 ATLANTA, Nov. 10, 2020 GLOBE NEWSWIRE -- Atlantic American Corporation Nasdaq- AAME today reported net income for the three month period ended September 30, 2020 of 1.9 million, or 0.09 per diluted share, as compared to net loss of 1.4 million, or 0.07 per diluted share, for the comparable period in 2019. For the nine month period ended September 30, 2020, the Company reported net income of 0.3 million, or nil per diluted share, as compared to net loss of 1.7 million, or 0.10 per diluted share, for the comparable period in 2019. The increase in net income during the third quarter of 2020 was primarily due to a 5.5 million decrease in insurance benefits and losses incurred somewhat offset by a decrease in unrealized gains on equity securities of 1.7 million for the third quarter of 2020 as compared to the third quarter of 2019. The increase in net income for the nine month period ended September 30, 2020 was primarily due to a 14.3 million decrease in insurance benefits and losses incurred mostly offset by a decrease of 9.9 million of net unrealized gains on equity securities during the nine month period ended September 30, 2020 as compared to the comparable period in 2019. Changes in unrealized gains and losses on equity securities for the applicable periods are primarily the result of fluctuations in the market values of the Companys equity investments. 