text stringlengths 198 2.89k |
|---|
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
claim experience and in the rate of claim processing. The IBNR liability is calculated as estimated ultimate claims less paid claims and claims in course of settlement.
Thirty-six months of loss d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
0
2021
2012
12,980
15,007
14,108
13,707
13,313
13,343
13,357
13,373
13,373
13,366
2,349
2013
18,664
20,702
21,096
21,823
21,352
21,020
20,972
20,972
20,970
3,270
2014
20,812... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,086
20,680
20,849
21
3,530
2016
20,549
21,275
21,846
22,388
22,245
22,310
84
3,852
2017
22,179
24,212
23,766
25,180
26,009
164
3,793
2018
24,284
25,682
27,338
30,013
1,784... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,147
2,422
223,695
Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2012
4,627... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
17,554
20,177
20,878
21,735
21,813
21,786
2015
6,226
11,878
14,938
17,612
19,557
20,234
20,726
2016
6,796
13,141
16,397
19,613
21,408
21,809
2017
7,401
16,317
20,221
22,778... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
242
183,908
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance
39,787
40
Table of Contents
Automobile Physical Damage
For the Years Ended December 31,
As of Decem... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,455
2019
8,526
8,026
7,914
1,486
2020
10,288
10,080
16
1,629
2021
14,296
227
1,748
45,580
Cumulative Paid Losses, Claims and Allocated Loss Adjustment
Expenses, Net of Reinsurance
A... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
8,347
9,952
2021
11,993
43,144
All outstanding liabilities before 2017, net of reinsurance
12
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance
2,448
General Li... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
269
1,270
1,214
1,333
1,344
1,377
1,388
1,349
162
2013
3,461
728
926
817
865
820
945
904
868
198
2014
3,744
501
557
476
406
497
523
519
199
2015
4,421
1,037
1,227
1,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
198
128
75
2019
1,916
707
455
101
85
2020
2,223
670
150
87
2021
2,567
1,746
59
8,768
Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Acci... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
805
855
867
2014
171
299
331
369
373
493
498
502
2015
98
259
464
664
863
855
855
2016
116
203
568
608
617
619
2017
75
136
365
556
696
2018
65
90
115
128
2019
41... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31,
As of December 31, 2021
Incurred Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
IBNR
Reserves
Cumulative
Number of
Reported Claims
Accident Year
2012
2013
2014
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2,757
2,753
60
2014
3,214
3,130
2,990
2,760
2,685
2,617
2,818
2,782
37
54
2015
1,902
1,630
1,400
1,359
1,406
1,310
1,307
50
2016
3,314
1,812
1,865
1,876
1,865
1,678
47
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2019
2,130
657
630
17
30
2020
2,263
574
56
23
2021
2,936
1,948
27
22,123
Cumulative Paid Losses, Claims and Allocated Loss Adjustment Expenses, Net of Reinsurance
Accident Year
20... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,763
2,789
2,749
2,765
2,757
2,753
2014
1,331
2,327
2,727
2,739
2,664
2,593
2,562
2,562
2015
641
856
1,127
1,125
1,128
1,271
1,273
2016
1,054
1,732
1,772
1,873
1,862
1,67... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
395
568
2020
97
460
2021
156
18,817
All outstanding liabilities before 2012, net of reinsurance
85
Liabilities for losses, claims and loss adjustment expenses, net of reinsurance
3,391
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
basis, and believes this provides more meaningful information than using
claimant count which can change over the course of settling a claim.
In general, when a claim is reported, claims ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
also considered in determining IBNR reserves and include such factors as judicial decisions, general economic trends such as inflation, changes in policy forms, and underwriting changes. Reserves ar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Year
3rd Year
4th Year
5th Year
6th Year
7th Year
8th Year
9th Year
10th Year
Medicare Supplement
82.4
16.8
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Automobile Liability
28.6
30.3
17.5... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.0
0.0
0.0
General Liability
21.8
22.3
23.1
16.3
8.0
6.3
1.1
2.4
1.1
5.1
Surety
45.7
35.2
10.2
3.3
2.4
0.8
0.1
0.2
0.1
1.0
The reconciliation of the net incurred and paid cla... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Damage
2,448
General Liability
3,280
Surety
3,391
Other short-duration insurance lines
1,598
Liabilities for unpaid losses, claims and loss adjustment expenses, net of reinsurance
65,773
R... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by the Company are
reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately
The... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Net premiums earned
184,216
183,539
Provision for benefits and losses incurred
190,591
175,825
Reinsurance loss recoveries
(58,897
(55,949
Insurance benefits and losses incurred
131,694
11... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
receivables
27,416
29,086
Note 7.
Income Taxes
Total income taxes were allocated as follows:
2021
2020
Total tax expense on income
1,021
3,334
Tax expense on components of shareholders’ e... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
12
Meals and entertainment
32
20
Vested stock and club dues
(28
36
Parking disallowance
16
16
Adjustment for prior years’ estimates to actual
(85
18
Income tax expense
1,021
3,334
Eff... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
meals and entertainment and vested stock and club dues. Another contributing factor was the
dividends-received deduction (“DRD”). The current estimated DRD is adjusted as underlying fac... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Deferred tax assets and liabilities at December 31, 2021 and 2020 were comprised of the following:
2021
2020
Deferred tax assets:
Deferred acquisition costs
7,026
4,666
Insurance reserves
2... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1,301)
The components of income tax expense were:
2021
2020
Current – Federal
2,133
5,584
Deferred – Federal
(1,112
(2,250
Total
1,021
3,334
ATLANTIC AMERICAN CORP has formal tax-sharing... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
models, as well as evaluating legacy contracts for any changes that may be required, including the determination of applicable fallbacks.
Bank
Debt
On May 12, 2021, the Company entered... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
certain covenants, including a debt to capital ratio that restricts the Company from incurring consolidated indebtedness
that exceeds 35% of the Company’s consolidated capitalization a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
revolving commitments. As of December 31 2021, the Company does not have any outstanding
borrowings under the Credit Agreement.
Junior Subordinated Debentures
ATLANTIC AMERICAN CORP... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
696
Net balance December 31, 2020
18,042
15,696
Coupon rate
LIBOR + 4.00%
LIBOR
+ 4.10%
Interest payable
Quarterly
Quarterly
Maturity date
December 4, 2032
May 15, 2033
R... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.10%
Distribution payable
Quarterly
Quarterly
Distribution guaranteed by(4)
Atlantic American Corporation
Atlantic American Corporation
(1)
For each of the respective debentures, the Company ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ATLANTIC AMERICAN CORP has the right at any time to dissolve each of the trusts and cause the Junior
Subordinated Debentures to be distributed to the holders of the Trust Preferred... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or liquidation.
Note 9.
Leases
ATLANTIC AMERICAN CORP has
These leases are accounted for as operating leases, whereby lease expense is recognized on a straight-line basis over the term of the l... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rate
6.8
6.8
Weighted average remaining lease term in years
4.9 years
5.9 years
46
Table of Contents
The following table presents maturities and present value of the Company’s lease liabilit... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
10.
Benefit Plans
Equity Incentive Plan
On May 1, 2012, the Company’s shareholders approved the 2012 Equity Incentive Plan (the “2012 Plan”). The 2012 Plan authorizes the grant of up to
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the “Plan”) qualified under Section 401(k) of the Internal Revenue Code in May 1995. The Plan
covers substantially all of the Company’s employees. Effective January 1, 2009, the Company mod... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the Company is made by either deduction from an agent’s commission payment or a direct cash payment. Stock purchases are made at the end of each calendar quarter at the then current market value.... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends
4,281
20,402
Less preferred stock dividends
(399
Net income applicable to common shareholders
3... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Net income applicable to common shareholders
12,169
21,819
0.56
The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ized over the estimated life of the policies under GAAP; (iii) the provision that is made for deferred income taxes is different than under GAAP; (iv) the
timing of establishing certain res... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Statutory net income
7,324
16,287
Bankers Fidelity, surplus
38,625
42,326
American Southern, surplus
52,724
50,194
Statutory surplus
91,349
92,520
Under the insurance code of the state in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2021,
ATLANTIC AMERICAN CORP leases approximately
Certain financing for the Company has also been provided by this entity in the form of an investment in the Series D Preferred Stock (See Note
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is evaluated based on its individual performance.
American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
461
(23,151
Amortization and depreciation expense
10,756
13,692
537
24,985
Other expenses
20,077
33,484
16,255
(9,092
60,724
Total expenses
64,576
121,976
16,792
(9,092
194,252
Und... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(1,495
Net realized gains
2,198
2,705
4,903
Unrealized gains on equity securities
114
1,550
230
1,894
Income (loss) before income taxes
9,292
3,726
(7,716
5,302
Total revenues
73,868
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
idelity
Corporate
& Other
Adjustments
& Eliminations
Consolidated
Insurance premiums, net
62,372
121,167
183,539
Insurance benefits and losses incurred
39,339
80,537
119,876
Expenses defe... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Net investment income (loss)
3,586
4,971
1,174
(1,987
7,744
Other income (loss)
37
11
6,773
(6,745
76
Operating income (loss)
7,252
11,435
(7,173
11,514
Net realized gains
3,389
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,348
Intangibles
1,350
1,194
2,544
Total assets
158,808
236,197
183,178
(172,996
405,187
Note 16.
Commitments and Contingencies
Litigation
From time to time, the Company is, and expects... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
typically delegate regulatory, supervisory, and administrative powers to state insurance commissioners. From time to time, and in the ordinary course of business, the Company receives notices and in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
agreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A.
Controls and Procedures
As of the end of the period covered by this report, an evaluation was performed under the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Company. ATLANTIC AMERICAN CORP’s internal control over financial reporting
system has been designed to provide reasonable assurance regarding the reliability and the preparation of financia... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
internal control over financial reporting as of December 31, 2021 based upon the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in the upda... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
public accounting firm regarding internal control over financial reporting. Management’s report was
not subject to attestation by the Company’s independent registered public accounting firm ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
all information required by Part III (Items 10, 11, 12, 13 and 14 of Form 10-K) is incorporated by
reference to the sections entitled “Election of Directors,” “Security Ownership of Certain ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Equity Compensation Plan Information
The following table sets forth, as of December 31, 2021, the number of securities issuable upon exercise of outstanding options, warrants and rights, the weighte... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
200
Equity compensation plans not approved by security holders(1)
Total
935,200
(1)
All the Company’s equity compensation plans have been approved by the Company’s shareholders.
Code of Busines... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Statements:
See Index to Financial Statements contained in Item 8 hereof.
2.
Financial Statement Schedules:
Schedule II - Condensed financial information of the registrant
Schedule III - Supple... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to Exhibit 3.1 to the registrant’s Form 10-K for the year ended December 31, 2008].
3.2
Restated Bylaws of the registrant, as amended [incorporated by reference to Exhibit 3.1 to the registrant’s ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Insurance Company and Bankers Fidelity Life Insurance Company [incorporated by reference to Exhibit 10.41 to the
registrant’s Form 10-Q for the quarter ended September 30, 1993].
10... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on August 10, 2012].
10.04**
Atlantic American Corporation 2012 Equity Incentive Plan [incorporated by reference to Exhibit 10.1 to the registrant’s Form 10-Q for the quarter ended March 31, 2013]... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, between Georgia Casualty & Surety Company, Bankers Fidelity Life Insurance Company, Atlantic American Corporation and Delta Life Insurance
Company [incorporated by reference to Exhi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by and between Atlantic American Corporation and Truist Bank [incorporated by reference to Exhibit 10.1 to the registrant’s Form 8-K filed with the SEC on
May 13, 2021].
14.1
Code ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
53
Table of Contents
31.2
Certification of the Principal Financial Officer pursuant t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Taxonomy Extension Definition Linkbase.
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase.
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase.
104
Cover Page Interactive Data Fil... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
S
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
President, Chief Executive Officer and Chairman of the Board
(Principal Executive Officer)
March 25, 2022
HILTON H. HOWELL, JR.
/s/ J. Ross Franklin
Vice President and Chief Financial Officer
(Pr... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Director
March 25, 2022
SCOTT G. THOMPSON
/s/ D. Keehln Wheeler
Director
March 25, 2022
D. KEEHLN WHEELER
55
Table of Contents
Schedule II
Page 1 of 3
CONDENSED FINANCIAL INFORMATION OF ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1,238
1,238
Deferred tax asset, net
1,237
Income taxes receivable from subsidiaries
2,171
1,683
Other assets
5,791
4,311
Total assets
179,439
184,916
LIABILITIES AND SHAREHOLDERS’ EQUITY... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Table of Contents
Schedule II
Page 2 of 3
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
ATLANTIC AMERICAN CORPORATION
(Parent Company Only)
STATEMENTS OF OPERATIONS
Year Ended December 31,
20... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,610
722
(3,461
INCOME TAX BENEFIT(1)
(2,840
(3,623
3,562
162
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET
719
12,007
NET INCOME
4,281
12,169
(1)
Under the terms of a tax-shar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
ATLANTIC AMERICAN CORPORATION
(Parent Company Only)
STATEMENTS OF CASH FLOWS
Year Ended December 31,
2021
2020
(In thousands)
CASH FLOWS FROM O... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(489
622
Deferred income tax benefit
(1,058
(2,446
Increase in accounts payable and accrued expenses
63
121
Other, net
(1,966
917
Net cash provided by operating activities
631
598
CAS... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
91
Net cash used in financing activities
(954
(481
Net (decrease) increase in cash
(372
22
Cash and cash equivalents at beginning of year
2,090
2,068
Cash and cash equivalents at end of yea... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
INFORMATION
Segment
Deferred
Acquisition
Costs
Future Policy
Benefits,
Losses,
Claims and
Loss
Reserves
Unearned
Premiums
Other Policy
Claims and
Benefits
Payable
(In thousands)
December... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,611
170,019
(2)
27,131
1,526
(1)
Includes future policy benefits of $87,348
and losses and claims of $85,620.
(2)
Includes future policy benefits of $90,872
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Operating
Expenses
Casualty
Premiums
Written
(In thousands)
December 31, 2021:
Bankers Fidelity
116,234
5,204
87,261
13,465
21,250
American Southern
67,982
3,570
44,433
10,599
9,544
6... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
39,339
9,590
9,814
64,366
Corporate & other
(813
6,388
183,539
7,744
119,876
19,393
40,576
64,366
See accompanying report of independent registered public accounting firm.
60
Table of ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
406,993
Premiums —
Bankers Fidelity
183,382
(67,155
116,234
0.0
American Southern
52,424
(6,511
22,069
67,982
32.5
Total premiums
235,806
(73,666
22,076
184,216
12.0
Year ended Dec... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
238,209
(77,814
23,144
183,539
12.6
See accompanying report of independent registered public accounting firm.
61
Table of Contents
Schedule VI
ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIE... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
enses
Premiums
Written
(In thousands)
December 31, 2021
2,390
57,256
23,780
67,982
3,570
48,678
(4,245
10,599
40,370
69,403
December 31, 2020
2,299
54,883
22,932
62,372
3,586
39,8... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period end... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding
12 months (or for such shorter period that the r... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provid... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022 and December 31, 2021
Condensed Consolidated Statements of Operations for the three months and nine months ended September 30, 2022 and 2021
Condensed Consolidated Statements of Comprehensive... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and Procedures
26
Part II.
Other Information
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
27
Item 6.
Exhibits
27
Signatures
28
Table of Contents
FORWARD-LOOKING
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
differ materially from the results expressed in or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A. “Ri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
may be required by law.
Table of Contents
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
ATLANTIC AMERICAN CORPORATION
CONDENSED CONSOLIDATED
BALANCE SHEETS
(In thousands, except s... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,544
Total assets
360,349
402,286
LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance reserves and policyholder funds:
Future policy benefits
85,089
87,348
Unearned premiums
31,801
27,469
Loss... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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
Commo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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
The accompanyin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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
5,4... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
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 expen... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
(0.04
(0.05
0.01
0.06
The accompanying notes are an integral part of these condensed consolidated financial statements.
Table of Contents
ATLANTIC AMERICAN CORPORATION
CONDENSED CONSOLIDATE... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
088
Related income tax effect
2,727
269
11,455
1,488
Subtotal
(10,260
(1,012
(43,093
(5,600
Less: reclassification adjustment for net realized gains included in net income (loss)
(101
(3... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
are an integral part of these condensed consolidated financial statements.
Table of Contents
ATLANTIC AMERICAN CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF
SHAREHOLDERS’ EQUITY
(Una... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,401
Additional paid-in capital:
Balance, beginning of period
57,443
57,439
57,441
57,437
Restricted stock grants, net of forfeitures
Issuance of shares under stock plans
Balance, end of per... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.