Atlantic American Corporation (AAME) financial statements (2021 and earlier)

Company profile

Business Address 4370 PEACHTREE RD NE
ATLANTA, GA 30319
State of Incorp. GA
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38363325131616
Cash and cash equivalents19131325131616
Short-term investments192321    
Total current assets:38363325131616
Noncurrent Assets
Operating lease, right-of-use asset55
Long-term investments and receivables11111  
Long-term investments11111  
Intangible assets, net (including goodwill), including:3333333
Other undisclosed intangible assets, net (including goodwill)3333333
Total noncurrent assets:9944433
Other undisclosed assets359333307315302296298
TOTAL ASSETS:405378344343319315317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities260259243230213212213
Total liabilities:260259243230213212213
Stockholders' equity
Stockholders' equity attributable to parent145118101113106102104
Preferred stock0000000
Common stock22222222222222
Treasury stock, value(7)(8)(8)(7)(7)(6)(5)
Additional paid in capital57585757575756
Deferred compensation equity(0)(1)(0)(1)(0)(0)(0)
Accumulated other comprehensive income (loss)2510(8)10659
Retained earnings48363731272522
Total stockholders' equity:145118101113106102104
TOTAL LIABILITIES AND EQUITY:405378344343319315317

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues195198186181166166166
Premiums earned, net184182173
Financial services revenue163153151153
Cost of revenue(139)(157)(150)(128)(115)(112)(118)
Policyholder benefits and claims incurred, net(120)(139)(133)
Financial services costs(118)(103)(101)(106)
Gross profit:56423553515449
Operating expenses(82)(80)(77)(74)(74)(72)(67)
Other operating expense, net
(Other Expenses)
(12)(12)(13)(13)(13)(14)(13)
Other undisclosed operating income49425131373234
Operating income (loss):12(7)(4)(4)113
Nonoperating income (expense)
(Investment Income, Nonoperating)
(0)(0)    10
Interest and debt expense(2)(2)(2)(2)(2)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:10(10)(6)(6)(1)(1)12
Other undisclosed income (loss) from continuing operations before income taxes6951146(7)
Income (loss) from continuing operations before income taxes:16(0)(1)5465
Income tax expense (benefit)(3)00(1)(1)(1)(0)
Net income (loss) attributable to parent:12(0)(1)5344
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:12(1)(1)4244
Other undisclosed net income available to common stockholders, diluted0      
Net income (loss) available to common stockholders, diluted:12(1)(1)4244

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):12(0)(1)5344
Other comprehensive income  2    
Comprehensive income (loss):12(0)15344
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1518(11)41(5)3
Comprehensive income (loss), net of tax, attributable to parent:2718(10)84(0)8

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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