Financial Performance - Atlantic American Corporation reported net income of $0.8 million, or $0.03 per diluted share, for Q1 2025, compared to a net loss of ($2.0) million, or ($0.10) per diluted share, in Q1 2024, marking a significant turnaround [2]. - Premium revenue increased by $2.4 million, or 5.3%, to $46.9 million in Q1 2025 from $44.6 million in Q1 2024, driven by growth in life and health operations [2]. - Operating income for Q1 2025 was $0.3 million, a recovery from an operating loss of ($2.4) million in Q1 2024, attributed to improved premium revenue and favorable loss experience [3]. - Total revenue for Q1 2025 reached $50.1 million, up from $47.0 million in Q1 2024, reflecting a positive trend in overall financial performance [9]. Cost Management - Insurance benefits and losses incurred remained stable at $31.9 million in Q1 2025, slightly down from $31.9 million in Q1 2024, indicating effective cost management [9]. Asset Management - The company’s total assets decreased to $388.4 million as of March 31, 2025, from $393.4 million at the end of 2024, reflecting a strategic focus on asset management [9]. - Book value per common share increased to $4.80 in Q1 2025, up from $4.61 in Q4 2024, indicating improved shareholder equity [9]. - Atlantic American Corporation's total cash and investments rose to $268.4 million as of March 31, 2025, compared to $265.7 million at the end of 2024, showcasing liquidity strength [9]. Future Outlook - The company anticipates that recent rate adjustments in property and casualty operations will positively impact future results, highlighting a proactive approach to market conditions [4]. - The company remains confident in its long-term growth trajectory, particularly in the life and health segments, despite challenges in property and casualty operations [4].
Atlantic American(AAME) - 2025 Q1 - Quarterly Results