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Stock impact report

Atlantic American Reports Second Quarter Results

Atlantic American Corporation (AAME) 
US:NASDAQ Investor Relations: atlam.gcs-web.com/contacts
Company Research Source: GlobeNewswire
Net income for the three month period ended June 30, 2018 increased to $3.2 million as compared to $1.5 million in the comparable period in 2017Insurance premiums increased to $42.8 million, or 6.8%, compared to $40.1 million for the three month periods ended June 30, 2018 and 2017, respectively ATLANTA, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq- AAME) today reported net income for the three month period ended June 30, 2018 of $3.2 million, or $0.15 per share, as compared to $1.5 million, or $0.07 per share, for the comparable period of 2017.  For the six month period ended June 30, 2018 the company reported a net loss of $1.8 million, or $0.10 per share, compared to net income of $1.2 million, or $0.05 per share, in the comparable period of 2017.  The increase in net income during the second quarter of 2018 was primarily due to the impact of an accounting standard adopted January 1, 2018.  This accounting standard requires changes in the fair value o Show less Read more
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