Atlantic American Corporation (AAME) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,87738,03535,81533,38824,54713,25215,622
Cash and cash equivalents24,75319,31912,89312,63024,54713,25215,622
Short-term investments19,12418,71622,92220,758   
Total current assets:43,87738,03535,81533,38824,54713,25215,622
Noncurrent Assets
Operating lease, right-of-use asset4,1434,8325,476
Long-term investments and receivables1,2381,2381,2381,2381,2381,238 
Long-term investments1,2381,2381,2381,2381,2381,238 
Intangible assets, net (including goodwill), including:2,5442,5442,5442,5442,5442,5442,544
Other undisclosed intangible assets, net (including goodwill)2,5442,5442,5442,5442,5442,5442,544
Total noncurrent assets:7,9258,6149,2583,7823,7823,7822,544
Other undisclosed assets350,484358,538332,553307,104314,910301,566296,437
TOTAL ASSETS:402,286405,187377,626344,274343,239318,600314,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities261,000260,127259,232242,902230,256213,094212,111
Total liabilities:261,000260,127259,232242,902230,256213,094212,111
Stockholders' equity
Stockholders' equity attributable to parent141,286145,060118,394101,372112,983105,506102,492
Preferred stock55555555555555
Common stock22,40122,40122,40122,40122,40122,40122,401
Treasury stock, value(7,490)(7,339)(7,580)(7,985)(7,133)(6,738)(6,341)
Additional paid in capital57,44157,43757,82057,41457,49557,11456,623
Deferred compensation equity(73)(284)(781)(186)(579)(428)(273)
Accumulated other comprehensive income (loss)17,68825,00010,459(7,535)9,7515,8304,584
Retained earnings51,26447,79036,02037,20830,99327,27225,443
Total stockholders' equity:141,286145,060118,394101,372112,983105,506102,492
TOTAL LIABILITIES AND EQUITY:402,286405,187377,626344,274343,239318,600314,603

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues199,554195,348198,179185,553181,114166,077165,937
Premiums earned, net184,216183,539181,925172,931
Financial services revenue163,327153,465150,892
Cost of revenue(155,758)(139,269)(156,513)(150,261)(128,145)(115,081)(111,684)
Policyholder benefits and claims incurred, net(131,694)(119,876)(139,225)(132,650)
Deferred policy acquisition costs, amortization expense(24,064)(19,393)(17,288)(17,611)(10,630)(11,884)(10,320)
Financial services costs(117,515)(103,197)(101,364)
Gross profit:43,79656,07941,66635,29252,96950,99654,253
Operating expenses(86,934)(81,563)(79,783)(77,362)(74,393)(74,212)(71,696)
Other operating expense, net
(Other Expenses)
(13,675)(11,548)(11,754)(12,795)(13,074)(12,997)(14,201)
Other undisclosed operating income55,31848,54642,37950,93430,68637,14232,495
Operating income (loss):(1,495)11,514(7,492)(3,931)(3,812)929851
Nonoperating expense
(Investment Income, Nonoperating)
(301)(255)(107)    
Interest and debt expense(1,387)(1,610)(2,130)(2,037)(1,723)(1,562)(1,429)
Income (loss) from continuing operations before equity method investments, income taxes:(3,183)9,649(9,729)(5,968)(5,535)(633)(578)
Other undisclosed income from continuing operations before income taxes8,4855,8549,3224,99710,8914,1576,286
Income (loss) from continuing operations before income taxes:5,30215,503(407)(971)5,3563,5245,708
Income tax expense (benefit)(1,021)(3,334)21267(828)(888)(1,320)
Net income (loss) attributable to parent:4,28112,169(386)(704)4,5282,6364,388
Preferred stock dividends and other adjustments(399)(399)(399)(399)(399)(399)(399)
Net income (loss) available to common stockholders, basic:3,88211,770(785)(1,103)4,1292,2373,989
Other undisclosed net income available to common stockholders, diluted 399     
Net income (loss) available to common stockholders, diluted:3,88212,169(785)(1,103)4,1292,2373,989

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4,28112,169(386)(704)4,5282,6364,388
Other comprehensive income   1,525   
Comprehensive income (loss):4,28112,169(386)8214,5282,6364,388
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7,312)14,54117,994(11,086)3,9211,246(4,695)
Comprehensive income (loss), net of tax, attributable to parent:(3,031)26,71017,608(10,265)8,4493,882(307)

Statements Sources

The financial statements are based on the Company's filings with 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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