Atlantic American(US:AAME) Globenewswireยท2025-11-14 19:56Core Insights - Atlantic American Corporation reported a net income of $0.6 million, or $0.02 per diluted share, for Q3 2025, a significant improvement from a net loss of ($2.0) million, or ($0.10) per diluted share, in Q3 2024 [1] - For the nine-month period ended September 30, 2025, net income was $4.7 million, or $0.22 per diluted share, compared to a net loss of ($4.7) million, or ($0.24) per diluted share, in the same period of 2024 [1] - The increase in net income was primarily driven by higher premium revenue in automobile liability, inland marine, and automobile physical damage lines, as well as growth in Medicare supplement and group accident and health lines [1][2] Financial Performance - Operating income increased by $2.3 million in Q3 2025 compared to Q3 2024, and by $7.7 million for the nine-month period [2] - Premium revenue grew nearly 12% year-to-date, supported by new business and solid retention across both property & casualty and life & health segments [3] - Total revenue for Q3 2025 was $53.76 million, up from $44.52 million in Q3 2024, while total revenue for the nine-month period was $159.18 million, compared to $139.18 million in the same period of 2024 [8] Insurance Operations - Insurance premiums for life and health increased to $29.47 million in Q3 2025 from $27.57 million in Q3 2024, and for property and casualty, they rose to $22.5 million from $16.21 million [8] - Insurance benefits and losses incurred for life and health were $17.51 million in Q3 2025, compared to $16.78 million in Q3 2024, while property and casualty incurred losses increased to $17.96 million from $13.98 million [8] Balance Sheet Highlights - Total assets as of September 30, 2025, were $430.86 million, up from $393.43 million at the end of 2024 [9] - Total shareholders' equity increased to $109.49 million from $99.61 million [9] - Book value per common share rose to $5.10 from $4.61 [9]