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AAME Atlantic American News Story

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Insurance holding firm Atlantic American's Q3 net income at $0.6 mln, reversing loss

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

MetricBeat/MissActualConsensus 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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