10-K Filing

ATLANTIC AMERICAN CORP CIK: 8177 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001140361-12-017382`
Period End Date	20111231
Filing Date	20120326
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	aame-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 25

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.13M	USD	Point-in-time
Insurance premiums and other, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$405.00K	USD	Point-in-time
Insurance premiums and other, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$442.00K	USD	Point-in-time
Investments	`Investments`	$184.63M	USD	Point-in-time
Investments	`Investments`	$229.78M	USD	Point-in-time
Reinsurance	`ReinsuranceRecoverables`	$15.67M	USD	Point-in-time
Reinsurance	`ReinsuranceRecoverables`	$14.30M	USD	Point-in-time
Investment sales pending settlement	`InvestmentSalesPendingSettlement`	$15.44M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Investment sales pending settlement	`InvestmentSalesPendingSettlement`	$3.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Insurance premiums and other, net of allowance for doubtful accounts of $405 and $442 in 2011 and 2010, respectively	`PremiumsAndOtherReceivablesNet`	$8.29M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Insurance premiums and other, net of allowance for doubtful accounts of $405 and $442 in 2011 and 2010, respectively	`PremiumsAndOtherReceivablesNet`	$7.05M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNet`	-	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	70,000.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	70,000.00	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNet`	$3.23M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$21.24M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	70,000.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	70,000.00	shares	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$24.26M	USD	Point-in-time
Other assets	`OtherAssets`	$1.23M	USD	Point-in-time
Preferred stock, redemption value	`PreferredStockRedemptionAmount`	$7.00M	USD	Point-in-time
Preferred stock, redemption value	`PreferredStockRedemptionAmount`	$7.00M	USD	Point-in-time
Other assets	`OtherAssets`	$706.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Goodwill	`Goodwill`	$2.13M	USD	Point-in-time
Goodwill	`Goodwill`	$2.13M	USD	Point-in-time
Total assets	`Assets`	$277.57M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$302.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.40M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	22.37M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.26M	shares	Point-in-time
Insurance reserves and policyholder funds	`LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAndOtherPolicyholderFunds`	$147.19M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.27M	shares	Point-in-time
Insurance reserves and policyholder funds	`LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAndOtherPolicyholderFunds`	$137.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$15.73M	USD	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockShares`	116,865.00	shares	Point-in-time
Treasury stock, at cost (in shares)	`TreasuryStockShares`	1.13M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$14.10M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$3.32M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	-	USD	Point-in-time
Debt payable	`JuniorSubordinatedNotes`	$41.24M	USD	Point-in-time
Debt payable	`JuniorSubordinatedNotes`	$41.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$194.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.85M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value	`PreferredStockValue`	$70.00K	USD	Point-in-time
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value	`PreferredStockValue`	$70.00K	USD	Point-in-time
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 and 22,373,900 shares issued; 21,274,241 shares and 22,257,035 shares outstanding in 2011 and 2010, respectively	`CommonStockValue`	$22.40M	USD	Point-in-time
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 and 22,373,900 shares issued; 21,274,241 shares and 22,257,035 shares outstanding in 2011 and 2010, respectively	`CommonStockValue`	$22.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$57.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$57.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.89M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.24M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-604.00K	USD	Point-in-time
Treasury stock, at cost, 1,126,653 shares in 2011 and 116,865 shares in 2010	`TreasuryStockValue`	$162.00K	USD	Point-in-time
Treasury stock, at cost, 1,126,653 shares in 2011 and 116,865 shares in 2010	`TreasuryStockValue`	$1.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$82.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$77.47M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$96.28M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$277.57M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$302.12M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Insurance premiums	`PremiumsEarnedNet`	$107.47M	USD	Annual
Insurance premiums	`PremiumsEarnedNet`	$97.61M	USD	Annual
Investment income	`NetInvestmentIncome`	$9.74M	USD	Annual
Investment income	`NetInvestmentIncome`	$10.59M	USD	Annual
Realized investment gains (losses), net	`RealizedInvestmentGainsLosses`	$27.00K	USD	Annual
Realized investment gains (losses), net	`RealizedInvestmentGainsLosses`	$-741.00K	USD	Annual
Other income	`OtherIncome`	$247.00K	USD	Annual
Other income	`OtherIncome`	$280.00K	USD	Annual
Total revenue	`Revenues`	$106.89M	USD	Annual
Total revenue	`Revenues`	$118.33M	USD	Annual
Insurance benefits and losses incurred	`PolicyholderBenefitsAndClaimsIncurredNet`	$66.85M	USD	Annual
Insurance benefits and losses incurred	`PolicyholderBenefitsAndClaimsIncurredNet`	$73.61M	USD	Annual
Commissions and underwriting expenses	`CommissionsAndUnderwritingExpenses`	$29.54M	USD	Annual
Commissions and underwriting expenses	`CommissionsAndUnderwritingExpenses`	$28.10M	USD	Annual
Interest expense	`InterestExpense`	$2.60M	USD	Annual
Interest expense	`InterestExpense`	$2.61M	USD	Annual
Other	`OtherExpenses`	$8.70M	USD	Annual
Other	`OtherExpenses`	$9.27M	USD	Annual
Total benefits and expenses	`BenefitsLossesAndExpenses`	$106.27M	USD	Annual
Total benefits and expenses	`BenefitsLossesAndExpenses`	$115.02M	USD	Annual
Income before income taxes	`OperatingIncomeLoss`	$3.31M	USD	Annual
Income before income taxes	`OperatingIncomeLoss`	$621.00K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-369.00K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$25.00K	USD	Annual
Net income	`NetIncomeLoss`	$3.29M	USD	Annual
Net income	`NetIncomeLoss`	$990.00K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$508.00K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$508.00K	USD	Annual
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$482.00K	USD	Annual
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.78M	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.29M	USD	Annual
Net income	`NetIncomeLoss`	$990.00K	USD	Annual
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$10.47M	USD	Annual
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$9.78M	USD	Annual
Acquisition costs deferred	`DeferredPolicyAcquisitionCostsAdditions`	$12.76M	USD	Annual
Acquisition costs deferred	`DeferredPolicyAcquisitionCostsAdditions`	$11.56M	USD	Annual
Realized investment (gains) losses, net	`RealizedInvestmentGainsLosses`	$27.00K	USD	Annual
Realized investment (gains) losses, net	`RealizedInvestmentGainsLosses`	$-741.00K	USD	Annual
Increase in insurance reserves and policyholder funds	`IncreaseDecreaseInInsuranceLiabilities`	$8.69M	USD	Annual
Increase in insurance reserves and policyholder funds	`IncreaseDecreaseInInsuranceLiabilities`	$8.46M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$388.00K	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$379.00K	USD	Annual
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$228.00K	USD	Annual
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-374.00K	USD	Annual
Increase in receivables, net	`IncreaseDecreaseInReceivables`	$3.84M	USD	Annual
Increase in receivables, net	`IncreaseDecreaseInReceivables`	$2.60M	USD	Annual
Increase (decrease) in other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.69M	USD	Annual
Increase (decrease) in other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-589.00K	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$88.00K	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$598.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.90M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.13M	USD	Annual
Proceeds from investments sold	`ProceedsFromSaleOfMarketableSecuritiesAndOtherInvestments`	$3.29M	USD	Annual
Proceeds from investments sold	`ProceedsFromSaleOfMarketableSecuritiesAndOtherInvestments`	$39.45M	USD	Annual
Proceeds from investments matured, called or redeemed	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$83.03M	USD	Annual
Proceeds from investments matured, called or redeemed	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$11.98M	USD	Annual
Investments purchased	`PaymentsToAcquireInvestments`	$65.49M	USD	Annual
Investments purchased	`PaymentsToAcquireInvestments`	$82.40M	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.12M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.86M	USD	Annual
Payment of dividends on common stock	`PaymentsOfDividendsCommonStock`	$445.00K	USD	Annual
Payment of dividends on common stock	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Payment of dividends on Series D Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Payment of dividends on Series D Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$508.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$222.00K	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.82M	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$60.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-568.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.05M	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.20M	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.04M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$21.29M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$20.13M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$21.29M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$20.13M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.62M	USD	Annual
Cash paid for interest	`InterestPaid`	$2.59M	USD	Annual
Cash received for income taxes	`ProceedsFromIncomeTaxRefunds`	$650.00K	USD	Annual
Cash received for income taxes	`ProceedsFromIncomeTaxRefunds`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Purchase of shares for treasury (in shares)	`TreasuryStockSharesAcquired`	1.16M	shares	Annual
Purchase of shares for treasury (in shares)	`TreasuryStockSharesAcquired`	34,275.00	shares	Annual
Issuance of shares for stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	177,500.00	shares	Annual
Balance	`StockholdersEquity`	$82.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$77.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$96.28M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.29M	USD	Annual
Net income	`NetIncomeLoss`	$990.00K	USD	Annual
Increase in unrealized investment gains	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentBeforeTaxPeriodIncreaseDecrease`	$7.39M	USD	Annual
Increase in unrealized investment gains	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentBeforeTaxPeriodIncreaseDecrease`	$19.09M	USD	Annual
Fair value adjustment to derivative financial instrument	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$677.00K	USD	Annual
Fair value adjustment to derivative financial instrument	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$-6.00K	USD	Annual
Deferred income tax attributable to other comprehensive income	`OtherComprehensiveIncomeLossTax`	$6.92M	USD	Annual
Deferred income tax attributable to other comprehensive income	`OtherComprehensiveIncomeLossTax`	$2.58M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.79M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.14M	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$508.00K	USD	Annual
Dividends on preferred stock	`DividendsPreferredStock`	$508.00K	USD	Annual
Purchase of shares for treasury	`TreasuryStockValueAcquiredCostMethod`	$60.00K	USD	Annual
Purchase of shares for treasury	`TreasuryStockValueAcquiredCostMethod`	$1.82M	USD	Annual
Issuance of shares for stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$222.00K	USD	Annual
Balance	`StockholdersEquity`	$82.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$77.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$96.28M	USD	Point-in-time
Dividends on common stock	`DividendsCommonStock`	$445.00K	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.