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Atlantic American Corp (AAME) stock

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NASDAQ: AAME Nasdaq Life & Health Insurance

Atlantic American Corp is a US-listed company in the life & health insurance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Atlantic American Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds5 adding, 4 cuttingOf 2 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Atlantic American files

Where Atlantic American stands after its latest 10-K/A

Revenue for the twelve months to December 2025 was $210m, up 11.9% on a year earlier, about the same pace as a quarter earlier.

Our model value for Atlantic American is under review, so past values are not shown until it is resolved.

Source: 10-K/A filed October 19, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Atlantic American Corp's trailing-twelve-month revenue grew 11.9% year on year, with a free-cash-flow margin of 15.4%.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 15.4% is above every prior reading in its 58-quarter history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 79% and a beta of 1.0 against the S&P 500.

Latest results: FY2025 Q4

Filed October 19, 2026
Revenue
$51m, up 4.8% on a year earlier

Atlantic American's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+14.3%
  • 1 week0.0%
  • 1 month-5.5%
  • This year-62.9%
  • 1 year-60.3%
  • 5 years-71.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$210M
Net margin
2.9%
EPS (TTM, diluted)
$0.29

Growth

Revenue growth
+11.9%
Change in growth rate
−0.0 pts
Share count change
−0.0%

Earnings

Last results
November 14, 2025

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Atlantic American Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

35 /100

Weak moat

How hard Atlantic American's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 0.6% of total assets over 10 years.

  • Durability 0 / 20

    Net margin has been a median 1.2%; its worst year was -0.7%.

  • Discipline 19 / 20

    The diluted share count fell 6.5% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (40 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Atlantic American Corp: too few analysts cover it.

Management guidance

Earnings release, November 14, 2025

No numeric guidance in Atlantic American Corp's latest earnings release (filed November 14, 2025). Some companies give their outlook only on the earnings call.

Positioning

Short interest
0.6%
of tradable shares
Days to cover
1.42
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
5%
of shares
Held by insiders
154.5%
of shares
Employees
163
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −62.9%

$2.83 on October 31, 2025 to $1.05

ThenNowEffect
Revenue (last 12 months) $199m $210m +5.8%
Net margin 2.7% 2.9% +5.1%
P/E multiple 10.9x 3.6x −67.2%
Share count 21m 20m +1.7%

Biggest factor: p/e multiple.

Last 3 years −42.8%

$1.84 on November 3, 2023 to $1.05

ThenNowEffect
Revenue (last 12 months) $187m $210m +12.5%
Net margin 0.4% 2.9% +710.3%
P/E multiple 56.7x 3.6x −93.7%
Share count 20m 20m 0.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AAME+20%−4%+6%−37%+87%−63%
Industry peers (median)+16%−3%+20%+28%+9%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AAME42%58%33%58%58%9%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AAME−62%−40%−41%−49%−35%−66%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 83% from February 9, 2021 to October 16, 2026. Getting back needed a 494% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.05 – $3.22
From 52-week high
−67.4%
vs 50-day average
−18.7%
vs 200-day average
−46.7%
Volatility (1 year)
79%
Beta vs S&P 500
0.97

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±6.4%
After a week
7 up, 5 down
typical move ±12.3%
After a month
7 up, 5 down
typical move ±15.2%
Results releasedNext dayS&P 500 next day5 days21 days
November 14, 2025 −11.9% −0.9% −22.5% −16.9%
August 12, 2025 +8.9% +1.4% +56.9% +44.9%
May 13, 2025 −1.2% +0.8% −0.6% +7.0%
March 25, 2025 +26.3% −1.0% +13.9% +13.4%
November 12, 2024 +2.4% −0.3% −4.8% −8.9%
August 14, 2024 +3.3% +2.0% +2.0% +10.7%
May 14, 2024 +4.1% +1.7% +3.0% +12.4%
April 1, 2024 −7.9% −0.8% −22.5% −32.3%
November 13, 2023 +6.9% +1.8% +18.1% +17.5%
August 8, 2023 −1.1% −1.1% −0.5% +1.1%
June 30, 2023 +2.1% +1.3% +0.5% −6.3%
November 8, 2022 +1.0% −1.5% +2.1% −10.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Atlantic American Corp
$180M $190M $200M $210M $220M FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue (TTM), FY23 Q1: $182.5M Revenue (TTM), FY23 Q2: $187M Revenue (TTM), FY23 Q3: $185.3M Revenue (TTM), FY23 Q4: $186.8M Revenue (TTM), FY24 Q1: $187.5M Revenue (TTM), FY24 Q2: $186M Revenue (TTM), FY24 Q3: $185.9M Revenue (TTM), FY24 Q4: $188.1M Revenue (TTM), FY25 Q1: $191.2M Revenue (TTM), FY25 Q2: $198.8M Revenue (TTM), FY25 Q3: $208.1M Revenue (TTM), FY25 Q4: $210.4M $210.4M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY23 Q1 $182.5M
FY23 Q2 $187M
FY23 Q3 $185.3M
FY23 Q4 $186.8M
FY24 Q1 $187.5M
FY24 Q2 $186M
FY24 Q3 $185.9M
FY24 Q4 $188.1M
FY25 Q1 $191.2M
FY25 Q2 $198.8M
FY25 Q3 $208.1M
FY25 Q4 $210.4M
Revenue growth, TTM YoY Atlantic American Corp
-10% 0% 10% 20% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue growth, TTM YoY, FY23 Q1: -9.7% Revenue growth, TTM YoY, FY23 Q2: -4.2% Revenue growth, TTM YoY, FY23 Q3: -3.7% Revenue growth, TTM YoY, FY23 Q4: -0.6% Revenue growth, TTM YoY, FY24 Q1: 2.7% Revenue growth, TTM YoY, FY24 Q2: -0.6% Revenue growth, TTM YoY, FY24 Q3: 0.4% Revenue growth, TTM YoY, FY24 Q4: 0.7% Revenue growth, TTM YoY, FY25 Q1: 2.0% Revenue growth, TTM YoY, FY25 Q2: 6.9% Revenue growth, TTM YoY, FY25 Q3: 11.9% Revenue growth, TTM YoY, FY25 Q4: 11.9% 11.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q1 -9.7%
FY23 Q2 -4.2%
FY23 Q3 -3.7%
FY23 Q4 -0.6%
FY24 Q1 2.7%
FY24 Q2 -0.6%
FY24 Q3 0.4%
FY24 Q4 0.7%
FY25 Q1 2.0%
FY25 Q2 6.9%
FY25 Q3 11.9%
FY25 Q4 11.9%
Operating margin (TTM) Atlantic American Corp
0% 1% 2% 3% 4% FY11 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY12 Q1 Operating margin (TTM), FY11 Q1: 0.6% Operating margin (TTM), FY11 Q2: 0.9% Operating margin (TTM), FY11 Q3: 1.9% Operating margin (TTM), FY11 Q4: 2.8% Operating margin (TTM), FY12 Q1: 3.5% 3.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY11 Q1 0.6%
FY11 Q2 0.9%
FY11 Q3 1.9%
FY11 Q4 2.8%
FY12 Q1 3.5%
FCF margin (TTM) Atlantic American Corp
0% 5% 10% 15% 20% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 FCF margin (TTM), FY23 Q1: 1.5% FCF margin (TTM), FY23 Q2: 3.1% FCF margin (TTM), FY23 Q3: 2.7% FCF margin (TTM), FY23 Q4: 1.4% FCF margin (TTM), FY24 Q1: 4.7% FCF margin (TTM), FY24 Q2: 1.3% FCF margin (TTM), FY24 Q3: 0.7% FCF margin (TTM), FY24 Q4: 2.4% FCF margin (TTM), FY25 Q1: 4.7% FCF margin (TTM), FY25 Q2: 8.9% FCF margin (TTM), FY25 Q3: 11.7% FCF margin (TTM), FY25 Q4: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q1 1.5%
FY23 Q2 3.1%
FY23 Q3 2.7%
FY23 Q4 1.4%
FY24 Q1 4.7%
FY24 Q2 1.3%
FY24 Q3 0.7%
FY24 Q4 2.4%
FY25 Q1 4.7%
FY25 Q2 8.9%
FY25 Q3 11.7%
FY25 Q4 15.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 107 118 140 165 166 166 166 181 186 198 195 200 188 187 188 210
EBITDA 1 4 4 3 4 2 2 −2 −3 −6 12 −0 11 2 −1 4
Operating income 1 3 4 2 3 1 1 −4 −4 −7 12 −1 10 2 −1 4
Net income 1 3 4 11 4 4 3 5 −1 −0 12 4 2 −0 −1 6
Diluted EPS $0.02 $0.12 $0.18 $0.48 $0.19 $0.19 $0.11 $0.20 −$0.05 −$0.04 $0.56 $0.19 $0.06 −$0.03 −$0.09 $0.28
Growth (year on year)
Revenue — +10.7% +18.2% +18.3% +0.6% −0.2% +0.1% +9.1% +2.5% +6.8% −1.4% +2.2% −5.9% −0.6% +0.7% +11.9%
EBITDA — — +12.0% −25.6% — −44.0% — — — — — −103.9% — −79.1% — —
Operating income — — +10.9% −32.4% — — — — — — — −113.0% — −84.0% — —
Net income — — +34.8% +148.5% −59.8% −0.9% −39.9% — −115.5% — — −64.8% −64.4% — — —
Diluted EPS — — +50.0% +166.7% −60.4% 0.0% −42.1% — −125.0% — — −66.1% −68.4% — — —
Margins
EBITDA margin 0.9% 3.1% 2.9% 1.9% 2.1% 1.2% 1.3% −1.3% −1.6% −3.3% 6.4% −0.2% 5.6% 1.2% −0.5% 2.0%
Operating margin 0.6% 2.8% 2.6% 1.5% 1.6% 0.5% 0.6% −2.1% −2.1% −3.8% 5.9% −0.7% 5.1% 0.8% −0.7% 1.8%
Net margin 0.9% 2.8% 3.2% 6.7% 2.7% 2.6% 1.6% 2.5% −0.4% −0.2% 6.2% 2.1% 0.8% −0.1% −0.7% 2.9%
Free-cash-flow margin 4.5% 7.7% 4.3% 7.1% 0.2% 1.1% 0.6% 6.7% 2.3% −0.9% 4.5% 0.5% 3.4% 1.4% 2.4% 15.4%
Cash flow
Cash from operations 5 9 6 13 4 2 1 12 4 −2 9 1 6 3 5 33
Capital spending 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0
Free cash flow 5 9 6 12 0 2 1 12 4 −2 9 1 6 3 5 32
Stock-based pay — — 0 0 1 0 1 0 0 0 0 0 0 0 0 0
Free cash flow after stock pay — — 6 11 −0 2 0 12 4 −2 8 1 6 2 5 32
Balance sheet
Cash 28 21 19 33 16 16 13 25 13 13 19 25 29 28 36 44
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 2 3 4 5
Net debt (negative = net cash) −28 −21 −19 −33 −16 −16 −13 −25 −13 −13 −19 −25 −27 −25 −32 −39
Diluted shares — 22m 21m 23m 21m 21m 20m 20m 20m 20m 22m 20m 20m 20m 20m 20m
Returned to shareholders
Dividends 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0
Buybacks 0 2 1 1 3 1 1 1 1 0 0 — — — — —
Total returned 0 2 2 2 3 1 1 1 1 0 0 0 0 0 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
−0.0%
year over year

Competitors: side by side with peers

Closest by revenue in life & health insurance
Last 12 months unless stated AAME CIA MFC FG GL JXN Median
Revenue, last 12 months $210m $255m $5.8bn $6.1bn $6.2bn $6.5bn $10.6bn
Revenue growth, last 12 months 11.9% 3.7% 5.0% 15.0% 5.2% 15.1% 7.0%
Revenue growth, 3-year average 3.9% 2.3% — 19.4% 5.5% 43.4% 4.3%
Revenue growth, latest quarter 4.8% −7.2% — 4.2% 8.0% −22.6% 5.8%
Operating margin 3.5% — — — 24.0% — 10.3%
Net margin 2.9% 4.5% 68.5% 6.9% 19.6% 1.6% 6.0%
Cash from operations / revenue 15.6% 6.1% 394.9% 71.5% 22.5% 90.9% 15.1%
Free-cash-flow margin 15.4% 5.9% 390.5% 59.9% 19.9% 90.9% 18.3%
Free-cash-flow margin, 3-year average 6.4% 8.0% 152.8% 86.7% 22.2% 106.8% 20.3%
Stock pay / revenue 0.0% 0.7% 0.0% 0.6% 0.9% 1.6% 0.7%
Change in share count −0.0% — −4.3% 2.7% −5.3% −5.8% −4.7%

Median of all 19 companies we cover in life & health insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Bankers Fidelity $122M 57.9% ▲ 5.0%
American Southern $88.5M 42.1% ▲ 22.5%

From Atlantic American Corp's 10-K filed October 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7M
Institutions reporting
20
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 5 institutions bought and 4 sold ; the biggest buyer was Focus Partners Wealth (+18K shares) and the biggest seller Bridgeway Capital Management, LLC (−8,391). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dimensional Fund Advisors LP $553,456 331K 32.1% 0.0%
Bridgeway Capital Management, LLC $268,396 161K 15.6% ▼ 5.0%
Blackrock, Inc. $179,425 107K 10.4% ▼ 0.1%
Biglari, Sardar $176,788 106K 10.3% 0.0%
Vanguard Capital Management LLC $101,578 61K 5.9% 0.0%
Renaissance Technologies LLC $86,506 52K 5.0% ▲ 10.4%
Geode Capital Management, LLC $73,514 44K 4.3% ▲ 24.3%
Foster Victor Wealth Advisors, LLC $71,720 44K 4.2% 0.0%
Vanguard Fiduciary Trust Co $46,286 28K 2.7% 0.0%
Northern Trust Corp $44,307 27K 2.6% ▲ 0.9%
Teton Advisors, LLC $31,730 19K 1.8% 0.0%
Focus Partners Wealth $30,620 18K 1.8% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Atlantic American Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2026 estimated from the company's past filing pattern, not announced

  • November 14, 2025
  • August 12, 2025
  • May 13, 2025
  • March 25, 2025
  • November 12, 2024
  • August 14, 2024

Recent SEC filings

Data status

When each part of this page on Atlantic American Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Atlantic American Corp in brief

What does Atlantic American Corp do?
Atlantic American Corp is a US-listed company in the life & health insurance industry. Its financial year ends in December.
What is Atlantic American Corp's stock ticker?
Atlantic American Corp trades under the ticker AAME on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Atlantic American Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Atlantic American Corp reported revenue of $210M, 11.9% higher than a year earlier, according to its SEC filings.
What is Atlantic American Corp's free cash flow?
Atlantic American Corp's free-cash-flow margin is 15.4% of revenue over the trailing twelve months.
Who are Atlantic American Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dimensional Fund Advisors LP, Bridgeway Capital Management, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Atlantic American Corp's market cap?
On December 31, 2025, Atlantic American Corp's market capitalisation was about $57.7M, with a price-to-earnings ratio of 9.6 and net debt of -$38.6M. Market figures come from third-party market data and may be delayed.
Who are Atlantic American Corp's competitors?
In our Life & Health Insurance peer group, the companies closest to Atlantic American Corp are Citizens, Inc., Manulife Financial Corp, F&G Annuities & Life, Inc., Globe Life and Jackson Financial Inc. The side-by-side comparison below sets their revenue, margins and growth against Atlantic American Corp's.