Atlantic American reports Q3 net loss of $0.9M vs prior-year net income of $1.9M

ATLANTIC AMERICAN CORP

2021-Q3 EPS reported $0.06 revenue$149,822,000

Q3 2021 net loss $0.9M ($0.05/sh) vs net income $1.9M ($0.09/sh) in Q3 2020.
Operating loss (non-GAAP) $2.4M in Q3 2021 vs $3.0M operating income in Q3 2020.
Insurance benefits and losses increased $5.8M in Q3, driven by Medicare supplement claims returning to historical levels.
Property & casualty premiums reached historic high for Q3; strategic pricing adjustments expected to improve Medicare supplement margins.
Nine-month net income $1.6M ($0.06/sh) vs $0.3M (nil/sh) in prior year period.

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