ATLANTIC AMERICAN CORP
Financial highlights
| Metric | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 | FY 12/31/20 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $188.2M | $186.8M | $187.9M | $199.6M | $195.3M |
| Operating income | -$5.0M | $1.5M | $9.6M | -$1.5M | $11.5M |
| Interest expense | $3.4M | $3.3M | $2.0M | $1.4M | $1.6M |
| Pretax income | -$5.3M | -$565,000 | $2.1M | $5.3M | $15.5M |
| Income tax expense | -$996,000 | -$394,000 | $571,000 | $1.0M | $3.3M |
| Net income | -$4.3M | -$171,000 | $1.5M | $4.3M | $12.2M |
| Balance Sheet | |||||
| Cash and equivalents | $35.6M | $28.3M | $28.9M | $24.8M | $19.3M |
| Total assets | $393.4M | $381.3M | $367.1M | $402.3M | $405.2M |
| Total liabilities | $293.8M | $274.0M | $264.9M | $261.0M | $260.1M |
| Stockholders' equity | $99.6M | $107.3M | $102.2M | $141.3M | $145.1M |
| Cash Flow Statement | |||||
| Cash from operations | $4.8M | $2.6M | $6.5M | $1.1M | $9.0M |
| Depreciation and amortization | $366,000 | $652,000 | $890,000 | $1.0M | $980,000 |
| Stock-based compensation | $11,000 | $119,000 | $134,000 | $211,000 | $437,000 |
| Capital expenditure | $225,000 | $80,000 | $126,000 | $107,000 | $233,000 |
| Free cash flow | $4.6M | $2.5M | $6.3M | $981,000 | $8.7M |
| Dividends paid | $408,000 | $408,000 | $408,000 | $408,000 | $0 |
| Share repurchases | — | — | — | — | $0 |
Shares outstanding 20.4M
Annual filing data through FY ended December 31, 2024; float as of July 8, 2026.