Atlantic American Corporation Reports Second Quarter Results for 2025

Core Insights - Atlantic American Corporation reported a net income of $3.3 million, or $0.15 per diluted share, for Q2 2025, a significant improvement from a net loss of $0.7 million, or ($0.04) per diluted share, in Q2 2024 [1] - For the first half of 2025, the company achieved a net income of $4.1 million, or $0.19 per diluted share, compared to a net loss of $2.7 million, or ($0.14) per diluted share, in the same period of 2024 [1] - The increase in net income was primarily driven by higher premium revenue and unrealized gains on equity securities [1] Financial Performance - Operating income rose by $2.7 million in Q2 2025 compared to Q2 2024, and by $5.4 million for the first half of 2025 compared to the same period in 2024 [2] - The growth in operating income was attributed to increased premium revenue in the inland marine line of business and growth in Medicare supplement and group accident and health lines [2] - Total revenue for Q2 2025 was $55.29 million, up from $47.67 million in Q2 2024, while total revenue for the first half of 2025 was $105.42 million, compared to $94.67 million in the same period of 2024 [8] Business Segments - The property and casualty segment and life and health segment both experienced strong earned premium growth, supported by new business momentum and retention of existing contracts [3] - Insurance premiums for life and health increased to $29.01 million in Q2 2025 from $27.45 million in Q2 2024, and for property and casualty, premiums rose to $21.14 million from $17.54 million in the same period [8] - The company’s diversified product offerings contributed to the resilience of its business model and growth strategy [3] Balance Sheet Highlights - As of June 30, 2025, total assets were $429.34 million, up from $393.43 million at the end of 2024 [9] - Total cash and investments increased to $280.28 million from $265.70 million [9] - Total shareholders' equity rose to $106.17 million from $99.61 million, with a book value per common share of $4.94 compared to $4.61 [9]