Atlantic American Q2 net loss of $1.7M; operating income rises $3.1M YoY

ATLANTIC AMERICAN CORP

2022-Q2 EPS reported $0.05 revenue$96,277,000

Q2 net loss $1.7M ($0.09 diluted share) vs net income $3.0M ($0.14) in Q2 2021.
Operating income increased $3.1M in Q2 and $6.1M in H1 2022 on favorable life/health loss experience.
Property and casualty premiums grew $3.1M (9.5%) to a record level in H1 2022.
H1 net income $1.2M ($0.05) vs $2.5M ($0.11) in prior year, with decrease due to unrealized securities losses.
CEO notes meaningful profit improvement from strategic rate adjustments in Medicare supplement business.

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