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0.0088888888888889 0.0733333333333333 0.144444444444445 0.164444444444445 0.149244444444445 0.0977777777777779 0.0233333333333334 0.0600000000000001
Stock impact report

Atlantic American Corporation Reports Second Quarter Results For 2021

Atlantic American Corporation (AAME) 
US:NASDAQ Investor Relations: atlam.gcs-web.com/contacts
Company Research Source: GlobeNewswire
ATLANTA, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq- AAME) today reported net income for the three month period ended June 30, 2021 of $3.0 million, or $0.14 per diluted share, as compared to net income of $6.5 million, or $0.30 per diluted share, for the comparable period in 2020. For the six month period ended June 30, 2021, the Company reported net income of $2.5 million, or $0.11 per diluted share, as compared to net loss of $1.6 million, or $0.09 per diluted share, for the comparable period in 2020. The decrease in net income during the second quarter of 2021 was primarily due to a $4.5 million increase in life and health insurance benefits and losses incurred. Such increase was largely the result of higher utilization of policy benefits as compared to the unusually low levels experienced in 2020 during the COVID-19 shelter in place restrictions imposed on our policyholders. The increase in net income for the six month period ended June 30, 2021 was Show less Read more
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