Atlantic American Q3 net loss $2.0M ($0.10/share) vs profit $1.8M year ago

ATLANTIC AMERICAN CORP

2024-Q3 EPS reported -$0.24 revenue$139,184,000

Net loss $2.0M ($0.10 diluted EPS) for Q3 2024 vs net income $1.8M ($0.08 EPS) in Q3 2023.
Nine-month net loss $4.7M ($0.24/sh) vs net income $2.1M ($0.09/sh) in prior year.
Premium revenue little changed at $43.8M in Q3; nine-month premiums down 1.9% to $133.3M.
Losses driven by unfavorable experience in group life, Medicare supplement, and auto liability lines.
CEO notes strong sales momentum in life/health; P&C navigating inflationary auto market.

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