The insurance holding company posted net income of $4.1 million
ATLANTA: Atlantic American Corporation (Nasdaq: AAME) reported net income of $3.3 million, or $0.15 per diluted share, for the second quarter ended June 30, 2025, reversing a net loss of $0.7 million, or $0.04 per diluted share, in the same period last year.
For the first half of 2025, the insurance holding company posted net income of $4.1 million, or $0.19 per diluted share, compared to a net loss of $2.7 million, or $0.14 per diluted share, in the prior-year period. The turnaround was driven by increased premium revenue and higher unrealized gains on equity securities.
Operating income rose $2.7 million in the second quarter and $5.4 million for the six-month period, fueled by growth in the inland marine line of business within property and casualty operations, as well as Medicare supplement and group accident and health lines within life and health operations.
“We are pleased to report exceptional financial results this quarter, marked by a significant increase in net income and continued improvement in operating income,” said Hilton H. Howell, Jr., chairman, president and CEO. “These results underscore the resilience of our business model, the effectiveness of our growth strategy and the benefits of our diversified product offerings.”
Atlantic American operates through subsidiaries including American Southern Insurance Company, Bankers Fidelity Life Insurance Company, and Atlantic Capital Life Assurance Company, serving specialty markets in life, health, and property and casualty insurance.