AP NEWS

Atlantic American: 4Q Earnings Snapshot

March 24, 2020 GMT

ATLANTA (AP) _ Atlantic American Corp. (AAME) on Tuesday reported fourth-quarter earnings of $1.3 million.

On a per-share basis, the Atlanta-based company said it had net income of 6 cents. Losses, adjusted for investment gains, were 8 cents per share.

The insurance company posted revenue of $52.3 million in the period.

For the year, the company reported that its loss narrowed to $386,000, or 4 cents per share. Revenue was reported as $198.2 million.

The company’s shares closed at $2.40. A year ago, they were trading at $2.89.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAME at https://www.zacks.com/ap/AAME