Atlantic American Q3 Net Income Rebounds on Premium Growth and Investment Gains

Atlantic American reported a net income of $0.6 million for the third quarter, reversing a loss from the same period last year.

Operating income increased by $2.3 million year-over-year, driven by growth in premium revenues across property & casualty and life & health insurance segments. Key contributors included increases in automobile liability, inland marine, automobile physical damage premiums, and growth in Medicare supplement and group accident and health lines. Additionally, unrealized gains on equity securities positively impacted net income. The company did not provide specific financial guidance for upcoming quarters.