secwatch.observer — SEC 8-K summary
======================================

Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001140361-24-016948
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036124016948/0001140361-24-016948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036124016948/ef20025542_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-016948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer