Atlantic American Q2 net loss $0.7M vs prior-year profit $1.7M; unfavorable loss experience drives swing

ATLANTIC AMERICAN CORP

2024-Q2 EPS reported -$0.14 revenue$94,665,000

Q2 2024 net loss $0.7M ($0.04 loss per share) vs Q2 2023 net income $1.7M ($0.08 per share).
Six-month 2024 net loss $2.7M ($0.14 loss per share) vs prior-year net income $0.3M ($0.00 per share).
Operating income fell $2.8M in Q2 and $5.7M in H1 due to unfavorable loss experience in life/health (group life, Medicare supplement) and property/casualty (auto liability).
CEO Hilton Howell cites strategic tech/talent investments; expects recent product launches to support annual enrollment period.

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