Atlantic American posts Q4 net loss of $2.2M, full-year loss of $0.2M; declares $0.02 dividend

ATLANTIC AMERICAN CORP

2024-Q1 EPS reported -$0.10 revenue$46,997,000

Q4 2023 net loss of $2.2M ($0.11/diluted share) vs net income of $1.0M ($0.05) in Q4 2022.
Full year 2023 net loss of $0.2M ($0.03/diluted share) vs net income of $1.5M ($0.06) in 2022.
Operating income (non-GAAP) fell to a $4.3M loss in Q4 2023 from $3.5M income; full-year operating income $1.5M vs $9.6M in 2022.
Decline driven by higher insurance benefits/losses, lower earned premiums, and increased debt service costs.
Board declared annual dividend of $0.02/share, payable April 26 to holders of record April 12.

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 fourth quarter and year ended December 31, 2023 results: net income net loss of $2.2 million, or ($0.11) per diluted share (Q4 2023); net loss of $0.2 million, or ($0.03) per diluted share.

Period: fourth quarter and year ended December 31, 2023
Net income: net loss of $2.2 million, or ($0.11) per diluted share (Q4 2023); net loss of $0.2 million, or ($0.03) per diluted share
Result: reported results

Exact text from the filing

On April 1, 2024, Atlantic American Corporation (the "Registrant") reported its results of operations for its fourth quarter and year ended December 31, 2023.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

ATLANTIC AMERICAN CORP filing history →

Source: SEC EDGAR

accession 0001140361-24-016948

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.