Atlantic American Corporation: Business Overview, Financials & Competitive Analysis

Atlantic American Corporation Overview

Atlantic American Corporation is an insurance holding company active in specialty markets of the life, health, and property and casualty insurance industries. The Company conducts its operations primarily through its insurance subsidiaries: American Southern Insurance Company and American Safety Insurance Company (collectively American Southern); and Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company, and Atlantic Capital Life Assurance Company (collectively Bankers Fidelity).

Strategic Profile

American Southern operates in the property and casualty insurance market while Bankers Fidelity operates in the life and health insurance markets. Premium revenue rose nearly 12% year-to-date, driven by automobile liability, inland marine, automobile physical damage, Medicare supplement and group accident and health lines.

Competitive Landscape

Atlantic American operates in the specialty insurance niche against larger regional and national carriers. Key lines include Medicare supplement, group accident and health, group life, automobile liability, automobile physical damage and inland marine. The company's small scale ($53M market cap) positions it as a niche player relative to major insurers.

Industry Context

Atlantic American Corporation operates in Insurance - Life and Property & Casualty.

Key facts

Founded: 1937 · Headquarters: Atlanta, Georgia · Employees: 153 · Revenue: N/A · Market cap: $53M