Atlantic American Corporation (AAME) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36332513161633
Cash and cash equivalents13132513161633
Short-term investments2321     
Total current assets:36332513161633
Noncurrent Assets
Operating lease, right-of-use asset5
Long-term investments and receivables1111   
Long-term investments1111   
Intangible assets, net (including goodwill), including:3333333
Other undisclosed intangible assets, net (including goodwill)3333333
Total noncurrent assets:9444333
Other undisclosed assets333307315302296298284
TOTAL ASSETS:378344343319315317319
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities259243230213212213218
Total liabilities:259243230213212213218
Stockholders' equity
Stockholders' equity attributable to parent118101113106102104101
Preferred stock0000000
Common stock22222222222222
Treasury stock, value(8)(8)(7)(7)(6)(5)(3)
Additional paid in capital58575757575657
Deferred compensation equity(1)(0)(1)(0)(0)(0)(0)
Accumulated other comprehensive income (loss)10(8)106596
Retained earnings36373127252219
Total stockholders' equity:118101113106102104101
TOTAL LIABILITIES AND EQUITY:378344343319315317319

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues198186181166166166165
Premiums earned, net182173
Financial services revenue163153151153146
Cost of revenue(157)(150)(128)(115)(112)(118)(100)
Policyholder benefits and claims incurred, net(139)(133)
Financial services costs(118)(103)(101)(106)(100)
Gross profit:42355351544965
Operating expenses(80)(77)(74)(74)(72)(67)(10)
Other operating income (expense), net
(Other Expenses)
(12)(13)(13)(13)(14)(13)11
Other undisclosed operating income (loss)425131373234(64)
Operating income (loss):(7)(4)(4)1132
Nonoperating income (expense)
(Investment Income, Nonoperating)
(0)    1010
Interest and debt expense(2)(2)(2)(2)(1)(1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(10)(6)(6)(1)(1)1211
Other undisclosed income (loss) from continuing operations before income taxes951146(7)0
Income (loss) from continuing operations before income taxes:(0)(1)546511
Income tax expense (benefit)00(1)(1)(1)(0)(0)
Net income (loss) attributable to parent:(0)(1)534411
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:(1)(1)424411
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:(1)(1)424411

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(0)(1)534411
Other comprehensive income 2     
Comprehensive income (loss):(0)1534411
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18(11)41(5)3(13)
Comprehensive income (loss), net of tax, attributable to parent:18(10)84(0)8(2)

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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