Rochester, NY 8/29/2009 12:50:48 AM
Atlantic American Corporation Reported net income of $12 thousand
Atlantic American Corp.
Atlantic American Corporation today reported net income of $12 thousand, before loss of $0.01 per for the three month period ended last compared to net income of $0.8 million, or $0.02 per diluted share, for the three month period ended June 30, 2008. For the six month period ended net income was $0.3 million, or nil per diluted share, compared to a net loss of $1.0 million, or $0.08 per diluted share, for the comparable period last year.
Results for the six month period ended last year of included a loss from discontinued operations of approximately $2.2 million, or $0.10 per diluted share. Discontinued operations were composed of the Company's regional property and casualty companies which were disposed of on total revenues for the three month period ended were $25.7 million, increasing 0.5% from the $25.6 million for the three month period ended insurance premiums during this quarter increased 2.6% from the comparable last year premiums.
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