Atlantic American Corporation Reports Fourth Quarter and Year End Results for 2023; Declares Annual Dividend
Also contributing to the decrease in net income is an increase in debt service costs due to rising interest rates.
- Also contributing to the decrease in net income is an increase in debt service costs due to rising interest rates.
- Its principal insurance subsidiaries are American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company.
- Note regarding non-GAAP financial measure: Atlantic American Corporation presents its consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP).
- The financial data attached includes a reconciliation of operating income (loss) to net income (loss), the most comparable GAAP financial measure.