Atlantic American Q4 net income $2.7M ($0.12 EPS), down from $11.8M; annual dividend $0.02

ATLANTIC AMERICAN CORP

Net income Q4 $2.7M ($0.12 diluted EPS) vs $11.8M ($0.54) in Q4 2020.
Full year net income $4.3M ($0.19) vs $12.2M ($0.56) in 2020.
Operating income Q4 $2.6M vs $3.6M; full year operating loss $1.5M vs income $11.5M.
Decrease due to $8.0M unrealized loss in equity securities and $11.8M increase in insurance benefits from COVID normalization.
Board declares annual dividend of $0.02 per share, payable April 27, 2022 to holders of record April 13, 2022.

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