Bankers Fidelity Upgraded by A.M. Best Company
ATLANTA, Oct. 17, 2012 (GLOBE NEWSWIRE) -- Atlantic American Corporation
(Nasdaq:AAME) today announced that its life and health subsidiary, Bankers
Fidelity Life Insurance Company ("Bankers"), had received a financial strength
rating upgrade from A.M. Best to A- (Excellent). The outlook for the current
rating is stable.Previously Bankers had been rated B++ (Good).Separately, at
the same time A.M. Best affirmed their A (Excellent) rating for American
Southern Insurance Company, the Company's property and casualty
subsidiary.The outlook for that rating is also stable.
Commenting on the rating results, Hilton H. Howell, Chairman, President and
Chief Executive Officer of Atlantic American stated, "We are extremely pleased
with the ratings actions of A.M. Best.They reflect the hard work and success
of all our agents and employees over an extended period of time.It has been a
number of years since all of the Atlantic American insurance subsidiaries have
had "A ratings."Such achievement does not come easily and we are committed to
growing our companies while retaining the discipline to maintain such
Atlantic American is an insurance holding company involved through its
subsidiary companies in specialty markets of the life, health, and property
and casualty insurance industries.Its principal subsidiaries consist of
American Southern Insurance Company, American Safety Insurance Company, and
Bankers Fidelity Life Insurance Company.
Note regarding Private Securities Litigation Reform Act: Except for historical
information contained herein, this press release may contain forward-looking
statements that involve a number of risks and uncertainties.Actual results
could differ materially from those indicated by such forward-looking
statements due to a number of factors and risks detailed from time to time in
statements and reports that Atlantic American Corporation files with the
Securities and Exchange Commission.
CONTACT: Hilton H. Howell, Jr.
Chairman, President & CEO
Atlantic American Corporation
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