secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001140361-23-038579
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036123038579/0001140361-23-038579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036123038579/brhc20057117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-038579

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