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Last $4.03 USD
Change Today 0.00 / 0.00%
Volume 7.4K
AAME On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:20 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

atlantic american corp (AAME) Snapshot

Open
$4.05
Previous Close
$4.03
Day High
$4.05
Day Low
$4.02
52 Week High
08/5/14 - $4.36
52 Week Low
05/8/14 - $3.21
Market Cap
82.9M
Average Volume 10 Days
3.2K
EPS TTM
$0.13
Shares Outstanding
20.6M
EX-Date
04/9/15
P/E TM
31.0x
Dividend
$0.02
Dividend Yield
0.99%
Current Stock Chart for ATLANTIC AMERICAN CORP (AAME)

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atlantic american corp (AAME) Details

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. Its property and casualty insurance products include business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and personal property, inland marine, and general liability products. The company also offers surety bond coverage for school bus transportation and subdivision construction, as well as performance and payment bonds. In addition, it provides life and supplemental health products, including ordinary and term life insurance, Medicare supplement, and other accident and health insurance products. The company markets its policies through independent agents. Atlantic American Corporation was founded in 1968 and is headquartered in Atlanta, Georgia.

139 Employees
Last Reported Date: 03/27/15
Founded in 1968

atlantic american corp (AAME) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $950.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $725.0K
Compensation as of Fiscal Year 2013.

atlantic american corp (AAME) Key Developments

Atlantic American Corp. Reports Un-Audited Earning Results for the Fourth Quarter and Year Ended December 31, 2014

Atlantic American Corp. reported un-audited earning results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $40.9 million compared to $40.8 million, operating income of $1.2 million compared to $1.1 million, income before income taxes of $1.3 million compared to $1.4 million and net income of $1.3 million or $0.06 per diluted common share compared to $1.5 million or $0.06 per diluted common share for the last year. For the year, the company reported total revenue of $166.3 million compared to $165.4 million, operating income of $2.6 million compared to $2.5 million, income before income taxes of $4.9 million compared to $11.2 million and net income of $4.4 million or $0.19 per diluted common share compared to $11.0 million or $0.48 per diluted common share for the last year. The decrease in net income was primarily attributable to the decline in realized investment gains of $7.2 million.

Atlantic American Corp. Elects Joseph M. Scheerer to the Board of Directors

Atlantic American Corp. announced that Joseph M. Scheerer had been elected to the Company's Board of Directors effective December 8, 2014. Mr. Scheerer is the Principal and Managing Director of Stonybrook Capital based in New York. Mr. Scheerer has been responsible for numerous investment advisory assignments in the insurance industry including corporate restructurings, debt/equity/mezzanine capital raises and mergers/acquisitions.

Atlantic American Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Atlantic American Corp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $1.5 million, or $0.06 per diluted share compared to net income of $2.7 million, or $0.12 per diluted share, for the three month period ended September 30, 2013. Operating income (income before income taxes and realized investment and other gains, net) for the three month period ended September 30, 2014 was a loss of $11,000, as compared to $406,000 of operating income for the three month period ended September 30, 2013. Total revenues for the three month period ended September 30, 2014 were $42.7 million, decreasing 1.4% from $43.2 million for the three month period ended September 30, 2013. Income before income taxes was $1.587 million against $2.689 million a year ago. For the nine month period ended September 30, 2014, net income was $3.1 million, or $0.13 per diluted share, compared to net income of $9.6 million, or $0.42 per diluted share, for the comparable period in 2013. For the nine month period ended September 30, 2014, operating income was $1.4 million, or 2.0% higher than the $1.3 million of operating income for the comparable nine month period of 2013. For the nine month period ended September 30, 2014, total revenues were $125.4 million, increasing slightly from the comparable 2013 period revenues of $124.5 million. Income before income taxes was $3.566 million against $9.763 million a year ago.

 

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Industry Analysis

AAME

Industry Average

Valuation AAME Industry Range
Price/Earnings 21.2x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 18.7x
TEV/Sales 0.2x
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