Atlantic American files late 10-Q notice (NASDAQ: AAME) over ASU 2018-12 work

Rhea-AI Filing Summary

Atlantic American Corporation filed a Form 12b-25 notifying the SEC that it is unable to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The Company says it needs additional time to compile financial data and supporting documentation required by ASU 2018-12 (Topic 944) for long-duration insurance contracts, to complete its Form 10-K for the year ended December 31, 2025 and the Form 10-Q for March 31, 2026, and to permit its independent registered public accounting firm to finish audit and review procedures.

Key Figures

Quarter end: March 31, 2026 Year end: December 31, 2025 Notice date: May 18, 2026 +1 more

4 metrics

Quarter end March 31, 2026 Quarterly period for the delayed Form 10-Q

Year end December 31, 2025 Annual period for the Form 10-K being completed

Notice date May 18, 2026 Date the Form 12b-25 was signed by the CFO

Governing standard ASU 2018-12 Topic 944 targeted improvements for long-duration contracts

Key Terms

Form 12b-25, ASU 2018-12 (Topic 944), independent registered public accounting firm

3 terms

Form 12b-25 regulatory

"Notification of Late Filing used to inform the SEC of a delayed report"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

ASU 2018-12 (Topic 944) financial

"Targeted Improvements to the Accounting for Long-Duration Contracts"

independent registered public accounting firm regulatory

"permitting the Company's independent registered public accounting firm to complete its audit and review procedures"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

		SEC File Number: 000-03722 CUSIP Number: 048209100
(Check One):		☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR
		For Period Ended: March 31, 2026
		☐ Transition Report on Form 10-K
		☐ Transition Report on Form 20-F
		☐ Transition Report on Form 11-K
		☐ Transition Report on Form 10-Q
		For the Transition Period Ended:

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I

REGISTRANT INFORMATION

Atlantic American Corporation

Full Name of Registrant

Former Name if Applicable

4370 Peachtree Road, N.E.

Address of Principal Executive Office (Street and Number)

Atlanta, Georgia 30319

City, State and Zip Code

PART II

RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

☐		(a)		The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
		(b)		The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
		(c)		The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III

NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Atlantic American Corporation (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense. The Company requires additional time to compile and analyze all requisite financial information, and the supporting documentation required by the recently adopted Accounting Standards Update No. 2018‑12, Financial Services—Insurance (Topic 944)—Targeted Improvements to the Accounting for Long-Duration Contracts, in order to complete its financial statements and the Annual Report on Form 10-K for the year ended December 31, 2025 and its financial statements and the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, and then to permit the Company’s independent registered public accounting firm to complete its audit and review procedures, respectively.

PART IV

OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

J. Ross Franklin		(404)		266-5500
(Name)		(Area Code)		(Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). ☐ Yes ☒ No

Annual Report on Form 10-K for the year ended December 31, 2025

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☐ Yes ☒ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Not applicable.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are all statements other than those of historical fact and are inherently subject to risks and uncertainties that could cause actual results to differ materially. These forward-looking statements include, without limitation, statements regarding the Company’s expectations with respect to the results of operations to be set forth in the Form 10-K and the Form 10-Q. These statements are based on various assumptions, whether or not identified in this document, and on the current expectations of the Company’s management and are not guarantees of actual performance. Factors that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements include, among others, the results of the Company’s financial reporting procedures and the possibility of adjustments in the Company’s financial reporting process generally. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those expressed in or implied by these forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations as of the date of this document. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as may be required by law. Accordingly, undue reliance should not be placed upon these forward-looking statements.

Atlantic American Corporation

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 18, 2026	By:	/s/ J. Ross Franklin
		J. Ross Franklin
		Vice President and Chief Financial Officer

FAQ

Why did Atlantic American (AAME) file a Form 12b-25?

Atlantic American filed a Form 12b-25 because it cannot timely file its Form 10-Q for the period ended March 31, 2026. The delay is due to additional work required to implement ASU 2018-12 for long-duration insurance contracts and complete audit and review procedures.

What accounting change is causing the delay for AAME?

The delay centers on implementing Accounting Standards Update No. 2018-12 (Financial Services—Insurance, Topic 944), which requires additional compilation and analysis of financial information and supporting documentation for long-duration contracts before completing the financial statements.

Will Atlantic American still file its Form 10-K and Form 10-Q?

Yes. The company states it requires extra time to finish the Form 10-K for the year ended December 31, 2025 and the Form 10-Q for the quarter ended March 31, 2026, and to allow the independent auditor to complete audit and review procedures.

Did Atlantic American provide an estimated filing date for the delayed reports?

No explicit estimated filing date is provided in the notice. The company states it needs additional time for compilation and audit work tied to ASU 2018-12, without specifying a target submission date.

Does the Form 12b-25 indicate material changes in financial results for AAME?

No. The notice does not disclose any specific changes to financial results. It explains the delay relates to the additional accounting work and the audit/review process required by the new accounting standard.