AI-extracted from the 10-K filed 2026-10-16 — FY2025 (year ended December 31, 2025). Every figure is machine-verified against the filing text on SEC EDGAR.
Atlantic American's FY2025 net income swung to $6.0M from a $1.4M loss, but the filing discloses four material weaknesses, a Nasdaq delisting notice, and a late 10-K.
Biggest Revenue Drivers
Bankers Fidelity (Life and Health)$121.7M+5% YoY
Driven by Medicare Supplement new sales, partly offset by lower group life and group accident and health premiums.
American Southern (Property and Casualty)$88.5M+23% YoY
Rate increase upon renewal of an automobile liability program, plus higher inland marine and automobile physical damage premiums.
Biggest Revenue Drivers
Total revenue: $210.4M+12% YoY
Bankers Fidelity (Life and Health)$121.7M+5% YoY
Driven by Medicare Supplement new sales, partly offset by lower group life and group accident and health premiums.
American Southern (Property and Casualty)$88.5M+23% YoY
Rate increase upon renewal of an automobile liability program, plus higher inland marine and automobile physical damage premiums.
Largest Expense Items
Insurance benefits and losses incurred$137.5M+11% YoY
Increased losses in automobile physical damage and inland marine lines, plus higher benefit reserve changes.
Commissions and underwriting expenses$50.5M+4% YoY
Higher variable commissions at American Southern tied to favorable loss experience, partly offset by lower underwriting expenses at Bankers Fidelity.
Other expense$16.5M+2% YoY
Not explained in detail in the filing.
Margins: American Southern's combined ratio improved to 99.1% from 105.4%, driven by premium growth outpacing losses and rate increases. Bankers Fidelity's combined ratio was flat at 97.5%.
Watch Items from the Filing
Company is not compliant with Nasdaq Listing Rule 5250(c)(1) and expects a staff delisting determination after the October 12, 2026 deadline, though it intends to appeal.
Four material weaknesses identified in internal control over financial reporting, covering group premium receivables, LDTI implementation, and income tax accounting; remediation remains incomplete.
Credit Agreement deadlines were extended repeatedly; a Fifth Amendment dated October 15, 2026 waived prior defaults and lowered the required AM Best rating floor to A- for American Southern.
Bankers Fidelity has not yet filed audited 2025 statutory statements and a Nebraska Department of Insurance examination began August 24, 2026.
Approximately 99.8% of reinsurance recoverables ($25.5M) are due from a single reinsurer, General Re Corporation.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About ATLANTIC AMERICAN CORP (AAME): stock profile, AI score and financials
ATLANTIC AMERICAN CORP (AAME) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores AAME at 50.8/100 on a composite quality score built from its SEC filings, placing it at rank #1,590 of 2,925 stocks — the bottom half of the AI-ranked universe. AAME scores in the top quartile across earnings quality (93.9). Areas of concern include revenue scale (24.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2025), ATLANTIC AMERICAN CORP reports quarterly revenue of $51.3M, net income of $1.3M, an operating margin of 3.3%. Top institutional holders of AAME by reported 13-F value include DIMENSIONAL FUND ADVISORS, BRIDGEWAY CAPITAL MANAGEMENT, BlackRock, based on the most recent SEC filings. AAME trades on the Nasdaq exchange and files with the SEC under CIK 8177. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AAME daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ATLANTIC AMERICAN CORP directly from SEC EDGAR.