Sign in

AAME on Nasdaq

ATLANTIC AMERICAN CORP

ATLANTIC AMERICAN CORP is an American life insurance company, incorporated in Georgia.1 It is headquartered in Atlanta, Georgia.1 Its shares trade on Nasdaq under the symbol AAME.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with CITIZENS, INC., UTG INC or Voya Financial, or pick any stock.

  • TickerAAME on Nasdaq1
  • IndustryLife Insurance1
  • HeadquartersAtlanta, Georgia1
  • Incorporated inGA2
  • Business address4370 Peachtree Rd Ne, Atlanta, Ga 303192
  • Filer categoryNon-accelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

American Southern comprises the Company’s property and casualty operations and its primary product lines are as follows:3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-2.6%Operating margin4
-2.3%Net margin4
0.8%Revenue growth, 20244
-4.3%Return on equity4
$4.6MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs98¢$183.8M
  • Interest2¢$3.4M
  • Income tax1¢$996.0K

Out of $188.2M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending5¢$225.0K
  • Dividends paid8¢$408.0K
  • Kept or used elsewhere87¢$4.2M

Out of $4.8M of cash from operations.4

Financial statements

Revenue567894$188.2M in 2024+1% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $185.6M$185.6M20182019: $198.2M$198.2M2019+7%2020: $195.3M$195.3M2020−1%2021: $199.6M$199.6M2021+2%2022: $187.9M$187.9M2022−6%2023: $186.8M$186.8M2023−1%2024: $188.2M$188.2M2024+1%
Operating income567894-$5.0M in 2024+26% since 2018
-$10.0M-$5.0M0$5.0M$10.0M$15.0M2018: -$3.9M-$3.9M20182019: -$7.5M-$7.5M2019+91%2020: $11.5M$11.5M20202021: -$1.5M-$1.5M20212022: $9.6M$9.6M20222023: $1.5M$1.5M2023−84%2024: -$5.0M-$5.0M2024
Net income567894-$4.3M in 2024+506% since 2018
-$5.0M0$5.0M$10.0M$15.0M2018: -$704.0K-$704.0K20182019: -$386.0K-$386.0K2019−45%2020: $12.2M$12.2M20202021: $4.3M$4.3M2021−65%2022: $1.5M$1.5M2022−64%2023: -$171.0K-$171.0K20232024: -$4.3M-$4.3M2024+2396%
Fiscal year2018201920202021202220232024
Revenue$185.6M5$198.2M6$195.3M7$199.6M8$187.9M9$186.8M4$188.2M4
Operating income-$3.9M5-$7.5M6$11.5M7-$1.5M8$9.6M9$1.5M4-$5.0M4
Interest$2.0M5$2.1M6$1.6M7$1.4M8$2.0M9$3.3M4$3.4M4
Income before tax$5.3M8$2.1M9-$565.0K4-$5.3M4
Income tax-$267.0K5-$21.0K6$3.3M7$1.0M8$571.0K9-$394.0K4-$996.0K4
Net income-$704.0K5-$386.0K6$12.2M7$4.3M8$1.5M9-$171.0K4-$4.3M4
Earnings per share-$0.046$0.587$0.198$0.069-$0.034-$0.234
Earnings per share (diluted)-$0.046$0.567$0.198$0.069-$0.034-$0.234
Shares (weighted, basic)20.4M shares820.4M shares920.4M shares420.4M shares4
Shares (weighted, diluted)20.4M shares820.4M shares920.4M shares420.4M shares4

Compare ATLANTIC AMERICAN CORP with another company

What it owns

What ATLANTIC AMERICAN CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$5.2M4 Dec 31, 2024$2.6M4 Dec 31, 2023+99.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.6M4 Dec 31, 2024$28.3M4 Dec 31, 2023+25.7%
Debt securities available for sale$212.6M4 Dec 31, 2024$218.2M4 Dec 31, 2023−2.6%
Equity securities at fair value$9.4M9 Dec 31, 2023$11.6M9 Dec 31, 2022−18.6%
Stakes in other companies (equity method)$1.2M4 Dec 31, 2024$1.2M4 Dec 31, 20230%

Properties, in its own words

Leased Properties. The Company leases space for its principal offices and for some of its insurance operations in an office building located in Atlanta, Georgia under a lease which continues until either party provides written notice of cancellation at least twelve months in advance of the actual termination date (“Lease Agreement”). The lease, which commenced on November 1, 2007, provides for rent adjustments on every fifth anniversary of the commencement date. Under the current terms of the lease, the Company occupies approximately 49,586 square feet of office space. The owner of the building, 4370 Peachtree LLC, is controlled by an affiliate of the Company.

On December 26, 2024, the Company, and its subsidiary, Bankers Fidelity Life Insurance Company, entered into a Second Amendment to Lease Agreement (the “Second Amendment”) with 4370 Peachtree LLC. The Second Amendment amends the Lease Agreement, dated November 1, 2007, by and among the same parties (as previously amended, the “Lease Agreement”), pursuant to which the Company leases space for its principal offices and for some of its insurance operations in an office building located in Atlanta, Georgia. Pursuant to the Second Amendment, the Lease Agreement was modified to increase the base rent payable by the Company, beginning January 1, 2025. The Second Amendment also provides for rent adjustment on January 1, 2027, January 1, 2030 and each five years thereafter.

The rest of Item 2

American Southern leases space for its office in a building located in Atlanta, Georgia. The lease term expires September 30, 2026. Under the terms of the lease, American Southern occupies approximately 17,014 square feet.

The Company believes that its current properties are in good condition and are sufficient for the operations of its business.

Item 2 of the 10-K filed Mar 25, 2025.3

Leadership

Who has led ATLANTIC AMERICAN CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hilton H. Howell Jr.2006–2023

Chair

  1. J. Mack Robinson2006–2009
  2. Hilton H. Howell Jr.2010–2023

President

  1. Hilton H. Howell Jr.2006–2023

Chief financial officer

  1. John G. Sample Jr.2006–2016
  2. Jeffrey Ross Franklin2017–2022
2010201520202025
Board members and other officers (14)

Timeline

  1. Aug 26, 20268-K Listing notice or transfer31
  2. Aug 5, 20268-K Entered a material agreement32
  3. Jul 15, 20268-K Other events33
  4. Jun 2, 20268-K Entered a material agreement34
  5. May 22, 20268-K Listing notice or transfer35
  6. May 5, 20268-K Executive or director change36
  7. Apr 21, 20268-K Listing notice or transfer37
  8. Nov 14, 20258-K Results of operations38
  9. Aug 12, 20258-K Results of operations39
  10. May 15, 20258-K Shareholder vote40
  11. May 13, 20258-K Results of operations41
  12. Mar 25, 20258-K Results of operations42
  13. Feb 10, 2006New chief executive Hilton H. Howell Jr. becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202643

When it reported results

  1. Nov 14, 2025Reported quarterly or annual results38
  2. Aug 12, 2025Reported quarterly or annual results39
  3. May 13, 2025Reported quarterly or annual results41
  4. Mar 25, 2025Reported quarterly or annual results42
  5. Nov 12, 2024Reported quarterly or annual results44
  6. Aug 14, 2024Reported quarterly or annual results45
  7. May 14, 2024Reported quarterly or annual results46
  8. Apr 1, 2024Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

77 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 32 major events, 12 insider forms, 16 other. The latest 20:

  1. Aug 26, 20268-K EDGAR
  2. Aug 17, 2026NT 10-Q EDGAR
  3. Aug 5, 20268-K EDGAR
  4. Jul 15, 20268-K EDGAR
  5. Jun 25, 202611-K EDGAR
  6. Jun 2, 20268-K EDGAR
  7. May 22, 20268-K EDGAR
  8. May 18, 2026NT 10-Q EDGAR
  9. May 5, 20268-K EDGAR
  10. Apr 21, 20268-K EDGAR
  11. Apr 1, 2026NT 10-K EDGAR
  12. Nov 14, 202510-Q EDGAR
  13. Nov 14, 20258-K EDGAR
  14. Aug 12, 202510-Q EDGAR
  15. Aug 12, 20258-K EDGAR
  16. Jun 25, 202511-K EDGAR
  17. May 15, 20258-K EDGAR
  18. May 13, 202510-Q EDGAR
  19. May 13, 20258-K EDGAR
  20. Mar 25, 2025DEFA14A EDGAR

The 77 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 30, 2022ROBINSON HARRIETT J10% ownerBuy300,000$3.00$900.0KForm 4
Dec 30, 2022ROBINSON HARRIETT J10% ownerSale300,000$3.00$900.0KForm 4
Mar 31, 2022ROBINSON HARRIETT J10% ownerBuy1,363,809$4.00$5.5MForm 4
Mar 31, 2022ROBINSON HARRIETT J10% ownerSale1,363,809$4.00$5.5MForm 4

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Hilton H. Howell, JrChairman of the Board, President and CEO62$594.8K$1.6M48
2024J. Ross FranklinVice President, CFO and Secretary$419.4K$832.8K48
2023Hilton H. Howell, JrChairman of the Board, President and CEO62$565.6K$1.5M48
2023J. Ross FranklinVice President, CFO and Secretary$382.6K$794.3K48

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP331,411$553.5K0.0%No change
Bridgeway Capital Management, LLC160,716$268.4K0.0%−8,391
BlackRock, Inc.107,440$179.4K0.0%−141
Biglari, Sardar105,861$176.8K0.3%No change
Vanguard Capital Management LLC60,825$101.6K0.0%No change
Renaissance Technologies LLC51,800$86.5K0.0%+4,900
Geode Capital Management, LLC44,000$73.5K0.0%+8,595
Foster Victor Wealth Advisors, LLC44,000$71.7K0.0%No change
Vanguard Fiduciary Trust Co27,716$46.3K0.0%No change
Northern Trust Corp26,531$44.3K0.0%+235
Teton Advisors, LLC19,000$31.7K0.0%No change
Focus Partners Wealth18,335$30.6K0.0%New
Investors Asset Management Of Georgia Inc /ga/ /adv17,000$28.4K0.0%−1,000
HB Wealth Management, LLC10,000$16.7K0.0%No change
Vanguard Global Advisers, LLC6,588$11.0K0.0%No change
Tower Research Capital LLC (TRC)787$1.3K0.0%+40
Osaic Holdings, Inc.295$4920.0%No change
UBS Group AG182$3040.0%−151
SBI Securities Co., Ltd.14$230.0%No change
Morgan Stanley1$30.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How ATLANTIC AMERICAN CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARATLANTIC AMERICAN CORP1
  • CIK0000008177
  • Employer ID (EIN)58-10271143
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inGeorgia3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6311 Life Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address4370 Peachtree Rd Ne, Atlanta, GA 303191
  • Mailing address4370 Peachtree Road, Atlanta, GA 303191
  • Phone40426655001
  • Shares outstanding20,397,228 as of Oct 31, 202512
  • Public float$6.9M as of Jun 30, 20243
  • AuditorForvis Mazars, LLP, Atlanta, Georgia PCAOB ID 686; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 13, 19951
  • Filings898 in all: 4 (406), 8-K (161), 10-Q (91), 5 (91), 11-K (31), DEF 14A (30), 10-K (28), 3 (12)1
    All 24 form types

    CORRESP (9), UPLOAD (7), S-8 (6), ARS (4), 4/A (3), 8-K/A (3), NT 10-Q (3), 10-K405 (2), NT 10-K (2), NT 11-K (2), SC 13G (2), 10-K/A (1), 10-Q/A (1), 11-K/A (1), DEFA14A (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2025
    Quarterly report (10-Q) Nov 14, 2025
    Proxy statement (DEF 14A) Mar 25, 2025
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1.00 per shareAAMENASDAQ

From the cover page of the 10-K filed Mar 25, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

Legal proceedings

From time to time, the Company and its subsidiaries are, and expect to continue to be, involved in various claims and lawsuits arising in the ordinary course of business, both as a liability insurer defending third-party claims brought against insureds and as an insurer defending coverage claims brought against it, and in various regulatory proceedings in the states in which we do business. The Company accounts for such exposures through the establishment of loss and loss adjustment expense reserves and accrued expenses. We currently do not expect that the ultimate liability, if any, with respect to such ordinary-course claims litigation or regulatory proceedings, after consideration of provisions made for probable losses and costs of defense, will be material to the Company’s consolidated financial condition, although the results of such matters could be material to the consolidated results of operations for any given period.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
    SEC EDGAROther events
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48