 ATLANTA, Aug. 10, 2021 GLOBE NEWSWIRE -- Atlantic American Corporation Nasdaq- AAME today reported net income for the three month period ended June 30, 2021 of 3.0 million, or 0.14 per diluted share, as compared to net income of 6.5 million, or 0.30 per diluted share, for the comparable period in 2020. For the six month period ended June 30, 2021, the Company reported net income of 2.5 million, or 0.11 per diluted share, as compared to net loss of 1.6 million, or 0.09 per diluted share, for the comparable period in 2020. The decrease in net income during the second quarter of 2021 was primarily due to a 4.5 million increase in life and health insurance benefits and losses incurred. Such increase was largely the result of higher utilization of policy benefits as compared to the unusually low levels experienced in 2020 during the COVID-19 shelter in place restrictions imposed on our policyholders. The increase in net income for the six month period ended June 30, 2021 was primarily due to 4.7 million of net unrealized gains on equity securities as compared to 7.1 million of unrealized losses on equity securities during the comparable period in 2020. 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. 