---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-052968"
form_type: "8-K"
ticker: "AAME"
cik: "0000008177"
company_name: "ATLANTIC AMERICAN CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:55:20.650272+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Atlantic American Q3 net income $1.8M vs loss $0.7M; new subsidiary launches

## Summary
- Net income of $1.8M ($0.08 diluted EPS) in Q3 2023, compared to net loss $0.7M ($(0.04)) in Q3 2022.
- Nine-month net income $2.1M ($0.09) vs $0.5M ($0.01) in prior year; increase driven by favorable life/health claims.
- Operating income up $1.9M in Q3; down $0.3M year-to-date due to system implementation costs.
- Atlantic Capital Life Assurance Company launched product in select states with more states expected.
- Partially offsetting gains: higher administrative costs from group/individual life growth.

## SEC filing metadata
- accession: 0001140361-23-052968
- form_type: 8-K
- ticker: AAME
- cik: 0000008177
- company_name: ATLANTIC AMERICAN CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8177/000114036123052968/0001140361-23-052968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8177/000114036123052968/ef20014332_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-052968
- JSON: https://secwatch.observer/filing/0001140361-23-052968.json
- Plain text: https://secwatch.observer/filing/0001140361-23-052968.txt

## Key facts
- Earnings Releases
  ATLANTIC AMERICAN CORP reported the nine month period ended September 30, 2023 results: net income $2.1 million, or $0.09 per diluted share, EPS $0.09 per diluted share.
  - Period: the nine month period ended September 30, 2023
  - Net income: $2.1 million, or $0.09 per diluted share
  - EPS: $0.09 per diluted share
  - Result: reported results
  source text: The Company had net income of $2.1 million, or $0.09 per diluted share, for the nine month period ended September 30, 2023, compared to net income of $0.5 million, or $0.01 per diluted share, for the nine month period ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036123052968/0001140361-23-052968-index.htm
- Earnings Releases
  ATLANTIC AMERICAN CORP reported the three month period ended September 30, 2023 results: net income $1.8 million, or $0.08 per diluted share, EPS $0.08 per diluted share.
  - Period: the three month period ended September 30, 2023
  - Net income: $1.8 million, or $0.08 per diluted share
  - EPS: $0.08 per diluted share
  - Result: reported results
  source text: Atlantic American Corporation (Nasdaq- AAME) today reported net income of $1.8 million, or $0.08 per diluted share, for the three month period ended September 30, 2023, compared to net loss of $0.7 million, or $(0.04) per diluted share, for the three month period ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036123052968/0001140361-23-052968-index.htm

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