Atlantic American Corp Stock Research

Market Summary

USD2.14+0.02

Market Closed

0.94%

AAME Stock Price

AAME RSI Chart

AAME Valuation

Market Cap

50.3M

Price/Earnings (Trailing)

Price/Sales (Trailing)

0.26

EV/EBITDA

4.25

Price/Free Cashflow

6.09

AAME Price/Sales (Trailing)

AAME Profitability

EBT Margin

2.14%

Return on Equity

3.21%

Return on Assets

0.87%

Free Cashflow Yield

16.43%

AAME Fundamentals

AAME Revenue

Revenue (TTM)

192.4M

Revenue Y/Y

-5.98%

Revenue Q/Q

3.75%

AAME Earnings

Earnings (TTM)

3.1M

Earnings Y/Y

25.25%

Earnings Q/Q

59.26%

Price Action

52 Week Range

2.103.49

(Low)(High)

Last 7 days

-0.9%

Last 30 days

-2.7%

Last 90 days

-13.4%

Trailing 12 Months

-31.8%

AAME Financial Health

AAME Investor Care

Dividend Yield

0.81%

Dividend/Share (TTM)

0.02

Buy Backs (1Y)

0.06%

Diluted EPS (TTM)

0.13

Peers (Alternatives to Atlantic American)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TRV	39.1B	37.8B	-6.89%	-3.45%	13.97	1.03	6.99%	-29.09%
PRU	38.7B	63.9B	-8.83%	-24.22%	125.56	0.61	-4.94%	-99.02%
MET	38.1B	69.5B	-19.12%	-25.38%	19.55	0.55	-2.45%	-71.62%
RE	23.8B	12.4B	-10.60%	21.71%	39.87	1.91	3.58%	-56.71%
GL	10.9B	5.2B	-5.35%	5.98%	-13.54	2.08	1.42%	-128.16%
ATH	-	12.0B	-	-	-	-	-71.04%	-208.46%
MID-CAP
PRI	6.6B	2.7B	-1.15%	45.60%	15.9	2.44	-1.60%	16.75%
LNC	3.5B	17.9B	-3.51%	-61.86%	-1.1	0.2	-10.49%	-282.57%
AEL	3.1B	1.9B	2.04%	-1.11%	6.15	1.59	-61.63%	-34.16%
BHF	2.7B	7.0B	-8.60%	-18.04%	-2.39	0.39	-21.55%	-201.34%
GNW	2.6B	7.5B	-6.96%	32.10%	4.99	0.35	-3.49%	-39.72%
SMALL-CAP
VERY	110.6M	169.0M	1.35%	-3.57%	-6.53	1.09	-2.78%	-2.63%
AAME	50.3M	192.4M	-2.73%	-31.85%	16	0.26	-8.30%	-76.65%

Financials for Atlantic American

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	-1.5%	192,352	195,299	202,087	199,554	209,754
EBITDA	8.0%	6,691	6,196	12,019	7,692	-
EBITDA Margin	9.6%	0.03*	0.03*	0.06*	0.04*	-
Earnings Before Taxes	9.1%	4,120	3,776	9,645	5,302	16,930
EBT Margin	10.8%	0.02*	0.02*	0.05*	0.03*	-
Interest Expenses	12.0%	1,638	1,462	1,395	1,387	1,397
Net Income	7.9%	3,144	2,913	7,554	4,281	13,464
Net Income Margin	9.6%	0.02*	0.01*	0.04*	0.02*	-
Free Cahsflow	-20.9%	8,266	10,448	-944	981	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-5.0%	360	379	375	402	404
Cash Equivalents	37.5%	22.00	16.00	16.00	25.00	14.00
Liabilities	-2.9%	262	270	249	261	264
Shareholder's Equity	-10.3%	98.00	109	126	141	140
Retained Earnings	-1.5%	51.00	52.00	54.00	51.00	49.00
Additional Paid-In Capital	0%	57.00	57.00	57.00	57.00	57.00
Shares Outstanding	-0.2%	20.00	20.00	20.00	20.00	20.00

* denotes actual numbers (not divided by Thousands)
Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-20.5%	8,396	10,558	-875	1,088	321
Share Based Compensation	-16.2%	119	142	171	211	251
Cashflow From Investing	78.0%	-932	-4,231	-3,003	5,300	6,018
Cashflow From Financing	66.7%	85.00	51.00	-956	-954	-952
Dividend Payments	NaN%	0.00	0.00	408	0.00	-

Risks for AAME

What is the probability of a big loss on AAME?

100%

Probability that Atlantic American stock will be more than 20% underwater in next one year

92.3%

Probability that Atlantic American stock will be more than 30% underwater in next one year.

29.2%

Probability that Atlantic American stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AAME drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Atlantic American was unfortunately bought at previous high price.

Drawdowns

Returns for AAME

Cumulative Returns on AAME

-5.5%

10-Year Cumulative Returns

-7.0%

7-Year Cumulative Returns

-5.6%

5-Year Cumulative Returns

6.7%

3-Year Cumulative Returns

What are the long-term rolling returns for AAME?

FIve years rolling returns for Atlantic American.

Annualized Returns

Which funds bought or sold AAME recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-22.15	-20,309	96,219	-%
2023-05-15	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
2023-05-15	NORTHERN TRUST CORP	reduced	-0.71	2,712	71,516	-%
2023-05-15	BIGLARI, SARDAR	added	65.19	29,197	69,230	0.28%
2023-05-15	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	8,695	135,695	-%
2023-05-15	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	28,218	493,822	0.01%
2023-05-15	VANGUARD GROUP INC	added	0.07	13,889	305,411	-%
2023-05-15	Royal Bank of Canada	new	-	-	-	-%
2023-05-12	BANK OF AMERICA CORP /DE/	sold off	-100	-9.00	-	-%
2023-05-12	WELLS FARGO & COMPANY/MN	added	3.45	6.00	74.00	-%

Latest Funds Activity

Are funds buying AAME calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AAME

No. of Funds

Atlantic American News

AAME Fair Value

Show Fair-Value

Recent SEC filings of Atlantic American

View All Filings

Date Filed	Form Type	Document
May 22, 2023	NT 10-Q	NT 10-Q
May 22, 2023	8-K	Current Report
Apr 21, 2023	8-K	Current Report
Apr 03, 2023	NT 10-K	NT 10-K

Latest Insider Trading transactions for AAME

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-30	ROBINSON HARRIETT J	bought	900,000	3.00	300,000	-
2022-12-30	ROBINSON HARRIETT J	sold	-900,000	3.00	-300,000	-
2022-11-11	Scheerer Joseph M	acquired	-	-	10,000	-
2022-11-11	Preisinger Mark E.	acquired	-	-	10,000	-
2022-11-11	Wheeler D Keehln	acquired	-	-	10,000	-
2022-11-11	Howell Robin Robinson	acquired	-	-	10,000	-
2022-11-11	HOWELL HILTON H JR	acquired	-	-	10,000	chairman, president & ceo
2022-09-06	Franklin Jeffrey Ross	sold (taxes)	-10,430	2.98	-3,500	vp, cfo & secretary
2022-09-06	HOWELL HILTON H JR	sold (taxes)	-27,815	2.98	-9,334	chairman, president & ceo
2022-05-01	Howell Robin Robinson	sold	-	-	-30,368	-

About Atlantic American

Hilton H. Howell

www.atlam.com

140

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products. The company also provides surety bond coverage for subdivision construction, school bus contracts, as well as performance and payment bonds. In addition, the company provides individual and group whole life insurance, as well as medicare supplement insurance products; and other accident and health insurance coverages, include various individual and group policies for the payment of standard benefits for the treatment of diagnosed cancer and other critical illnesses, as well as various other policies, such as short-term nursing facility care, accident expense, hospital indemnity, and disability coverages. It markets its products through independent agents and brokers. The company was founded in 1937 and is headquartered in Atlanta, Georgia.

AAME Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Insurance premiums, net	$ 46,380	$ 46,092	$ 140,526	$ 137,315
Net investment income	2,641	2,137	7,510	6,516
Realized investment gains, net	101	349	29	520
Unrealized gains (losses) on equity securities, net	(2,783)	711	(5,456)	5,458
Other income	4	1	11	13
Total revenue	46,343	49,290	142,620	149,822
Benefits and expenses:
Insurance benefits and losses incurred	30,630	35,045	94,552	100,020
Commissions and underwriting expenses	12,843	11,927	35,894	36,670
Interest expense	523	347	1,291	1,040
Other expense	3,296	3,264	10,151	10,178
Total benefits and expenses	47,292	50,583	141,888	147,908
Income (loss) before income taxes	(949)	(1,293)	732	1,914
Income tax expense (benefit)	(265)	(378)	253	298
Net income (loss)	(684)	(915)	479	1,616
Preferred stock dividends	(100)	(100)	(299)	(299)
Net income (loss) applicable to common shareholders	$ (784)	$ (1,015)	$ 180	$ 1,317
Earnings (loss) per common share (basic) (in dollars per share)	$ (0.04)	$ (0.05)	$ 0.01	$ 0.06
Earnings (loss) per common share (diluted) (in dollars per share)	$ (0.04)	$ (0.05)	$ 0.01	$ 0.06

AAME Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 21,876	$ 24,753
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $234,510 and $238,597)	202,303	260,986
Equity securities, at fair value (cost: $4,906 and $4,907)	13,667	19,124
Other invested assets (cost: $5,628 and $698)	5,421	198
Policy loans	1,797	1,858
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	224,464	283,442
Receivables:
Reinsurance	25,224	27,416
Insurance premiums and other (net of allowance for doubtful accounts: $175 and $188)	21,934	14,959
Deferred income taxes, net	14,614	1,755
Deferred acquisition costs	41,416	38,698
Other assets	8,277	8,719
Intangibles	2,544	2,544
Total assets	360,349	402,286
Insurance reserves and policyholder funds:
Future policy benefits	85,089	87,348
Unearned premiums	31,801	27,469
Losses and claims	86,578	85,620
Other policy liabilities	821	1,360
Total insurance reserves and policyholder funds	204,289	201,797
Accounts payable and accrued expenses	23,411	25,465
Revolving credit facility	1,000	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	262,438	261,000
Commitments and contingencies (Note 12)
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: 20,367,229 and 20,378,576	22,401	22,401
Additional paid-in capital	57,443	57,441
Retained earnings	51,036	51,264
Accumulated other comprehensive income (loss)	(25,443)	17,688
Unearned stock grant compensation	(52)	(73)
Treasury stock, at cost: 2,033,665 and 2,022,318 shares	(7,529)	(7,490)
Total shareholders' equity	97,911	141,286
Total liabilities and shareholders' equity	$ 360,349	$ 402,286