ATLANTA (AP) _ Atlantic American Corp. (AAME) on Monday reported first-quarter net income of $4.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had net income of 19 cents. Losses, adjusted for non-recurring gains, came to 11 cents per share.
The insurance company posted revenue of $55 million in the period.
The company's shares closed at $2.49. A year ago, they were trading at $3.
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