---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-016948"
form_type: "8-K"
ticker: "AAME"
cik: "0000008177"
company_name: "ATLANTIC AMERICAN CORP"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:05:02.749202+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-016948
- form_type: 8-K
- ticker: AAME
- cik: 0000008177
- company_name: ATLANTIC AMERICAN CORP
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/8177/000114036124016948/0001140361-24-016948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8177/000114036124016948/ef20025542_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-016948
- JSON: https://secwatch.observer/filing/0001140361-24-016948.json
- Plain text: https://secwatch.observer/filing/0001140361-24-016948.txt

## Key facts
- Earnings Releases
  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
  source text: On April 1, 2024, Atlantic American Corporation (the "Registrant") reported its results of operations for its fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036124016948/0001140361-24-016948-index.htm

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