Overview
Atlantic American Q3 net income at $0.6 mln, reversing a loss from last year
Company's Q3 operating income increased by $2.3 mln year-over-year
Premium revenue growth in property & casualty and life & health segments
Outlook
Atlantic American did not provide specific financial guidance for future quarters
Result Drivers
PREMIUM REVENUE - Increases in premium revenue in automobile liability, inland marine, and automobile physical damage lines drove results
MEDICARE SUPPLEMENT - Growth in Medicare supplement and group accident and health lines contributed to results
UNREALIZED GAINS - Increase in unrealized gains on equity securities supported net income growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$53.76 mln
Q3 Net Income
$577,000
Q3 Adjusted Operating Income
$1.62 mln
Q3 Cash & Investments
$289.51 mln
Q3 Pretax Profit
$769,000
Press Release: ID:nGNX2hHgn5
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)