AA
Atlantic American Corporation
AAME · Insurance
Company brief
AA
AAMEInsurance$34M

Atlantic American Corporation

Multi-line insurance holding company providing life insurance, accident and health insurance, and property and casualty coverage through American Southern Insurance Company, Bankers Fidelity Life Insurance Company, and American Safety Insurance Company.

Moat score
6.5/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$2.26
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+26%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
N/A

Forward P/E is unavailable, so use price performance and business quality as first-pass checks.

P/E
9.0x

A P/E around 9.0x means investors pay about $9.0 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$0.24
Market Cap
$46M
Start with price performance and market cap, then wait for earnings/forward P/E data before judging valuation.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

The core case is that AAME keeps turning insurance operations into cash flow while managing medium retention risk and competitive pressure from more modern InsurTech players.

Watch signal

Revenue growth holds, but no SEC-backed 13F ownership signal is available yet to confirm institutional interest.

What you own

Atlantic American Corporation is exposure to insurance operating model with medium switching costs and 92% net revenue retention.

Base thesis

State regulatory compliance creates switching friction - agents can't easily move to unlicensed carriers

Main risk

AI disruption risk is high enough that workflow durability needs active monitoring.

How to inspect it

Pro access unlocks the workflow simulator for this company brief.

Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
6.5Moat Score
Net Revenue Retention92%
Retention RiskMedium
AI Disruption RiskHigh
Switching CostsMedium
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • State regulatory compliance creates switching friction - agents can't easily move to unlicensed carriers
  • Multi-decade actuarial data and state-specific rate filings create competitive moats
  • Independent agent relationships built over 55+ years provide distribution defensibility
  • Small scale ($34M market cap) makes them vulnerable to AI-powered InsurTech disruption
  • Reinsurance relationships with Munich Re and Swiss Re provide capital efficiency but limit pricing control
  • Legacy policy administration systems create operational inefficiencies vs. modern competitors