Atlantic American Corp reports Q1 EPS 3c vs (10c) last year
The increase in net income for the first quarter of 2025 was primarily the result of an increase in premium revenue and favorable loss experience in the company's life and health operations. Premium revenue for the three month period ended March 31, 2025 increased $2.4M, or 5.3%, to $46.9M from $44.6M in the three month period ended March 31, 2024. Commenting on the results, Hilton H. Howell, Jr., Chairman, President and Chief Executive Officer, stated, "We are pleased to report strong quarterly results, highlighted by improved profitability and solid growth in insurance premiums. New business momentum within our life and health segments remains robust, reinforcing our confidence in the Company's long-term growth trajectory. While our property and casualty operations faced elevated losses this quarter, we expect recent rate adjustments to begin positively impacting results in the coming periods. Looking ahead, we see significant opportunities and remain confident in our outlook for the remainder of 2025."
