---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-032434"
form_type: "8-K"
ticker: "AAME"
cik: "0000008177"
company_name: "ATLANTIC AMERICAN CORP"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:29:45.599282+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Atlantic American reports Q4 2022 net income $1.0M, full year $1.5M; Q1 2023 net loss $1.4M; brings filings current

## Summary
- Q4 2022 net income of $1.0M ($0.05 diluted EPS) vs $2.7M ($0.12 EPS) a year ago.
- Full year 2022 net income $1.5M ($0.06 EPS) vs $4.3M ($0.19 EPS) in 2021; operating income rose to $9.6M from -$1.5M.
- Q1 2023 net loss of $1.4M (-$0.08 per share) vs net income of $2.8M ($0.13) in Q1 2022.
- Operating income (non-GAAP) was $0.6M in Q1 2023 vs $1.6M in Q1 2022, due to higher auto claims.
- Company now current on SEC filings after delaying annual/quarterly reports due to actuarial system conversion.

## SEC filing metadata
- accession: 0001140361-23-032434
- form_type: 8-K
- ticker: AAME
- cik: 0000008177
- company_name: ATLANTIC AMERICAN CORP
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/0001140361-23-032434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/brhc20055237_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-032434
- JSON: https://secwatch.observer/filing/0001140361-23-032434.json
- Plain text: https://secwatch.observer/filing/0001140361-23-032434.txt

## Key facts
- Earnings Releases
  ATLANTIC AMERICAN CORP reported first quarter of 2023 results: net income net loss of $1.4 million, EPS $0.08 per common share.
  - Period: first quarter of 2023
  - Net income: net loss of $1.4 million
  - EPS: $0.08 per common share
  - Result: reported results
  source text: The Company reported net loss of $1.4 million, or $0.08 per common share, in the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/0001140361-23-032434-index.htm
- Earnings Releases
  ATLANTIC AMERICAN CORP reported the year ended December 31, 2022 results: net income $1.5 million, EPS $0.06 per diluted share.
  - Period: the year ended December 31, 2022
  - Net income: $1.5 million
  - EPS: $0.06 per diluted share
  - Result: reported results
  source text: For the year ended December 31, 2022, the Company reported net income of $1.5 million, or $0.06 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/0001140361-23-032434-index.htm
- Earnings Releases
  ATLANTIC AMERICAN CORP reported the three month period ended December 31, 2022 results: net income $1.0 million, EPS $0.05 per diluted share.
  - Period: the three month period ended December 31, 2022
  - Net income: $1.0 million
  - EPS: $0.05 per diluted share
  - Result: reported results
  source text: The Company reported net income for the three month period ended December 31, 2022 of $1.0 million, or $0.05 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/0001140361-23-032434-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.