At. American Reports Lowered 3Q Net

Atlantic American Corporation (Nasdaq: AAME) yesterday reported net income of $1.0 million, or $0.03 per diluted share, for the third quarter ended September 30, 2002 compared to net income of $2.1 million, or $0.08 per diluted share, for the third quarter ended September 30, 2001. The Company had a net loss of $12.4 million or $0.62 per diluted share for the nine months ended September 30, 2002 compared to net income of $3.7 million or $0.12 per diluted share for the nine months ended September 30, 2001. The net loss for the nine months ended September 30, 2002 was primarily the result of a n...