Atlantic american corporation reports first quarter results for 2021

Atlanta, may 11, 2021 (globe newswire) -- atlantic american corporation (nasdaq- aame) today reported net loss of $0.4 million, or $0.03 per common share, in the first quarter of 2021 compared to net loss of $8.1 million, or $0.40 per common share, in the first quarter of 2020.   the decrease in net loss was primarily the result of unrealized gains on equity securities of $0.7 million in the current quarter as compared to unrealized losses on equity securities of $8.5 million in the prior year quarter. although price levels have generally recovered, the company's investment portfolio was significantly impacted during the first quarter of 2020 by material declines in capital markets as a result of the covid-19 pandemic.
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