Latest News by Industry
ATLANTA (AP) — ATLANTA (AP) — Atlantic American Corp. (AAME) on Monday reported a fourth-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 11 cents per share. Losses, adjusted for non-recurring gains, came to 21 cents per share.
The insurance company posted revenue of $46.7 million in the period.
For the year, the company reported a loss of $171,000, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $186.8 million.
In the final minutes of trading on Monday, the company's shares hit $2.82. A year ago, they were trading at $2.50.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAME at https://www.zacks.com/ap/AAME