Atlantic American Q2 net income $1.7M vs loss $1.7M; declares $0.02 dividend

ATLANTIC AMERICAN CORP

2023-Q2 EPS reported $0.00 revenue$95,457,000

Net income of $1.7M ($0.08 diluted) in Q2 2023, vs net loss of $1.7M ($0.09) in Q2 2022.
Six-month net income $0.3M ($0.00 diluted) vs $1.2M ($0.05) in prior year period.
Operating income (non-GAAP) decreased $1.2M in Q2 and $2.2M year-to-date, hurt by actuarial system costs and group-line administrative expenses.
Annual dividend of $0.02 per share declared, payable Sept 12, 2023 to holders of record Aug 22, 2023.
Atlantic Capital Life Assurance Company expanded into additional states; Worksite division premium growth continues.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ATLANTIC AMERICAN CORP reported second quarter ended June 30, 2023 results: net income net income for the three month period ended June 30, 2023 of $1.7 million, or $0.08 per diluted share, EPS $0.08 per diluted share.

Period: second quarter ended June 30, 2023
Net income: net income for the three month period ended June 30, 2023 of $1.7 million, or $0.08 per diluted share
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

Atlantic American Corporation (the "Registrant") reported its results of operations for its second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001140361-23-038579

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