In recent times, more people have started to realize the importance of investing. Back in the day, it was not as easy to invest your money as it is today, very few methods of investing were available earlier. The most common methods of investment today are through stocks, mutual funds, fixed deposits, governments bonds, government schemes, provident funds, and many more. Insurance is also a type of investment and its industry is an important one for the economy. There are many types of insurance available, such as life insurance, health insurance or mediclaim, car insurance, etc.
Insurance is basically saving ahead of time to mitigate any possible risks in the future. When you buy an insurance policy, you deposit a certain amount with the company, known as the premium, for a certain period of time. In case of emergency, you can claim this amount and use it according to the need. If you happen to not claim this amount throughout the policy period, in some types of policies you get this amount back. In most cases, the amount is not recoverable after the expiry of the policy.
Atlantic American Corporation is a company dealing with insurance. It is listed on Nasdaq as AAME. Its the ticker on the index is NASDAQ: AAME at https://www.webull.com/quote/nasdaq-aame. This is a parent company having three subsidiaries under its wings and is based in Atlanta, Georgia. These subsidiaries operate in the specialty markets of life, property and casualty insurance industries. The companies working under Atlantic American Corporation are Bankers Fidelity Assurance Company (life and health insurance), xCalibre (employee benefit programs), American Southern (property, casualty, auto insurance). The insurance rating company A.M. Best rated Atlantic American Corporation ‘A-Excellent’ rating. The company had its first IPO on January 1st, 1986.
Atlantic American Corporation has reported a net loss of $8.1 million ($0.40 per share) in the first quarter of 2020. This loss is a result of the pandemic and unrealized losses. The market value of the company is also impacted by the decline in capital markets due to Covid-19 pandemic and other related economic changes. Its operating loss was $2 million.
The amount of premium increased by 1.7%, as a result of an increase in property and casualty operations, offset by a decline in life and health insurance operations. According to analysts, it is recommended to sell the stock at the stock app with stock options trading in the short term, due to the declining trend in stock prices. In the long term, it holds a neutral position. The beta of NASDAQ: AAME is 1, which means that it is strongly correlated to the market. Such a stock doesn’t add to the risk in your portfolio but also doesn’t add excess returns. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
In case of emergency, you can claim this amount and use it according to the need. If you happen to not claim this amount throughout the policy period in some types of policies you get this amount back. In most cases, the amount is not recoverable after the expiry of the policy.