Atlantic American Receives Nasdaq Notice for Filing Delays
- Nasdaq Notice: Atlantic American received a notice from Nasdaq on May 21, 2026, for failing to file its Q1 2026 Form 10-Q and remaining delayed in filing its FY2025 Form 10-K, indicating compliance challenges for the company.
- Compliance Plan Deadline: The company has until June 16, 2026, to submit a compliance plan, and if approved, Nasdaq may grant up to 180 days until October 12, 2026, to restore compliance, showcasing the company's efforts to address regulatory requirements.
- Stock Trading Reaction: Following the announcement, the stock is trading slightly lower at $2.23, reflecting market concerns over the company's compliance issues, which may impact investor confidence.
- Future Plans: Even if the June 16 deadline is missed, the company still plans to submit a compliance plan to Nasdaq, demonstrating its commitment to restoring compliance and aiming to maintain its position in the capital markets.
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Atlantic American Receives Nasdaq Notice for Filing Delays
- Nasdaq Notice: Atlantic American received a notice from Nasdaq on May 21, 2026, for failing to file its Q1 2026 Form 10-Q and remaining delayed in filing its FY2025 Form 10-K, indicating compliance challenges for the company.
- Compliance Plan Deadline: The company has until June 16, 2026, to submit a compliance plan, and if approved, Nasdaq may grant up to 180 days until October 12, 2026, to restore compliance, showcasing the company's efforts to address regulatory requirements.
- Stock Trading Reaction: Following the announcement, the stock is trading slightly lower at $2.23, reflecting market concerns over the company's compliance issues, which may impact investor confidence.
- Future Plans: Even if the June 16 deadline is missed, the company still plans to submit a compliance plan to Nasdaq, demonstrating its commitment to restoring compliance and aiming to maintain its position in the capital markets.
AM Best Downgrades Ratings of American Southern Insurance Group
- Rating Downgrade Impact: AM Best has downgraded American Southern Insurance Company's Financial Strength Rating from A to A-, and its Long-Term Issuer Credit Ratings from 'a' to 'a-', reflecting a significant deterioration in risk-adjusted capitalization, with additional reserve strengthening expected in 2026, potentially impacting future financial flexibility.
- Risk Management Pressure: The downgrade of American Southern Group's risk-adjusted capitalization assessment from very strong to strong highlights ongoing pressures from reserve strengthening and adverse reserve development in commercial auto liability, which may affect its competitive position in the market.
- BFLIG Rating Stability: In contrast to American Southern Group, Bankers Fidelity Life Insurance Group maintains its Financial Strength Rating at A-, with a very strong level of risk-adjusted capitalization, and has improved operating performance through rate increases and business diversification despite volatile underwriting results over the past five years.
- Future Outlook: The negative outlook for American Southern Group underscores the importance of capital management and financial flexibility, with AM Best continuing to monitor its enterprise risk management capabilities and capital adaptability to assess future credit rating changes.
Atlantic American Fails to File Annual Report on Time
- Compliance Notice: Atlantic American (AAME) received a notice from Nasdaq for failing to timely file its Form 10-K for the year ended December 31, 2025, indicating challenges in the company's compliance status.
- Impact Assessment: The company stated that the notice does not have an immediate impact on the listing or trading of its shares, suggesting that its current market position remains relatively stable despite the compliance issue.
- Remedial Measures: Atlantic American has 60 days to submit a compliance plan, and if accepted, Nasdaq may grant up to 180 days from the original filing deadline to complete the report, providing a buffer period to address compliance concerns.
- Proactive Response: The company is working to complete and file the Form 10-K as soon as practicable, demonstrating its commitment to restoring compliance and addressing the regulatory requirements effectively.
Atlantic American Corporation Reports Second Quarter Results for 2025
Financial Performance: Atlantic American Corporation reported a net income of $3.3 million for Q2 2025, a significant improvement from a net loss of $0.7 million in Q2 2024, driven by increased premium revenue and unrealized gains on equity securities.
Growth Outlook: The company's Chairman and CEO expressed optimism about sustained profitable growth in the second half of the year, highlighting strong performance in both property & casualty and life & health segments, supported by new business momentum and contract retention.
Atlantic American Corporation Reports First Quarter Results for 2025
Financial Performance: Atlantic American Corporation reported a net income of $0.8 million for Q1 2025, a significant improvement from a net loss of $2.0 million in Q1 2024, driven by increased premium revenue and favorable loss experiences in life and health operations.
Future Outlook: The company expressed confidence in its long-term growth trajectory despite challenges in property and casualty operations, anticipating positive impacts from recent rate adjustments and robust new business momentum in life and health segments.
Atlantic American Corporation Reports Fourth Quarter and Year End Results for 2024; Declares Annual Dividend
Financial Performance Overview: Atlantic American Corporation reported a net income of $0.4 million for Q4 2024, a significant improvement from a net loss of $2.2 million in Q4 2023, while the annual net loss increased to $4.3 million due to unfavorable claims in property and casualty operations.
Business Developments: The company experienced strong sales in its Medicare supplement business and announced an annual dividend of $0.02 per share, reflecting its commitment to enhancing shareholder value despite challenges in the commercial automobile market.
Atlantic American Receives Nasdaq Notice for Filing Delays
- Nasdaq Notice: Atlantic American received a notice from Nasdaq on May 21, 2026, for failing to file its Q1 2026 Form 10-Q and remaining delayed in filing its FY2025 Form 10-K, indicating compliance challenges for the company.
- Compliance Plan Deadline: The company has until June 16, 2026, to submit a compliance plan, and if approved, Nasdaq may grant up to 180 days until October 12, 2026, to restore compliance, showcasing the company's efforts to address regulatory requirements.
- Stock Trading Reaction: Following the announcement, the stock is trading slightly lower at $2.23, reflecting market concerns over the company's compliance issues, which may impact investor confidence.
- Future Plans: Even if the June 16 deadline is missed, the company still plans to submit a compliance plan to Nasdaq, demonstrating its commitment to restoring compliance and aiming to maintain its position in the capital markets.
AM Best Downgrades Ratings of American Southern Insurance Group
- Rating Downgrade Impact: AM Best has downgraded American Southern Insurance Company's Financial Strength Rating from A to A-, and its Long-Term Issuer Credit Ratings from 'a' to 'a-', reflecting a significant deterioration in risk-adjusted capitalization, with additional reserve strengthening expected in 2026, potentially impacting future financial flexibility.
- Risk Management Pressure: The downgrade of American Southern Group's risk-adjusted capitalization assessment from very strong to strong highlights ongoing pressures from reserve strengthening and adverse reserve development in commercial auto liability, which may affect its competitive position in the market.
- BFLIG Rating Stability: In contrast to American Southern Group, Bankers Fidelity Life Insurance Group maintains its Financial Strength Rating at A-, with a very strong level of risk-adjusted capitalization, and has improved operating performance through rate increases and business diversification despite volatile underwriting results over the past five years.
- Future Outlook: The negative outlook for American Southern Group underscores the importance of capital management and financial flexibility, with AM Best continuing to monitor its enterprise risk management capabilities and capital adaptability to assess future credit rating changes.
Atlantic American Fails to File Annual Report on Time
- Compliance Notice: Atlantic American (AAME) received a notice from Nasdaq for failing to timely file its Form 10-K for the year ended December 31, 2025, indicating challenges in the company's compliance status.
- Impact Assessment: The company stated that the notice does not have an immediate impact on the listing or trading of its shares, suggesting that its current market position remains relatively stable despite the compliance issue.
- Remedial Measures: Atlantic American has 60 days to submit a compliance plan, and if accepted, Nasdaq may grant up to 180 days from the original filing deadline to complete the report, providing a buffer period to address compliance concerns.
- Proactive Response: The company is working to complete and file the Form 10-K as soon as practicable, demonstrating its commitment to restoring compliance and addressing the regulatory requirements effectively.
Atlantic American Corporation Reports Second Quarter Results for 2025
Financial Performance: Atlantic American Corporation reported a net income of $3.3 million for Q2 2025, a significant improvement from a net loss of $0.7 million in Q2 2024, driven by increased premium revenue and unrealized gains on equity securities.
Growth Outlook: The company's Chairman and CEO expressed optimism about sustained profitable growth in the second half of the year, highlighting strong performance in both property & casualty and life & health segments, supported by new business momentum and contract retention.
Atlantic American Corporation Reports First Quarter Results for 2025
Financial Performance: Atlantic American Corporation reported a net income of $0.8 million for Q1 2025, a significant improvement from a net loss of $2.0 million in Q1 2024, driven by increased premium revenue and favorable loss experiences in life and health operations.
Future Outlook: The company expressed confidence in its long-term growth trajectory despite challenges in property and casualty operations, anticipating positive impacts from recent rate adjustments and robust new business momentum in life and health segments.
Atlantic American Corporation Reports Fourth Quarter and Year End Results for 2024; Declares Annual Dividend
Financial Performance Overview: Atlantic American Corporation reported a net income of $0.4 million for Q4 2024, a significant improvement from a net loss of $2.2 million in Q4 2023, while the annual net loss increased to $4.3 million due to unfavorable claims in property and casualty operations.
Business Developments: The company experienced strong sales in its Medicare supplement business and announced an annual dividend of $0.02 per share, reflecting its commitment to enhancing shareholder value despite challenges in the commercial automobile market.
