AAMENasdaqLife InsuranceFiscal year ends December 31
ATLANTIC AMERICAN CORP
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 10-K/A on Oct 19, 2026
$1.45+0.40 (+38.10%)
Close on Oct 19, 2026
- Market cap
- $29.58M
- P/E (TTM)
- 5.2
- Dividend yield
- 1.38%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
1.8%−4.1 pts over 5 years
Net margin
2.9%−3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.9% | +3.9% | +1.5% | +2.4% | |
| Operating income | – | -27.3% | -20.3% | +15.8% | |
| Net income | – | +58.0% | -13.1% | +3.2% | |
| EPS, diluted | – | +67.1% | -12.9% | +4.0% | |
| Free cash flow | +608.4% | +72.4% | +30.0% | +32.9% | |
| Dividend per share | 0.0% | 0.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.5% | 9.2% | 5.2% | |
| Return on assets | 0.8% | 3.1% | 1.5% | |
| Interest coverage | 0.6× | 7.2× | 1.2× | |
| Capex to revenue | 0.2% | 0.1% | 0.2% | |
| Diluted shares | 20M | 22M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Atlantic American generated $47.84M from operations and spent $3.04M on capital expenditure, dividends and share buybacks. 33% of that went back into the business.
Generated
$47.84M
Used
$3.04M
Capital expenditure$1.00M33%Dividends$2.04M67%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.9%
×Asset turnover0.52×
×Equity multiplier3.53×
=Return on equity, FY20255.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.9% | 0.52× | 3.53× | 5.2% |
| FY2024 | -0.7% | 0.49× | 3.51× | -1.3% |
| FY2023 | -0.1% | 0.50× | 3.58× | -0.2% |
| FY2022 | 0.8% | 0.49× | 3.16× | 1.3% |
| FY2021 | 2.1% | 0.49× | 2.82× | 3.0% |
| FY2020 | 6.2% | 0.50× | 2.97× | 9.2% |
| FY2019 | -0.2% | 0.55× | 3.28× | -0.4% |
| FY2018 | -0.4% | 0.54× | 3.21× | -0.7% |
| FY2017 | 2.5% | 0.55× | 3.03× | 4.1% |
| FY2016 | 1.6% | 0.52× | 3.04× | 2.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$6.02M
- Cash generatingOperating cash flow above zero$32.87M
- Return on assets improvedROA up on the prior year-0.4% → 1.6%
- Earnings backed by cashOperating cash flow above net income$32.87M vs $6.02M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.50 → 0.55