secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001140361-21-037381
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036121037381/0001140361-21-037381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036121037381/brhc10030436_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-037381

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