Overview

* Atlantic American ( AAME ) Q3 net income at $0.6 mln, reversing a loss from last year

* Company's Q3 operating income increased by $2.3 mln year-over-year

* Premium revenue growth in property & casualty and life & health segments

Outlook

* Atlantic American ( AAME ) did not provide specific financial guidance for future quarters

Result Drivers

* PREMIUM REVENUE - Increases in premium revenue in automobile liability, inland marine, and automobile physical damage lines drove results

* MEDICARE SUPPLEMENT - Growth in Medicare supplement and group accident and health lines contributed to results

* UNREALIZED GAINS - Increase in unrealized gains on equity securities supported net income growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $53.76

Revenue mln

Q3 Net $577,000

Income

Q3 $1.62

Adjusted mln

Operatin

g Income

Q3 Cash $289.51

& mln

Investme

nts

Q3 $769,000

Pretax

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)