secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001140361-23-032434
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/0001140361-23-032434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036123032434/brhc20055237_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-032434

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer