 for long‑duration insurance contracts. This same work is also delaying completion of the Form 10‑K for the year ended December 31, 2025 and the Form 10‑Q for the quarter ended March 31, 2026, which together with the June 30 report are described as the “Delinquent Reports.” The company states it is currently not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports, but notes that Nasdaq has granted an extension until October 12, 2026 to regain compliance. Management indicates it is working diligently to complete and file the Delinquent Reports as promptly as practicable within this extension period.
On July 31, 2026, Atlantic American Corporation entered into a Third Amendment to its Revolving Credit Agreement dated May 12, 2021 with Truist Bank as lender. The amendment extends to no later than October 12, 2026 the deadline to deliver key financial information to the lender.
By that date the company must provide its audited consolidated financial statements for the year ended December 31, 2025, its interim consolidated financial statements for the quarters ended March 31, 2026 and June 30, 2026, and related certificates regarding compliance with financial covenants and certain other matters. The full amendment is included as Exhibit 10.1.
Atlantic American Corporation reports that Nasdaq has granted an extension until October 12, 2026 to regain compliance with Nasdaq Listing Rule 5250(c)(1) after delays in filing its Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026.
Nasdaq had notified the company of noncompliance on April 17 and May 21, 2026 and required a compliance plan by June 16, 2026, which the company submitted. Atlantic American states that it is working diligently to complete the delinquent reports. If compliance is not restored by the deadline, Nasdaq will move to delist the company’s common stock, though the company could appeal to a Nasdaq Hearings Panel.
Atlantic American Corporation reported that it entered into a Second Amendment to its Revolving Credit Agreement with Truist Bank. The amendment extends the date by which the company must deliver its audited consolidated financial statements for the year ended December 31, 2025, and its interim consolidated financial statements for the quarter ended March 31, 2026. It also extends the deadline to provide related certificates of compliance with financial covenants and other matters to no later than July 31, 2026.