Atlantic American Corp (AAME) Financial Statements
Industry: Life Insurance
In fiscal 2024, Atlantic American reported revenue of $188.2M, up 0.8% from $186.8M the year before. Net income was -$4.3M (a -2.3% net margin), or -$0.23 per diluted share. Gross margin was 33.1% and operating margin was -2.6%. Operating activities generated $4.8M of cash, leaving $4.6M of free cash flow. At fiscal year end, Atlantic American held $393.4M in total assets against $293.8M in total liabilities, including $35.6M of cash and equivalents.
Open the full interactive Atlantic American financials → Quarterly statements, key ratios, valuation history and price charts.
Atlantic American Key Stats
| Share Price | $1.13 |
|---|---|
| Market Cap | $23.0M |
| Revenue YoY Growth | +0.8% |
| 52-Week Range | $1.13 – $3.22 |
| Shares Outstanding | 20.4 million (basic, 2025 Q3) |
Atlantic American Income Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Revenue | $198.2M | $195.3M | $199.6M | $187.9M | $186.8M | $188.2M |
| Cost of Goods Sold | $139.2M | $119.9M | $131.7M | $123.5M | $122.5M | $125.8M |
| Gross Profit | $59.0M | $75.5M | $67.9M | $64.4M | $64.3M | $62.4M |
| Operating Income | -$7.5M | $11.5M | -$1.5M | $9.6M | $1.5M | -$5.0M |
| Pre-Tax Income | -$407,000 | $15.5M | $5.3M | $2.1M | -$565,000 | -$5.3M |
| Income Tax | -$21,000 | $3.3M | $1.0M | $571,000 | -$394,000 | -$996,000 |
| Net Income | -$386,000 | $12.2M | $4.3M | $1.5M | -$171,000 | -$4.3M |
| Diluted EPS | -$0.04 | $0.56 | $0.19 | $0.06 | -$0.03 | -$0.23 |
Atlantic American Quarterly Results
| 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | |
|---|---|---|---|---|
| Revenue | $49.0M | $50.1M | $55.3M | $53.8M |
| Net Income | $412,000 | $802,000 | $3.3M | $577,000 |
| Diluted EPS | $0.02 | $0.03 | $0.15 | $0.02 |
Atlantic American Balance Sheet
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.9M | $19.3M | $24.8M | $28.9M | $28.3M | $35.6M |
| Total Assets | $377.6M | $405.2M | $402.3M | $367.1M | $381.3M | $393.4M |
| Total Long-Term Debt | — | — | — | $35.7M | $36.8M | $37.8M |
| Total Liabilities | $259.2M | $260.1M | $261.0M | $264.9M | $274.0M | $293.8M |
| Shareholders' Equity | $118.4M | $145.1M | $141.3M | $102.2M | $107.3M | $99.6M |
Atlantic American Cash Flow Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.8M | $9.0M | $1.1M | $6.5M | $2.6M | $4.8M |
| Cash From Investing | $3.0M | -$2.1M | $5.3M | -$3.4M | -$3.4M | $2.3M |
| Cash From Financing | -$939,000 | -$481,000 | -$954,000 | $1.1M | $181,000 | $186,000 |
| Free Cash Flow | -$1.9M | $8.7M | $981,000 | $6.3M | $2.5M | $4.6M |
Figures from Atlantic American's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Atlantic American financials page for every line item.
Atlantic American Company Profile
| Ticker | AAME |
|---|---|
| Exchange | Nasdaq |
| Industry | Life Insurance |
| Headquarters | Atlanta, Georgia |
| Incorporated in | Georgia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000008177 |
Frequently Asked Questions
What was Atlantic American's revenue in fiscal 2024?
Atlantic American (AAME) reported revenue of $188.2M for fiscal 2024.
What is Atlantic American's annual revenue history?
Atlantic American's annual revenue by fiscal year: 2019: $198.2M; 2020: $195.3M; 2021: $199.6M; 2022: $187.9M; 2023: $186.8M; 2024: $188.2M.
What was Atlantic American's net income in fiscal 2024?
Atlantic American reported net income of -$4.3M for fiscal 2024.
What was Atlantic American's earnings per share (EPS) in fiscal 2024?
Atlantic American's diluted EPS was -$0.23 for fiscal 2024 (adjusted for any later stock splits).
How much free cash flow did Atlantic American generate in fiscal 2024?
Atlantic American generated $4.6M of free cash flow in fiscal 2024.
What was Atlantic American's revenue last quarter?
In its most recent reported quarter (2025 Q3), Atlantic American reported revenue of $53.8M.
How much debt does Atlantic American have?
Atlantic American reported $37.8M of long-term debt, including the current portion, at the end of fiscal 2024.
How many shares of Atlantic American are outstanding?
Atlantic American reported a weighted average of 20.4 million basic shares outstanding in 2025 Q3.
What is Atlantic American's market cap?
Based on its latest closing price, Atlantic American (AAME) has a market capitalization of about $23.0M.
When does Atlantic American's fiscal year end?
Atlantic American's fiscal year end, as registered with the SEC, is December 31.
Where is Atlantic American headquartered?
Atlantic American lists its business address in Atlanta, Georgia in its SEC filings.