ATLANTA (AP) — ATLANTA (AP) — Atlantic American Corp. (AAME) on Tuesday reported first-quarter net income of $802,000, after reporting a loss in the same period a year earlier.
The Atlanta-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring gains, came to 1 cent per share.
The insurance company posted revenue of $50.1 million in the period.
The company’s shares closed at $1.77. A year ago, they were trading at $1.87.
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