Atlantic American Corporation reported net income of $0.8 million, or $0.03 per diluted share, in the first quarter of 2025. This marks a significant improvement from a net loss of ($2.0) million, or ($0.10) per diluted share, in the first quarter of 2024.
The increase in net income was primarily driven by an increase in premium revenue and favorable loss experience within the company’s life and health operations. Premium revenue for the three months ended March 31, 2025, increased by $2.4 million, or 5.3%, reaching $46.9 million, up from $44.6 million in the prior year period.
The company also reported operating income of $0.3 million in Q1 2025, a turnaround from an operating loss of ($2.4) million in Q1 2024. Management stated that new business momentum within the life and health segments remains robust, reinforcing confidence in the company’s long-term growth trajectory.
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