Rochester, NY 9/1/2009 9:12:06 AM
Atlantic American Corp., AAME, Down by 5.87% in Afternoon Session
Atlantic American Corp.
Atlantic American Corporation today reported net income of $12 thousand, or a loss of $0.01 per diluted share, for the three month period ended June 30, 2009, 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 June 30, 2009, 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 in 2008. Results for the six month period ended June 30, 2008 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 March 31, 2008.
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Last Trade: 0.78
Day's Range: 0.78 - 0.81
52wk Range: 0.45 - 1.55
Change: 0.05 (5.87%)
Volume: 1,100
Avg Vol (3m): 2,238.46
ABOUT Atlantic American Corporation
Atlantic American Corporation, through its subsidiaries, provides life, health, property, and casualty insurance products in the United States. Its property and casualty insurance products include business automobile insurance coverage for state governments, local municipalities, and other large motor pools and fleets, as well as comprise personal property, inland marine, and general liability insurance products. The company also provides surety bond coverage for school bus transportation and subdivision construction, as well as performance and payment bonds. In addition, it offers ordinary and term life insurance, Medicare supplement, and other accident and health insurance products. The company was founded in 1968 and is based in Atlanta, Georgia.
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