Gross unrealized holding gain (loss) arising in the period

$ 4,388

$ 4,430

Available-for-sale securities:

(2,366)

6,302

Related income tax effect

828

(2,206)

Less: reclassification adjustment for net realized gains included in net income

^[1]

(4,857)

(1,571)

Related income tax effect

^[2]

1,700

550

Total other comprehensive income (loss), net of tax

(4,695)

3,075

Total comprehensive income (loss)

$ (307)

$ 7,505

[1]	Realized gains on available-for-sale securities recognized in realized investment gains, net on the accompanying consolidated statements of operations.
[2]	Income tax effect on reclassification adjustment for net realized gains included in income tax expense on the accompanying consolidated statements of operations.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Unearned Stock Grant Compensation [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2013	$ 65	$ 22,401	$ 57,103	$ 18,738	$ 6,204	$ (485)	$ (3,099)	$ 100,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	4,430	0	0	0	4,430
Other comprehensive income (loss), net of tax	0	0	0	0	3,075	0	0	3,075
Preferred stock redeemed	(10)	0	(990)	0	0	0	0	(1,000)
Dividends on common stock	0	0	0	(834)	0	0	0	(834)
Dividends on preferred stock	0	0	0	(468)	0	0	0	(468)
Restricted stock grants	0	0	328	0	0	(559)	231	0
Amortization of unearned compensation	0	0	0	0	0	584	0	584
Purchase of shares for treasury	0	0	0	0	0	0	(2,603)	(2,603)
Issuance of shares under stock plans	0	0	50	0	0	0	34	84
Balance at Dec. 31, 2014	55	22,401	56,491	21,866	9,279	(460)	(5,437)	104,195
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	4,388	0	0	0	4,388
Other comprehensive income (loss), net of tax	0	0	0	0	(4,695)	0	0	(4,695)
Dividends on common stock	0	0	0	(412)	0	0	0	(412)
Dividends on preferred stock	0	0	0	(399)	0	0	0	(399)
Restricted stock grants	0	0	103	0	0	(178)	75	0
Amortization of unearned compensation	0	0	0	0	0	365	0	365
Purchase of shares for treasury	0	0	0	0	0	0	(997)	(997)
Issuance of shares under stock plans	0	0	29	0	0	0	18	47
Balance at Dec. 31, 2015	$ 55	$ 22,401	$ 56,623	$ 25,443	$ 4,584	$ (273)	$ (6,341)	$ 102,492

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares purchased (in shares)	233,368	687,964
Shares issued under stock plans (in shares)	11,565	21,629

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 4,388	$ 4,430
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred acquisition costs	10,320	10,678
Acquisition costs deferred	(11,205)	(10,150)
Realized investment gains, net	(4,857)	(1,571)
Gain on purchase of debt securities	0	(750)
(Decrease) increase in insurance reserves and policyholder funds	(749)	1,721
Compensation expense related to share awards	365	584
Depreciation and amortization	1,117	932
Deferred income tax expense	304	102
Decrease (increase) in receivables, net	1,329	(1,419)
Increase (decrease) in other liabilities	1,442	(47)
Other, net	(245)	(57)
Net cash provided by operating activities	2,209	4,453
Cash flows from investing activities:
Proceeds from investments sold	84,873	75,441
Proceeds from investments matured, called or redeemed	5,924	1,916
Investments purchased	(91,676)	(82,836)
Additions to property and equipment	(322)	(4,127)
Net cash used in investing activities	(1,201)	(9,606)
Cash flows from financing activities:
Payment for debt securities	0	(6,750)
Redemption of Series D preferred stock	0	(1,000)
Payment of dividends on Series D Preferred Stock	(399)	(471)
Payment of dividends on common stock	(412)	(834)
Proceeds from shares issued under stock plans	47	84
Purchase of shares for treasury	(997)	(2,603)
Net cash used in financing activities	(1,761)	(11,574)
Net decrease in cash	(753)	(16,727)
Cash and cash equivalents at beginning of year	16,375	33,102
Cash and cash equivalents at end of year	15,622	16,375
Supplemental cash flow information:
Cash paid for interest	1,424	1,649
Cash paid for income taxes	$ 1,465	$ 445

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period. At December 31, 2015, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity. Premium Revenue and Cost Recognition Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance). Intangibles Intangibles consist of goodwill and other indefinite-lived intangibles. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during the periods presented. Investments The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values for fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $2,237 at December 31, 2015. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, if applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income. Income Taxes Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized. Earnings Per Common Share Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase. Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact on our consolidated financial statements upon the adoption of this guidance. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The new guidance will require investments in equity securities to be measured at fair value with changes in fair value reported in net income except for those equity securities that result in consolidation or are accounted for under the equity method of accounting. Under existing guidance, the Company measures investments in equity securities, available-for-sale, at fair value with changes in fair value reported in accumulated other comprehensive income. The Company is required to adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact on the Company’s consolidated financial statements will depend on the composition of the Company’s investment portfolio on the date of adoption. As of December 31, 2015, equity securities available-for-sale totaled $23,131, with unrealized gains of $12,178 in accumulated other comprehensive income that would have been classified in retained earnings. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This amendment defers the effective date of the previously issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), until the interim and annual reporting periods beginning after December 15, 2017. Earlier adoption is permitted for interim and annual reporting periods beginning after December 15, 2016. ASU 2014-09 provides updated guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. The Company is currently evaluating the impact on our consolidated financial statements upon the adoption of this guidance. In May 2015, the FASB issued ASU No. 2015-09, Financial Services – Insurance (Topic 944): Disclosures about Short-Duration Contracts(“ASU 2015-09”). The main objective of ASU 2015-09 is to enhance disclosures about the liability for unpaid claims and claim adjustment expenses, specifically the development of claims, the frequency and severity of claims, and expanded disclosures about reserves that are discounted. ASU 2015-09 will also require insurance entities to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses, including reasons for the change and effects on the financial statements. The amendments in ASU 2015-09 are effective for annual reporting periods beginning after December 15, 2015, and interim reporting periods within annual reporting periods beginning after December 15, 2016. Since ASU 2015-09 is a disclosure only update, the Company does not expect its adoption to have an impact on the Company’s financial condition or results of operations. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments

12 Months Ended

Dec. 31, 2015

Investments [Abstract ]

Investments

Note 2. Investments

The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and amortized cost of the Company’s investments, aggregated by type and industry, as of December 31, 2015 and December 31, 2014.

Investments were comprised of the following:

	2015
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,234	$	290	$	175	$	22,119
Obligations of states and political subdivisions		25,479		621		552		25,410
Corporate securities:
Utilities and telecom		17,589		1,357		692		16,924
Financial services		54,035		1,797		1,351		53,589
Other business – diversified		60,960		729		5,898		66,129
Other consumer – diversified		24,581		136		1,391		25,836
Total corporate securities		157,165		4,019		9,332		162,478
Redeemable preferred stocks:
Financial services		253		3		—		250
Other consumer – diversified		193		—		—		193
Total redeemable preferred stocks		446		3		—		443
Total fixed maturities		205,324		4,933		10,059		210,450
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,386		422		—		964
Financial services		5,175		847		—		4,328
Other business – diversified		198		151		—		47
Other consumer – diversified		16,372		10,758		—		5,614
Total equity securities		23,131		12,178		—		10,953
Other invested assets		6,454		—		—		6,454
Policy loans		2,200		—		—		2,200
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	238,385	$	17,111	$	10,059	$	231,333

	2014
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	33,898	$	1,459	$	30	$	32,469
Obligations of states and political subdivisions		11,459		681		—		10,778
Corporate securities:
Utilities and telecom		13,980		2,355		—		11,625
Financial services		59,224		3,404		588		56,408
Other business – diversified		70,139		2,076		1,830		69,893
Other consumer – diversified		25,388		332		547		25,603
Total corporate securities		168,731		8,167		2,965		163,529
Redeemable preferred stocks:
Financial services		608		8		—		600
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		800		8		—		792
Total fixed maturities		214,888		10,315		2,995		207,568
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,403		439		—		964
Financial services		6,083		739		—		5,344
Other business – diversified		226		179		—		47
Other consumer – diversified		11,212		5,598		—		5,614
Total equity securities		18,924		6,955		—		11,969
Other invested assets		2,995		—		—		2,995
Policy loans		2,202		—		—		2,202
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	240,285	$	17,270	$	2,995	$	226,010

Bonds having an amortized cost of $11,259 and $10,615 and included in the tables above were on deposit with insurance regulatory authorities at December 31, 2015 and 2014, respectively, in accordance with statutory requirements.

The following table sets forth the carrying value, amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2015 and 2014.

	2015							2014
	Carrying Value		Amortized Cost		Unrealized Gains (Losses)			Carrying Value		Amortized Cost		Unrealized Gains
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,234	$	22,119	$	115		$	33,898	$	32,469	$	1,429
Obligations of states and political subdivisions		25,479		25,410		69			11,459		10,778		681
Utilities and telecom		18,975		17,888		1,087			15,383		12,589		2,794
Financial services		59,463		58,167		1,296			65,915		62,352		3,563
Other business – diversified		61,158		66,176		(5,018	)		70,365		69,940		425
Other consumer – diversified		41,146		31,643		9,503			36,792		31,409		5,383
Other investments		9,930		9,930		—			6,473		6,473		—
Investments	$	238,385	$	231,333	$	7,052		$	240,285	$	226,010	$	14,275

The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of December 31, 2015 and 2014.

	2015
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	9,209	$	120	$	2,243	$	55	$	11,452	$	175
Obligations of states and political subdivisions		16,079		552		—		—		16,079		552
Corporate securities		79,482		4,284		16,131		5,048		95,613		9,332
Total temporarily impaired securities	$	104,770	$	4,956	$	18,374	$	5,103	$	123,144	$	10,059

	2014
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	3,695	$	7	$	2,692	$	23	$	6,387	$	30
Corporate securities		43,996		1,604		9,293		1,361		53,289		2,965
Total temporarily impaired securities	$	47,691	$	1,611	$	11,985	$	1,384	$	59,676	$	2,995

The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status.

During the years ended December 31, 2015 and 2014, the Company recorded other than temporary impairments related to the following investments.

	2015			2014
Common and non-redeemable preferred stocks	$	—		$	196

As of December 31, 2015, there were ninety-seven securities in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturities within the other diversified business, other diversified consumer, utilities and telecom and financial services sectors. Securities in an unrealized loss position reported in the other diversified business sector included gross unrealized losses of $4,250 related to investments in fixed maturities of thirteen different issuers, all related to the oil and gas industry. The oil and gas investee companies represent a diversified group of businesses which include, among others, refiners, pipeline owners and operators, deep water offshore rig owners and operators, all of which are in continuing stages of rationalizing their current investments, future capital expenditures and assessing capital and liquidity requirements. The companies are continuing to assess and revise short-term, intermediate and long-term business plans in response to the current trends in oil and gas markets. While these companies have generally experienced credit downgrades or may be currently under review, the Company believes that many of the downgrades are in response to external market forces and not necessarily specific credit events of any obligor which would currently indicate that an other than temporary impairment need be recorded. All of the investees have continued to make regular interest payments on their debt when and as due and the Company continues to perform in-depth analysis of the financial disclosures of each of the investees on a regular basis. The Company does not currently intend to sell nor does it expect to be required to sell any of the securities in an unrealized loss position. Based upon the Company’s expected continuation of receipt of contractually required principal and interest payments and its intent and ability to retain the securities until price recovery, as well as the Company’s evaluation of other relevant factors, including those described above, the Company has deemed these securities to be temporarily impaired as of December 31, 2015.

The following describes the fair value hierarchy and provides information as to the extent to which the Company uses fair value to measure the value of its financial instruments and information about the inputs used to value those financial instruments. The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three broad levels.

Level 1

Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. The Company’s financial instruments valued using Level 1 criteria include cash equivalents and exchange traded common stocks.

Level 2

Observable inputs, other than quoted prices included in Level 1, for an asset or liability or prices for similar assets or liabilities. The Company’s financial instruments valued using Level 2 criteria include significantly all of its fixed maturities, which consist of U.S. Treasury securities and U.S. Government securities, obligations of states and political subdivisions, and certain corporate fixed maturities, as well as its non-redeemable preferred stocks. In determining fair value measurements using Level 2 criteria, the Company utilizes data from outside sources, including nationally recognized pricing services and broker/dealers, in establishing the fair value of its fixed maturities and non-redeemable preferred stocks. Prices for the majority of the Company’s Level 2 fixed maturities and non-redeemable preferred stocks were determined using unadjusted prices received from pricing services that utilize a matrix pricing concept, which is a mathematical technique used widely in the industry to value debt securities based on various relationships to other benchmark quoted prices.

Level 3

Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Fair value is based on criteria that use assumptions or other data that are not readily observable from objective sources. The Company’s financial instruments valued using Level 3 criteria consist of a limited number of fixed maturities. As of December 31, 2015 and 2014, the value of the Company’s fixed maturities valued using Level 3 criteria was $2,237 and $2,214, respectively. The use of different criteria or assumptions regarding data may have yielded materially different valuations.

As of December 31, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	203,087		$	2,237	⁽¹⁾	$	205,324
Equity securities		18,245		4,886	⁽¹⁾		—			23,131
Cash equivalents		13,772		—			—			13,772
Total	$	32,017	$	207,973		$	2,237		$	242,227

⁽¹⁾

All underlying securities are financial service industry related.

As of December 31, 2014, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	212,674		$	2,214	⁽¹⁾	$	214,888
Equity securities		13,148		5,776	⁽¹⁾		—			18,924
Cash equivalents		15,009		—			—			15,009
Total	$	28,157	$	218,450		$	2,214		$	248,821

⁽¹⁾

All underlying securities are financial service industry related.

The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2014 to December 31, 2015.

	Fixed Maturities
Balance, January 1, 2014	$	1,991
Total unrealized gains included in other comprehensive income		223
Balance, December 31, 2014		2,214
Total unrealized gains included in other comprehensive loss		23
Balance, December 31, 2015	$	2,237

The Company’s fixed maturities valued using Level 3 inputs consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows (based on current cash flows) discounted at reasonable estimated rates of interest. There are no assumed prepayments and/or default probability assumptions as a majority of these instruments contain certain U.S. government agency strips to support repayment of the principal. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable.

The amortized cost and carrying value of fixed maturities at December 31, 2015 and 2014 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

	2015				2014
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	4,143	$	4,113	$	1,000	$	1,000
Due after one year through five years		20,557		20,591		16,523		15,891
Due after five years through ten years		99,614		103,066		114,620		112,381
Due after ten years		79,882		81,684		64,990		61,704
Varying maturities		1,128		996		17,755		16,592
Totals	$	205,324	$	210,450	$	214,888	$	207,568

Investment income was earned from the following sources:

	2015			2014
Fixed maturities	$	9,327		$	9,720
Equity securities		488			510
Other		270			137
Total investment income		10,085			10,367
Less investment expenses, included in other expenses		(552	)		(536	)
Net investment income	$	9,533		$	9,831

A summary of realized investment gains (losses) follows:

	2015
	Fixed Maturities			Equity Securities			Other Invested Assets		Total
Gains	$	2,347		$	—		$	3,154	$	5,501
Losses		(628	)		(16	)		—		(644	)
Realized investment gains, net	$	1,719		$	(16	)	$	3,154	$	4,857

	2014
	Fixed Maturities			Equity Securities			Other Invested Assets		Total
Gains	$	2,449		$	—		$	—	$	2,449
Losses		(665	)		(213	)		—		(878	)
Realized investment gains, net	$	1,784		$	(213	)	$	—	$	1,571

Proceeds from the sales of investments were as follows:

	2015		2014
Fixed maturities	$	80,995	$	75,244
Other investments		3,878		197
Total proceeds	$	84,873	$	75,441

The Company’s bond portfolio included 82% investment grade securities, as defined by the NAIC, at December 31, 2015.

The entire disclosure for investments in certain debt and equity securities.

Insurance Reserves And Policyholder Funds [Abstract]

Insurance Reserves and Policyholder Funds

12 Months Ended

Dec. 31, 2015

Insurance Reserves and Policyholder Funds

Note 3. Insurance Reserves and Policyholder Funds

The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses.

					Amount of Insurance In Force, Net
	2015		2014		2015		2014
Future policy benefits
Life insurance policies:
Ordinary	$	54,130	$	53,555	$	247,590	$	235,856
Mass market		2,205		2,475		2,758		3,148
Individual annuities		103		130		—		—
		56,438		56,160	$	250,348	$	239,004
Accident and health insurance policies		15,698		14,685
		72,136		70,845
Unearned premiums		25,348		24,544
Losses, claims and loss adjustment expenses		63,870		66,625
Other policy liabilities		1,991		2,080
Total insurance reserves and policyholder funds	$	163,345	$	164,094

Annualized premiums for accident and health insurance policies were $87,480 and $88,956 at December 31, 2015 and 2014, respectively.

Future Policy Benefits

Liabilities for life insurance future policy benefits are based upon assumed future investment yields, mortality rates, and withdrawal rates after giving effect to possible risks of unexpected claim experience. The assumed mortality and withdrawal rates are based upon the Company’s experience. The interest rates assumed for life, accident and health future policy benefits are generally: (i) 2.5% to 5.5% for issues prior to 1977, (ii) 7% graded to 5.5% for 1977 through 1979 issues, (iii) 9% for 1980 through 1987 issues, (iv) 5% to 7% for 1988 through 2009 issues, (v) 4% for 2010 through 2012 issues, and (vi) 3.5% for 2013 through 2015 issues.

Loss and Claim Reserves

Loss and claim reserves represent estimates of projected ultimate losses and are based upon: (a) management’s estimate of ultimate liability and claims adjusters’ evaluations for unpaid claims reported prior to the close of the accounting period, (b) estimates of incurred but not reported (“IBNR”) claims based on past experience, and (c) estimates of loss adjustment expenses. The estimated liability is periodically reviewed by management and updated, with changes to the estimated liability recorded in the statement of operations in the year in which such changes are known.

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2015			2014
Balance at January 1	$	66,625		$	63,018
Less: Reinsurance receivable on unpaid losses		(14,302	)		(14,314	)
Net balance at January 1		52,323			48,704

Incurred related to:
Current year		99,447			104,225
Prior years		(701	)		(483	)
Total incurred		98,746			103,742

Paid related to:
Current year		68,159			72,443
Prior years		30,781			27,680
Total paid		98,940			100,123
Net balance at December 31		52,129			52,323
Plus: Reinsurance receivable on unpaid losses		11,741			14,302
Balance at December 31	$	63,870		$	66,625

Prior years’ development was primarily the result of better than expected development on prior years IBNR reserves for certain lines of business.

Following is a reconciliation of total incurred claims to total insurance benefits and losses incurred:

	2015		2014
Total incurred claims	$	98,746	$	103,742
Cash surrender value and matured endowments		1,390		1,574
Benefit reserve changes		1,228		879
Total insurance benefits and losses incurred	$	101,364	$	106,195

Reinsurance

12 Months Ended

Dec. 31, 2015

Reinsurance [Abstract]

Reinsurance

Note 4. Reinsurance

In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99% of the Company’s reinsurance receivables were due from two reinsurers as of December 31, 2015. Reinsurance receivables of $300 were due from Swiss Reinsurance Corporation, rated “AA-” by Standard & Poor’s and “A+” (Superior) by A.M. Best and $11,339 were due from General Reinsurance Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance receivables, if appropriate.

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2015			2014
Direct premiums written	$	138,035		$	138,276
Assumed premiums written		18,656			18,231
Ceded premiums written		(4,995	)		(5,890	)
Net premiums written	$	151,696		$	150,617

Direct premiums earned	$	137,436		$	141,212
Assumed premiums earned		18,451			18,166
Ceded premiums earned		(4,995	)		(5,890	)
Net premiums earned	$	150,892		$	153,488

Provision for benefits and losses incurred	$	104,286		$	110,912
Reinsurance loss recoveries		(2,922	)		(4,717	)
Insurance benefits and losses incurred	$	101,364		$	106,195

Components of reinsurance receivables were as follows:

	2015		2014
Receivable on unpaid losses	$	11,741	$	14,302
Receivable on paid losses		18		46
Total reinsurance receivables	$	11,759	$	14,348

The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts.

Junior Subordinated Debentures [Abstract]

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Income Taxes

Note 5. Income Taxes

Total income taxes were allocated as follows:

	2015			2014
Total tax expense on income	$	1,320		$	474

Tax expense (benefit) on components of shareholders’ equity:
Net unrealized gains (losses) on investment securities		(2,528	)		1,656
Total tax expense (benefit)	$	(1,208	)	$	2,130

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows:

	2015			2014
Federal income tax provision at statutory rate of 35%	$	1,998		$	1,717
Dividends-received deduction		(99	)		(115	)
Small life insurance company deduction		(582	)		(600	)
Other		42			53
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets		—			(651	)
Adjustment for prior years’ estimates to actual		(39	)		70
Income tax expense	$	1,320		$	474

The primary differences between the effective tax rate and the federal statutory income tax rate for 2015 resulted from the dividends-received deduction (“DRD”) and the small life insurance company deduction (“SLD”). The current estimated DRD is adjusted as underlying factors change and can vary from estimates based on, but not limited to, actual distributions from investments as well as the amount of the Company’s taxable income. The SLD varies in amount and is determined at a rate of 60 percent of the tentative life insurance company taxable income (“LICTI”). The SLD for any taxable year is reduced (but not below zero) by 15 percent of the tentative LICTI for such taxable year as it exceeds $3,000 and is ultimately phased out at $15,000.

The primary differences between the effective tax rate and the federal statutory income tax rate for 2014 resulted from the DRD, the SLD and the change in deferred tax asset valuation allowance. The change in deferred tax asset valuation allowance was due to the utilization of certain capital loss carryforward benefits that had been previously reduced to zero through an existing valuation allowance reserve. All unused capital loss carryforwards expired at the end of 2014.

Deferred tax liabilities and assets at December 31, 2015 and 2014 were comprised of the following:

	2015			2014
Deferred tax liabilities:
Deferred acquisition costs	$	(2,623	)	$	(2,832	)
Deferred and uncollected premiums		(677	)		(704	)
Net unrealized investment gains		(2,469	)		(4,997	)
Other		(642	)		(37	)
Total deferred tax liabilities		(6,411	)		(8,570	)
Deferred tax assets:
Net operating loss carryforwards		—			20
Insurance reserves		4,522			4,676
Impaired assets		1,474			1,474
Alternative minimum tax credit		504			239
Bad debts and other		740			766
Total deferred tax assets		7,240			7,175
Net deferred tax asset (liability)	$	829		$	(1,395	)

The components of income tax expense were:

	2015		2014
Current - Federal	$	1,016	$	372
Deferred - Federal		304		753
Change in deferred tax asset valuation allowance		—		(651	)
Total	$	1,320	$	474

The Company has formal tax-sharing agreements, and files a consolidated income tax return, with its subsidiaries. Tax years prior to 2012 have been audited by the Internal Revenue Service and are closed.

Junior Subordinated Debentures

12 Months Ended

Dec. 31, 2015

Junior Subordinated Debentures

Note 6. Junior Subordinated Debentures

The Company has two unconsolidated Connecticut statutory business trusts, which exist for the exclusive purposes of: (i) issuing trust preferred securities (“Trust Preferred Securities”) representing undivided beneficial interests in the assets of the trusts; (ii) investing the gross proceeds of the Trust Preferred Securities in junior subordinated deferrable interest debentures (“Junior Subordinated Debentures”) of Atlantic American; and (iii) engaging in those activities necessary or incidental thereto.

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2015 and 2014, was as follows:

	Atlantic American Statutory Trust I	Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Principal amount owed	$18,042	$23,196
Balance December 31, 2015	$18,042	$23,196
Less: Treasury debt⁽³⁾	—	(7,500)
Net balance December 31, 2015	$18,042	$15,696
Net balance December 31, 2014	$18,042	$15,696
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Interest payable	Quarterly	Quarterly
Maturity date	December 4, 2032	May 15, 2033
Redeemable by issuer	Yes	Yes
TRUST PREFERRED SECURITIES
Issuance date	December 4, 2002	May 15, 2003
Securities issued	17,500	22,500
Liquidation preference per security	$ 1	$ 1
Liquidation value	$17,500	$22,500
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Distribution payable	Quarterly	Quarterly
Distribution guaranteed by⁽⁴⁾	Atlantic American Corporation	Atlantic American Corporation

⁽¹⁾

For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures’ respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company’s common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.

⁽²⁾

The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.

⁽³⁾

On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. Consideration tendered, upon settlement, was $6,750 plus accrued interest resulting in a gain of $750 recognized in other income on the accompanying consolidated statements of operations in 2014.

⁽⁴⁾

The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 7. Commitments and Contingencies

Litigation

From time to time, the Company is, and expects to continue to be, involved in various claims and lawsuits incidental to and in the ordinary course of its business. In the opinion of management, any such known claims are not expected to have a material effect on the financial condition or results of operations of the Company.

Operating Lease Commitments

The Company’s rental expense, including common area charges, for operating leases was $1,261 and $1,229 in 2015 and 2014, respectively. The Company’s future minimum base lease obligations under non-cancelable operating leases are as follows:

Year Ending December 31,
2016	$	907
2017		446
2018		457
2019		193
Thereafter		—
Total	$	2,003

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2015
Benefit Plans [Abstract]
Benefit Plans	Note 8. Benefit Plans Equity Incentive Plan On May 1, 2012, the Company’s shareholders approved the 2012 Equity Incentive Plan (the “2012 Plan”). The 2012 Plan authorizes the grant of up to 2,000,000 stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other awards for the purpose of providing the Company’s non-employee directors, consultants, officers and other employees incentives and rewards for superior performance. In 2015, a total of 48,300 restricted shares, with an estimated fair value of $178, were issued under the 2012 Plan. In 2014, a total of 148,500 restricted shares, with an estimated fair value of $559, were issued under the 2012 Plan. The estimated fair value of the restricted shares issued under the 2012 Plan for 2015 and 2014 was based on the common stock price at date of grant. Vesting of restricted shares generally occurs after a one to three year period. There were no stock options outstanding under the 2012 Plan in 2015 or 2014. Shares available for future grants at December 31, 2015 and 2014 were 1,603,200 and 1,651,500, respectively. 401(k) Plan The Company initiated an employees’ savings plan (the “Plan”) qualified under Section 401(k) of the Internal Revenue Code in May 1995. The Plan covers substantially all of the Company’s employees. Effective January 1, 2009, the Company modified the Plan such that the Plan would operate on a safe harbor basis. Under the Plan, employees may defer up to 50% of their compensation, not to exceed the annual deferral limit. The Company’s total matching contribution for 2015 and 2014 was $212 and $186, respectively, and consisted of a contribution equal to 35% of up to the first 6% of each participant’s contributions for 2015 and 50% of up to the first 4% of each participant’s contributions for 2014. In addition to the matching contribution, the Company also provided a 3% safe harbor non-elective contribution in 2015 and 2014 of $416 and $391, respectively. All contributions were made in cash. Agent Stock Purchase Plan The Company initiated a nonqualified stock purchase plan (the “Agent Stock Purchase Plan”) in May 2012. The purpose of the Agent Stock Purchase Plan is to promote and advance the interests of the Company and its stockholders by providing independent agents who qualify as participants with an opportunity to purchase the common stock of the Company. Under the Agent Stock Purchase Plan, payment for shares of common stock of the Company is made by either deduction from an agent’s commission payment or a direct cash payment. Stock purchases are made at the end of each calendar quarter at the then current market value.

Preferred Stock	12 Months Ended
Preferred Stock	Dec. 31, 2015
Preferred Stock [Abstract]
Preferred Stock	Note 9. Preferred Stock The Company had 55,000 shares of Series D preferred stock (“Series D Preferred Stock”) outstanding at December 31, 2015 and 2014, respectively. All of the shares of Series D Preferred Stock are held by an affiliate of the Company’s controlling shareholder. The outstanding shares of Series D Preferred Stock have a stated value of $100 per share; accrue annual dividends at a rate of $7.25 per share (payable in cash or shares of the Company’s common stock at the option of the board of directors of the Company) and are cumulative. In certain circumstances, the shares of the Series D Preferred Stock may be convertible into an aggregate of approximately 1,378,000 shares of the Company’s common stock, subject to certain adjustments and provided that such adjustments do not result in the Company issuing more than approximately 2,703,000 shares of common stock without obtaining prior shareholder approval; and are redeemable solely at the Company’s option. The Series D Preferred Stock is not currently convertible. The Company redeemed 10,000 shares of the Series D Preferred Stock in 2014 at the stated value of $100 per share, for an aggregate payment of $1,000. The Company had accrued, but unpaid, dividends, on the Series D Preferred Stock of $18 at December 31, 2015 and 2014. During 2015 and 2014, the Company paid Series D Preferred Stock dividends of $399 and $471, respectively.

Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 10. Earnings Per Common Share

A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows:

	For the Year Ended December 31, 2015
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,388			20,566
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	3,989			20,566	$	.19

	For the Year Ended December 31, 2014
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,430			20,818
Less preferred stock dividends		(468	)		—
Net income applicable to common shareholders	$	3,962			20,818	$	.19

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2015 and 2014 since its impact would have been antidilutive.

Statutory Reporting

12 Months Ended

Dec. 31, 2015

Statutory Reporting [Abstract]

Statutory Reporting

Note 11. Statutory Reporting

The assets, liabilities and results of operations have been reported on the basis of GAAP, which varies in some respects from statutory accounting practices (“SAP”) prescribed or permitted by insurance regulatory authorities. The principal differences between SAP and GAAP are that under SAP: (i) certain assets that are non-admitted assets are eliminated from the balance sheet; (ii) acquisition costs for policies are expensed as incurred, while they are deferred and amortized over the estimated life of the policies under GAAP; (iii) the provision that is made for deferred income taxes is different than under GAAP; (iv) the timing of establishing certain reserves is different than under GAAP; and (v) certain valuation allowances attributable to certain investments are different.

The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows:

	2015		2014
Life and Health, net income	$	4,147	$	2,738
Property and Casualty, net income		5,290		4,813
Statutory net income	$	9,437	$	7,551

Life and Health, surplus	$	35,322	$	34,004
Property and Casualty, surplus		38,308		39,012
Statutory surplus	$	73,630	$	73,016

Under the insurance code of the state in which each insurance subsidiary is domiciled, dividend payments to the Parent by its insurance subsidiaries are subject to certain limitations without the prior approval of the applicable state’s Insurance Commissioner. The Parent received dividends of $6,750 and $6,468 in 2015 and 2014, respectively, from its subsidiaries. In 2016, dividend payments to the Parent by the insurance subsidiaries in excess of $6,095 would require prior approval.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions In the normal course of business the Company has engaged in transactions with entities affiliated with the controlling shareholder of the Company. These transactions include the leasing of office space as well as certain investing and financing activities. At December 31, 2015, two members of the Company’s board of directors, including our chairman, president and chief executive officer, were considered to be affiliates of the majority shareholder, who is also a member of the Company’s board of directors. The Company leases approximately 49,586 square feet of office and covered garage space from one such controlled entity. During the years ended December 31, 2015 and 2014, the Company paid $875 and $852, respectively, under this lease. Certain financing for the Company has also been provided by this entity in the form of an investment in the Series D Preferred Stock (See Note 9). During the years ended December 31, 2015 and 2014, the Company paid this entity $399 and $471, respectively, in dividends on the Series D Preferred Stock. During 2014, the Company redeemed $1,000 of the Series D Preferred Stock. Certain members of the Company’s management and board of directors are shareholders and on the board of directors of Gray Television, Inc. (“Gray”). As of December 31, 2015 and 2014, the Company owned 880,272 shares of Gray Class A common stock and 106,000 shares of Gray common stock. The aggregate carrying value of these investments in Gray at December 31, 2015 and 2014 was $14,043 and $9,242, respectively.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Segment Information

12 Months Ended

Dec. 31, 2015

Segment Information [Abstract]

Segment Information

Note 13. Segment Information

The Parent’s primary insurance subsidiaries operate with relative autonomy and each company is evaluated based on its individual performance. American Southern operates in the property and casualty insurance market, while Bankers Fidelity operates in the life and health insurance market. Each segment derives revenue from the collection of premiums, as well as from investment income. Substantially all revenue other than that in the corporate and other segment is from external sources.

	2015
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	54,508		$	96,384		$	—		$	—		$	150,892
Insurance benefits and losses incurred		35,046			66,318			—			—			101,364
Expenses deferred		(9,093	)		(2,112	)		—			—			(11,205	)
Amortization and depreciation expense		9,057			1,707			673			—			11,437
Other expenses		17,845			33,210			16,789			(9,211	)		58,633
Total expenses		52,855			99,123			17,462			(9,211	)		160,229
Underwriting income (loss)		1,653			(2,739	)
Investment income		4,107			5,680			2,060			(1,762	)		10,085
Other income		10			10			7,532			(7,449	)		103
Operating income (loss)		5,770			2,951			(7,870	)		—			851
Net realized gains		872			3,795			190			—			4,857
Income (loss) before income taxes	$	6,642		$	6,746		$	(7,680	)	$	—		$	5,708
Total revenues	$	59,497		$	105,869		$	9,782		$	(9,211	)	$	165,937
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	123,445		$	160,964		$	136,869		$	(106,675	)	$	314,603

	2014
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	52,654		$	100,834		$	—		$	—		$	153,488
Insurance benefits and losses incurred		38,179			68,016			—			—			106,195
Expenses deferred		(7,845	)		(2,305	)		—			—			(10,150	)
Amortization and depreciation expense		8,646			2,457			507			—			11,610
Other expenses		13,644			33,725			15,601			(9,208	)		53,762
Total expenses		52,624			101,893			16,108			(9,208	)		161,417
Underwriting income (loss)		30			(1,059	)
Investment income		4,447			5,507			2,152			(1,739	)		10,367
Other income		8			11			7,595			(7,469	)		145
Operating income (loss)		4,485			4,459			(6,361	)		—			2,583
Net realized gains		527			694			350			—			1,571
Gain on purchase of debt securities		—			—			750			—			750
Income (loss) before income taxes	$	5,012		$	5,153		$	(5,261	)	$	—		$	4,904
Total revenues	$	57,636		$	107,046		$	10,847		$	(9,208	)	$	166,321
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	129,517		$	161,729		$	139,271		$	(113,509	)	$	317,008

Disclosures About Fair Value of Financial Instruments [Abstract]

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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+ Details

Disclosures About Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2015

Disclosures About Fair Value of Financial Instruments

Note 14. Disclosures About Fair Value of Financial Instruments

The estimated fair values have been determined by the Company using available market information from various market sources and appropriate valuation methodologies as of the respective dates. However, considerable judgment is necessary to interpret market data and to develop the estimates of fair value. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, the estimates presented herein are not necessarily indicative of the amounts which the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

	Level in Fair Value Hierarchy ⁽¹⁾	2015				2014
	Level in Fair Value Hierarchy ⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	Level 1	$	15,622	$	15,622	$	16,375	$	16,375
Fixed maturities	⁽¹⁾		205,324		205,324		214,888		214,888
Equity securities	⁽¹⁾		23,131		23,131		18,924		18,924
Other invested assets	Level 3		6,454		7,070		2,995		2,995
Policy loans	Level 2		2,200		2,200		2,202		2,202
Real estate	Level 2		38		38		38		38
Investments in unconsolidated trusts	Level 2		1,238		1,238		1,238		1,238

Liabilities:
Junior Subordinated Debentures, net	Level 2		33,738		33,738		33,738		33,738

⁽¹⁾

See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

The following describes the methods and assumptions used by the Company in estimating fair values:

Cash and Cash Equivalents

The carrying amount approximates fair value due to the short-term nature of the instruments.

Fixed Maturities and Common and Non-Redeemable Preferred Stocks

The carrying amount is determined in accordance with methods prescribed by the NAIC, which do not differ materially from publicly quoted market prices. Certain fixed maturities do not have publicly quoted values and consist solely of issuances of pooled debt obligations of multiple, smaller financial services companies. They are not actively traded and valuation techniques used to measure fair value are based on future estimated cash flows discounted at a reasonably estimated rate of interest. Other qualitative and quantitative information received from the original underwriter of the pooled offerings is also considered, as applicable.

Non-publicly Traded Invested Assets

The fair value of investments in certain limited partnerships which are included in other invested assets on the consolidated balance sheet were determined by officers of those limited partnerships.

Junior Subordinated Debentures

The fair value is estimated based on the quoted market prices for similar issues and the current rates offered for debt having similar returns and remaining maturities.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income

Note 15. Accumulated Other Comprehensive Income

The following table sets forth the balance of each component of accumulated other comprehensive income as of December 31, 2015 and 2014, and the changes in the balance of each component thereof during 2015.

	Unrealized Gains on Available-for- Sale Securities
Balance, December 31, 2014	$	9,279
Other comprehensive loss before reclassifications		(1,538	)
Amounts reclassified from accumulated other comprehensive income		(3,157	)
Net current period other comprehensive loss		(4,695	)
Balance, December 31, 2015	$	4,584

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
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-Paragraph 1A
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-Subparagraph (SX 210.3-04)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2015

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

BALANCE SHEETS

ASSETS

	December 31,
	2015		2014
	(In thousands)

Cash and cash equivalents	$	4,463	$	5,947
Investments		19,035		13,766
Investment in subsidiaries		106,675		113,509
Investments in unconsolidated trusts		1,238		1,238
Deferred tax asset, net		169		—
Income taxes receivable from subsidiaries		2,146		2,271
Other assets		4,677		5,113
Total assets	$	138,403	$	141,844

LIABILITIES AND SHAREHOLDERS’ EQUITY

Deferred tax liability, net	$	—	$	2,055
Other payables		2,173		1,856
Junior subordinated debentures		33,738		33,738

Total liabilities		35,911		37,649

Shareholders’ equity		102,492		104,195
Total liabilities and shareholders’ equity	$	138,403	$	141,844

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2015			2014
	(In thousands)
REVENUE
Fee income from subsidiaries	$	7,449		$	7,469
Distributed earnings from subsidiaries		6,750			6,468
Other		571			1,622
Total revenue		14,770			15,559

GENERAL AND ADMINISTRATIVE EXPENSES		13,984			12,478

INTEREST EXPENSE		1,429			1,607
		(643	)		1,474
INCOME TAX BENEFIT⁽¹⁾		(1,514	)		(2,040	)
		871			3,514
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET		3,517			916
NET INCOME	$	4,388		$	4,430

⁽¹⁾

Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company’s income tax benefit results from the utilization of the Parent’s separate return loss to reduce the consolidated taxable income of the Company.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ATLANTIC AMERICAN CORPORATION
(Parent Company Only)

STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2015			2014
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	4,388		$	4,430
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment gains, net		(190	)		(350	)
Gain on purchase of debt securities		—			(750	)
Depreciation and amortization		673			507
Compensation expense related to share awards		365			584
Equity in undistributed earnings of consolidated subsidiaries		(3,517	)		(916	)
Decrease in intercompany taxes		125			2,259
Deferred income tax expense		304			102
Increase (decrease) in other liabilities		317			(164	)
Other, net		(12	)		4
Net cash provided by operating activities		2,453			5,706

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from investments sold, called or matured		2,210			2,106
Investments purchased		(3,956	)		—
Capital contribution to subsidiaries		(200	)		(100	)
Additions to property and equipment		(230	)		(4,127	)
Net cash used in investing activities		(2,176	)		(2,121	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment for debt securities		—			(6,750	)
Redemption of Series D preferred stock		—			(1,000	)
Payment of dividends on Series D preferred stock		(399	)		(471	)
Payment of dividends on common stock		(412	)		(834	)
Proceeds from shares issued under stock plans		47			84
Purchase of shares for treasury		(997	)		(2,603	)
Net cash used in financing activities		(1,761	)		(11,574	)

Net decrease in cash		(1,484	)		(7,989	)
Cash and cash equivalents at beginning of year		5,947			13,936
Cash and cash equivalents at end of year	$	4,463		$	5,947

Supplemental disclosure:
Cash paid for interest	$	1,424		$	1,649
Cash paid for income taxes	$	1,465		$	445
Intercompany tax settlement from subsidiaries	$	2,409		$	4,695

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2015

Schedule III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

Schedule III SUPPLEMENTARY INSURANCE INFORMATION

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INSURANCE INFORMATION

Segment	Deferred Acquisition Costs		Future Policy Benefits, Losses, Claims and Loss Reserves			Unearned Premiums		Other Policy Claims and Benefits Payable
	(In thousands)
December 31, 2015:
Bankers Fidelity	$	25,033	$	84,806		$	3,585	$	1,991
American Southern		2,833		51,200			21,763		—
	$	27,866	$	136,006	⁽¹⁾	$	25,348	$	1,991

December 31, 2014:
Bankers Fidelity	$	24,360	$	82,453		$	3,884	$	2,080
American Southern		2,621		55,017			20,660		—
	$	26,981	$	137,470	⁽²⁾	$	24,544	$	2,080

	⁽¹⁾	Includes future policy benefits of $72,136 and losses and claims of $63,870.
	⁽²⁾	Includes future policy benefits of $70,845 and losses and claims of $66,625.

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTARY INSURANCE INFORMATION

Segment	Premium Revenue		Net Investment Income		Benefits, Claims, Losses and Settlement Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses		Casualty Premiums Written
	(In thousands)
December 31, 2015:
Bankers Fidelity	$	96,384	$	5,149	$	66,318	$	1,439	$	31,366	$	—
American Southern		54,508		4,086		35,046		8,881		8,928		55,611
Other		—		298		—		—		8,251		—
	$	150,892	$	9,533	$	101,364	$	10,320	$	48,545	$	55,611

December 31, 2014:
Bankers Fidelity	$	100,834	$	4,989	$	68,016	$	2,220	$	31,657	$	—
American Southern		52,654		4,429		38,179		8,458		5,987		50,318
Other		—		413		—		—		6,900		—
	$	153,488	$	9,831	$	106,195	$	10,678	$	44,544	$	50,318

Schedule IV REINSURANCE

12 Months Ended

Dec. 31, 2015

Schedule IV REINSURANCE [Abstract]

Schedule IV REINSURANCE

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
REINSURANCE

	Direct Amount		Ceded To Other Companies			Assumed From Other Companies		Net Amounts		Percentage of Amount Assumed To Net
	(Dollars in thousands)
Year ended December 31, 2015:
Life insurance in force	$	267,191	$	(16,843	)	$	—	$	250,348

Premiums —
Bankers Fidelity	$	96,373	$	(44	)	$	55	$	96,384		0.1	%
American Southern		41,063		(4,951	)		18,396		54,508		33.7	%
Total premiums	$	137,436	$	(4,995	)	$	18,451	$	150,892		12.2	%

Year ended December 31, 2014:
Life insurance in force	$	257,988	$	(18,984	)	$	—	$	239,004

Premiums —
Bankers Fidelity	$	100,799	$	(43	)	$	78	$	100,834		0.1	%
American Southern		40,413		(5,847	)		18,088		52,654		34.4	%
Total premiums	$	141,212	$	(5,890	)	$	18,166	$	153,488		11.8	%

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

12 Months Ended

Dec. 31, 2015

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS [Abstract]

Schedule VI SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

ATLANTIC AMERICAN CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY-CASUALTY INSURANCE OPERATIONS

	Deferred Policy Acquisition Costs		Reserves		Unearned Premiums		Earned Premiums		Net Investment Income		Claims and Claim Adjustment Expenses Incurred Related To					Amortization of Deferred Acquisition Costs		Paid Claims and Claim Adjustment Expenses		Premiums Written
Year Ended	Deferred Policy Acquisition Costs		Reserves		Unearned Premiums		Earned Premiums		Net Investment Income		Current Year		Prior Years			Amortization of Deferred Acquisition Costs		Paid Claims and Claim Adjustment Expenses		Premiums Written
	(In thousands)
December 31, 2015	$	2,833	$	51,200	$	21,763	$	54,508	$	4,086	$	35,072	$	(26	)	$	8,881	$	36,298	$	55,611

December 31, 2014	$	2,621	$	55,017	$	20,660	$	52,654	$	4,429	$	38,337	$	(158	)	$	8,458	$	34,336	$	50,318

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) which, for insurance companies, differ in some respects from the statutory accounting practices prescribed or permitted by regulatory authorities. These financial statements include the accounts of Atlantic American Corporation (“Atlantic American” or the “Parent”) and its subsidiaries (collectively with the Parent, the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. Operating results achieved in any historical period are not necessarily indicative of results to be expected in any future period. At December 31, 2015, the Parent owned four insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly-owned subsidiary, Bankers Fidelity Assurance Company (together known as “Bankers Fidelity”), and American Southern Insurance Company and its wholly-owned subsidiary, American Safety Insurance Company (together known as “American Southern”), in addition to one non-insurance subsidiary, xCalibre Risk Services, Inc. The Parent has issued a guarantee of all liabilities of Bankers Fidelity.
Premium Revenue and Cost Recognition	Premium Revenue and Cost Recognition Life insurance premiums are recognized as revenue when due; accident and health insurance premiums are recognized as revenue over the premium paying period and property and casualty insurance premiums are recognized as revenue over the period of the contract in proportion to the amount of insurance protection provided. Benefits and expenses are accrued as incurred and are associated with premiums as they are earned so as to result in recognition of profits over the lives of the contracts. For traditional life insurance and long-duration health insurance, this association is accomplished by the provision of a future policy benefits reserve and the deferral and subsequent amortization of the costs of acquiring business, “deferred policy acquisition costs” (principally commissions, premium taxes, and other incremental direct costs of issuing policies). Deferred policy acquisition costs are amortized over the estimated premium-paying period of the related policies using assumptions consistent with those used in computing the policy benefits reserve. The Company provides for insurance benefits and losses on accident, health, and property-casualty claims based upon estimates of projected ultimate losses. Deferred policy acquisition costs for property and casualty insurance and short-duration health insurance are amortized over the effective period of the related insurance policies. Contingent commissions, if contractually applicable, are ultimately payable to agents based on the underlying profitability of a particular insurance contract or a group of insurance contracts, and are periodically evaluated and accrued as earned. In periods in which revisions are made to the estimated loss reserves related to the particular insurance contract or group of insurance contracts subject to such commissions, corresponding adjustments are also made to the related accruals. Deferred policy acquisition costs are expensed when such costs are deemed not to be recoverable from future premiums (for traditional life and long-duration health insurance) and from the related unearned premiums and investment income (for property and casualty and short-duration health insurance).
Intangibles	Intangibles Intangibles consist of goodwill and other indefinite-lived intangibles. Goodwill represents the excess of cost over the fair value of net assets acquired and is not amortized. Other indefinite-lived intangibles represent the value of licenses and are not amortized. The Company periodically reviews its goodwill and other indefinite-lived intangibles to determine if any adverse conditions exist that could indicate impairment. Conditions that could trigger impairment include, but are not limited to, a significant change in business climate that could affect the value of the related asset, an adverse action, or an assessment by a regulator. No impairment of the Company’s recorded intangibles was identified during the periods presented.
Investments	Investments The Company’s investments in both fixed maturities, which include bonds and redeemable preferred stocks, and equity securities, which include common and non-redeemable preferred stocks, are classified as “available-for-sale” and, accordingly, are carried at fair value with the after-tax difference from amortized cost, as adjusted if applicable, reflected in shareholders’ equity as a component of accumulated other comprehensive income or loss. The fair values for fixed maturities and equity securities are largely determined by either independent methods prescribed by the National Association of Insurance Commissioners (“NAIC”), which do not differ materially from publicly quoted market prices, when available, or independent broker quotations. The Company owns certain fixed maturities that do not have publicly quoted market values, but had an estimated fair value as determined by management of $2,237 at December 31, 2015. Such values inherently involve a greater degree of judgment and uncertainty and therefore ultimately greater price volatility than the value of securities with publicly quoted market values. Policy loans and real estate are carried at historical cost. Other invested assets are comprised of investments in limited partnerships, limited liability companies, and real estate joint ventures, and are accounted for using the equity method. If the value of a common stock, preferred stock, other invested asset, or publicly traded bond declines below its cost or amortized cost, if applicable, and the decline is considered to be other than temporary, a realized loss is recorded to reduce the carrying value of the investment to its estimated fair value, which becomes the new cost basis. The evaluation for an other than temporary impairment is a quantitative and qualitative process, which is subject to risks and uncertainties in the determination of whether declines in the fair value of investments are other than temporary. Potential risks and uncertainties include, among other things, changes in general economic conditions, an issuer’s financial condition or near term recovery prospects and the effects of changes in interest rates. In evaluating a potential impairment, the Company considers, among other factors, management’s intent and ability to hold the securities until price recovery, the nature of the investment and the expectation of prospects for the issuer and its industry, the status of an issuer’s continued satisfaction of its obligations in accordance with their contractual terms, and management’s expectation as to the issuer’s ability and intent to continue to do so, as well as ratings actions that may affect the issuer’s credit status. Premiums and discounts related to investments are amortized or accreted over the life of the related investment as an adjustment to yield using the effective interest method. Dividends and interest income are recognized when earned or declared. The cost of securities sold is based on specific identification. Unrealized gains (losses) in the value of invested assets are accounted for as a direct increase (decrease) in accumulated other comprehensive income in shareholders’ equity, net of deferred tax and, accordingly, have no effect on net income.
Income Taxes	Income Taxes Deferred income taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax basis of assets and liabilities and are adjusted for changes in tax laws and tax rates as those changes are enacted. The provision for income taxes represents the total amount of income taxes due related to the current year, plus the change in deferred income taxes during the year. A valuation allowance is recognized if, based on management’s assessment of the relevant facts, it is more likely than not that some portion of a deferred tax asset will not be realized.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period. Diluted earnings per common share are based on the weighted average number of common and participating shares outstanding during the relevant period, plus options outstanding, if applicable, using the treasury stock method and the assumed conversion of the Series D preferred stock, if dilutive. Unless otherwise indicated, earnings per common share amounts are presented on a diluted basis.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and investments in short-term, highly liquid securities with original maturities of three months or less from date of purchase.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018 and requires a modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact on our consolidated financial statements upon the adoption of this guidance. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”). ASU 2016-01 provides updated guidance for the recognition and measurement of financial instruments. The new guidance will require investments in equity securities to be measured at fair value with changes in fair value reported in net income except for those equity securities that result in consolidation or are accounted for under the equity method of accounting. Under existing guidance, the Company measures investments in equity securities, available-for-sale, at fair value with changes in fair value reported in accumulated other comprehensive income. The Company is required to adopt the guidance effective January 1, 2018 through a cumulative effect adjustment to retained earnings. Early adoption is not allowed. The impact on the Company’s consolidated financial statements will depend on the composition of the Company’s investment portfolio on the date of adoption. As of December 31, 2015, equity securities available-for-sale totaled $23,131, with unrealized gains of $12,178 in accumulated other comprehensive income that would have been classified in retained earnings. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This amendment defers the effective date of the previously issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), until the interim and annual reporting periods beginning after December 15, 2017. Earlier adoption is permitted for interim and annual reporting periods beginning after December 15, 2016. ASU 2014-09 provides updated guidance for recognizing revenue. The guidance excludes insurance contracts and financial instruments. Revenue is to be recognized when, or as, goods or services are transferred to customers in an amount that reflects the consideration that an entity is expected to be entitled in exchange for those goods or services. The Company is currently evaluating the impact on our consolidated financial statements upon the adoption of this guidance. In May 2015, the FASB issued ASU No. 2015-09, Financial Services – Insurance (Topic 944): Disclosures about Short-Duration Contracts(“ASU 2015-09”). The main objective of ASU 2015-09 is to enhance disclosures about the liability for unpaid claims and claim adjustment expenses, specifically the development of claims, the frequency and severity of claims, and expanded disclosures about reserves that are discounted. ASU 2015-09 will also require insurance entities to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses, including reasons for the change and effects on the financial statements. The amendments in ASU 2015-09 are effective for annual reporting periods beginning after December 15, 2015, and interim reporting periods within annual reporting periods beginning after December 15, 2016. Since ASU 2015-09 is a disclosure only update, the Company does not expect its adoption to have an impact on the Company’s financial condition or results of operations.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Significant estimates and assumptions are used in developing and evaluating deferred income taxes, deferred acquisition costs, insurance reserves, investments, and receivables, among others, and actual results could differ materially from management’s estimates.

Investments (Tables)

12 Months Ended

Dec. 31, 2015

Investments [Abstract ]

Schedule of investments aggregated by type and industry

Investments were comprised of the following:

	2015
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,234	$	290	$	175	$	22,119
Obligations of states and political subdivisions		25,479		621		552		25,410
Corporate securities:
Utilities and telecom		17,589		1,357		692		16,924
Financial services		54,035		1,797		1,351		53,589
Other business – diversified		60,960		729		5,898		66,129
Other consumer – diversified		24,581		136		1,391		25,836
Total corporate securities		157,165		4,019		9,332		162,478
Redeemable preferred stocks:
Financial services		253		3		—		250
Other consumer – diversified		193		—		—		193
Total redeemable preferred stocks		446		3		—		443
Total fixed maturities		205,324		4,933		10,059		210,450
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,386		422		—		964
Financial services		5,175		847		—		4,328
Other business – diversified		198		151		—		47
Other consumer – diversified		16,372		10,758		—		5,614
Total equity securities		23,131		12,178		—		10,953
Other invested assets		6,454		—		—		6,454
Policy loans		2,200		—		—		2,200
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	238,385	$	17,111	$	10,059	$	231,333

	2014
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	33,898	$	1,459	$	30	$	32,469
Obligations of states and political subdivisions		11,459		681		—		10,778
Corporate securities:
Utilities and telecom		13,980		2,355		—		11,625
Financial services		59,224		3,404		588		56,408
Other business – diversified		70,139		2,076		1,830		69,893
Other consumer – diversified		25,388		332		547		25,603
Total corporate securities		168,731		8,167		2,965		163,529
Redeemable preferred stocks:
Financial services		608		8		—		600
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		800		8		—		792
Total fixed maturities		214,888		10,315		2,995		207,568
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,403		439		—		964
Financial services		6,083		739		—		5,344
Other business – diversified		226		179		—		47
Other consumer – diversified		11,212		5,598		—		5,614
Total equity securities		18,924		6,955		—		11,969
Other invested assets		2,995		—		—		2,995
Policy loans		2,202		—		—		2,202
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	240,285	$	17,270	$	2,995	$	226,010

Schedule of investments aggregated by industry

The following table sets forth the carrying value, amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2015 and 2014.

	2015							2014
	Carrying Value		Amortized Cost		Unrealized Gains (Losses)			Carrying Value		Amortized Cost		Unrealized Gains
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,234	$	22,119	$	115		$	33,898	$	32,469	$	1,429
Obligations of states and political subdivisions		25,479		25,410		69			11,459		10,778		681
Utilities and telecom		18,975		17,888		1,087			15,383		12,589		2,794
Financial services		59,463		58,167		1,296			65,915		62,352		3,563
Other business – diversified		61,158		66,176		(5,018	)		70,365		69,940		425
Other consumer – diversified		41,146		31,643		9,503			36,792		31,409		5,383
Other investments		9,930		9,930		—			6,473		6,473		—
Investments	$	238,385	$	231,333	$	7,052		$	240,285	$	226,010	$	14,275

Schedule of investment securities with continuous unrealized loss position

	2015
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	9,209	$	120	$	2,243	$	55	$	11,452	$	175
Obligations of states and political subdivisions		16,079		552		—		—		16,079		552
Corporate securities		79,482		4,284		16,131		5,048		95,613		9,332
Total temporarily impaired securities	$	104,770	$	4,956	$	18,374	$	5,103	$	123,144	$	10,059

	2014
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	3,695	$	7	$	2,692	$	23	$	6,387	$	30
Corporate securities		43,996		1,604		9,293		1,361		53,289		2,965
Total temporarily impaired securities	$	47,691	$	1,611	$	11,985	$	1,384	$	59,676	$	2,995

Schedule of other than temporary impairments

During the years ended December 31, 2015 and 2014, the Company recorded other than temporary impairments related to the following investments.

	2015			2014
Common and non-redeemable preferred stocks	$	—		$	196

Financial instruments carried at fair value measured on a recurring basis

As of December 31, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	203,087		$	2,237	⁽¹⁾	$	205,324
Equity securities		18,245		4,886	⁽¹⁾		—			23,131
Cash equivalents		13,772		—			—			13,772
Total	$	32,017	$	207,973		$	2,237		$	242,227

⁽¹⁾

All underlying securities are financial service industry related.

As of December 31, 2014, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	212,674		$	2,214	⁽¹⁾	$	214,888
Equity securities		13,148		5,776	⁽¹⁾		—			18,924
Cash equivalents		15,009		—			—			15,009
Total	$	28,157	$	218,450		$	2,214		$	248,821

⁽¹⁾

All underlying securities are financial service industry related.

Roll-forward of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

	Fixed Maturities
Balance, January 1, 2014	$	1,991
Total unrealized gains included in other comprehensive income		223
Balance, December 31, 2014		2,214
Total unrealized gains included in other comprehensive loss		23
Balance, December 31, 2015	$	2,237

Amortized cost and carrying value of fixed maturities by contractual maturity

	2015				2014
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	4,143	$	4,113	$	1,000	$	1,000
Due after one year through five years		20,557		20,591		16,523		15,891
Due after five years through ten years		99,614		103,066		114,620		112,381
Due after ten years		79,882		81,684		64,990		61,704
Varying maturities		1,128		996		17,755		16,592
Totals	$	205,324	$	210,450	$	214,888	$	207,568

Investment income earned

Investment income was earned from the following sources:

	2015			2014
Fixed maturities	$	9,327		$	9,720
Equity securities		488			510
Other		270			137
Total investment income		10,085			10,367
Less investment expenses, included in other expenses		(552	)		(536	)
Net investment income	$	9,533		$	9,831

Summary of realized investment gains (losses)

A summary of realized investment gains (losses) follows:

	2015
	Fixed Maturities			Equity Securities			Other Invested Assets		Total
Gains	$	2,347		$	—		$	3,154	$	5,501
Losses		(628	)		(16	)		—		(644	)
Realized investment gains, net	$	1,719		$	(16	)	$	3,154	$	4,857

	2014
	Fixed Maturities			Equity Securities			Other Invested Assets		Total
Gains	$	2,449		$	—		$	—	$	2,449
Losses		(665	)		(213	)		—		(878	)
Realized investment gains, net	$	1,784		$	(213	)	$	—	$	1,571

Proceeds from sales of investments

Proceeds from the sales of investments were as follows:

	2015		2014
Fixed maturities	$	80,995	$	75,244
Other investments		3,878		197
Total proceeds	$	84,873	$	75,441

Insurance Reserves and Policyholder Funds (Tables)

12 Months Ended

Dec. 31, 2015

Insurance Reserves And Policyholder Funds [Abstract]

Reserves for life, accident, health and property and casualty losses, including loss adjustment expenses

The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses.

					Amount of Insurance In Force, Net
	2015		2014		2015		2014
Future policy benefits
Life insurance policies:
Ordinary	$	54,130	$	53,555	$	247,590	$	235,856
Mass market		2,205		2,475		2,758		3,148
Individual annuities		103		130		—		—
		56,438		56,160	$	250,348	$	239,004
Accident and health insurance policies		15,698		14,685
		72,136		70,845
Unearned premiums		25,348		24,544
Losses, claims and loss adjustment expenses		63,870		66,625
Other policy liabilities		1,991		2,080
Total insurance reserves and policyholder funds	$	163,345	$	164,094

Summary of activity in liabilities for unpaid loss and claim reserved

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2015			2014
Balance at January 1	$	66,625		$	63,018
Less: Reinsurance receivable on unpaid losses		(14,302	)		(14,314	)
Net balance at January 1		52,323			48,704

Incurred related to:
Current year		99,447			104,225
Prior years		(701	)		(483	)
Total incurred		98,746			103,742

Paid related to:
Current year		68,159			72,443
Prior years		30,781			27,680
Total paid		98,940			100,123
Net balance at December 31		52,129			52,323
Plus: Reinsurance receivable on unpaid losses		11,741			14,302
Balance at December 31	$	63,870		$	66,625

Reconciliation of total incurred claims to total insurance benefits and losses

Following is a reconciliation of total incurred claims to total insurance benefits and losses incurred:

	2015		2014
Total incurred claims	$	98,746	$	103,742
Cash surrender value and matured endowments		1,390		1,574
Benefit reserve changes		1,228		879
Total insurance benefits and losses incurred	$	101,364	$	106,195

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2015

Reinsurance [Abstract]

Effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2015			2014
Direct premiums written	$	138,035		$	138,276
Assumed premiums written		18,656			18,231
Ceded premiums written		(4,995	)		(5,890	)
Net premiums written	$	151,696		$	150,617

Direct premiums earned	$	137,436		$	141,212
Assumed premiums earned		18,451			18,166
Ceded premiums earned		(4,995	)		(5,890	)
Net premiums earned	$	150,892		$	153,488

Provision for benefits and losses incurred	$	104,286		$	110,912
Reinsurance loss recoveries		(2,922	)		(4,717	)
Insurance benefits and losses incurred	$	101,364		$	106,195

Components of reinsurance receivables

Components of reinsurance receivables were as follows:

	2015		2014
Receivable on unpaid losses	$	11,741	$	14,302
Receivable on paid losses		18		46
Total reinsurance receivables	$	11,759	$	14,348

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Allocation of total income taxes

Total income taxes were allocated as follows:

	2015			2014
Total tax expense on income	$	1,320		$	474

Tax expense (benefit) on components of shareholders’ equity:
Net unrealized gains (losses) on investment securities		(2,528	)		1,656
Total tax expense (benefit)	$	(1,208	)	$	2,130

Reconciliation of income tax expense

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and the income tax expense is as follows:

	2015			2014
Federal income tax provision at statutory rate of 35%	$	1,998		$	1,717
Dividends-received deduction		(99	)		(115	)
Small life insurance company deduction		(582	)		(600	)
Other		42			53
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets		—			(651	)
Adjustment for prior years’ estimates to actual		(39	)		70
Income tax expense	$	1,320		$	474

Deferred tax liabilities and assets

Deferred tax liabilities and assets at December 31, 2015 and 2014 were comprised of the following:

	2015			2014
Deferred tax liabilities:
Deferred acquisition costs	$	(2,623	)	$	(2,832	)
Deferred and uncollected premiums		(677	)		(704	)
Net unrealized investment gains		(2,469	)		(4,997	)
Other		(642	)		(37	)
Total deferred tax liabilities		(6,411	)		(8,570	)
Deferred tax assets:
Net operating loss carryforwards		—			20
Insurance reserves		4,522			4,676
Impaired assets		1,474			1,474
Alternative minimum tax credit		504			239
Bad debts and other		740			766
Total deferred tax assets		7,240			7,175
Net deferred tax asset (liability)	$	829		$	(1,395	)

Components of income tax expense

The components of income tax expense were:

	2015		2014
Current - Federal	$	1,016	$	372
Deferred - Federal		304		753
Change in deferred tax asset valuation allowance		—		(651	)
Total	$	1,320	$	474

Junior Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2015

Junior Subordinated Debentures [Abstract]

Financial structure of statutory business trusts

The financial structure of each of Atlantic American Statutory Trust I and II, as of December 31, 2015 and 2014, was as follows:

	Atlantic American Statutory Trust I	Atlantic American Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES⁽¹⁾⁽²⁾
Principal amount owed	$18,042	$23,196
Balance December 31, 2015	$18,042	$23,196
Less: Treasury debt⁽³⁾	—	(7,500)
Net balance December 31, 2015	$18,042	$15,696
Net balance December 31, 2014	$18,042	$15,696
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Interest payable	Quarterly	Quarterly
Maturity date	December 4, 2032	May 15, 2033
Redeemable by issuer	Yes	Yes
TRUST PREFERRED SECURITIES
Issuance date	December 4, 2002	May 15, 2003
Securities issued	17,500	22,500
Liquidation preference per security	$ 1	$ 1
Liquidation value	$17,500	$22,500
Coupon rate	LIBOR + 4.00%	LIBOR + 4.10%
Distribution payable	Quarterly	Quarterly
Distribution guaranteed by⁽⁴⁾	Atlantic American Corporation	Atlantic American Corporation

⁽¹⁾

⁽²⁾

⁽³⁾

⁽⁴⁾

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Common Share [Abstract]

Reconciliation of numerator and denominator used in earnings per common share calculations

A reconciliation of the numerator and denominator of the earnings per common share calculations is as follows:

	For the Year Ended December 31, 2015
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,388			20,566
Less preferred stock dividends		(399	)		—
Net income applicable to common shareholders	$	3,989			20,566	$	.19

	For the Year Ended December 31, 2014
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	4,430			20,818
Less preferred stock dividends		(468	)		—
Net income applicable to common shareholders	$	3,962			20,818	$	.19

Statutory Reporting (Tables)

12 Months Ended

Dec. 31, 2015

Statutory Reporting [Abstract]

Reported statutory net income and surplus for the Parent's insurance subsidiaries

The amount of reported statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 was as follows:

	2015		2014
Life and Health, net income	$	4,147	$	2,738
Property and Casualty, net income		5,290		4,813
Statutory net income	$	9,437	$	7,551

Life and Health, surplus	$	35,322	$	34,004
Property and Casualty, surplus		38,308		39,012
Statutory surplus	$	73,630	$	73,016

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

Revenue and income (loss) before tax for each business unit

Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Information [Abstract]

	2015
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	54,508		$	96,384		$	—		$	—		$	150,892
Insurance benefits and losses incurred		35,046			66,318			—			—			101,364
Expenses deferred		(9,093	)		(2,112	)		—			—			(11,205	)
Amortization and depreciation expense		9,057			1,707			673			—			11,437
Other expenses		17,845			33,210			16,789			(9,211	)		58,633
Total expenses		52,855			99,123			17,462			(9,211	)		160,229
Underwriting income (loss)		1,653			(2,739	)
Investment income		4,107			5,680			2,060			(1,762	)		10,085
Other income		10			10			7,532			(7,449	)		103
Operating income (loss)		5,770			2,951			(7,870	)		—			851
Net realized gains		872			3,795			190			—			4,857
Income (loss) before income taxes	$	6,642		$	6,746		$	(7,680	)	$	—		$	5,708
Total revenues	$	59,497		$	105,869		$	9,782		$	(9,211	)	$	165,937
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	123,445		$	160,964		$	136,869		$	(106,675	)	$	314,603

	2014
	American Southern			Bankers Fidelity			Corporate & Other			Adjustments & Eliminations			Consolidated
Insurance premiums	$	52,654		$	100,834		$	—		$	—		$	153,488
Insurance benefits and losses incurred		38,179			68,016			—			—			106,195
Expenses deferred		(7,845	)		(2,305	)		—			—			(10,150	)
Amortization and depreciation expense		8,646			2,457			507			—			11,610
Other expenses		13,644			33,725			15,601			(9,208	)		53,762
Total expenses		52,624			101,893			16,108			(9,208	)		161,417
Underwriting income (loss)		30			(1,059	)
Investment income		4,447			5,507			2,152			(1,739	)		10,367
Other income		8			11			7,595			(7,469	)		145
Operating income (loss)		4,485			4,459			(6,361	)		—			2,583
Net realized gains		527			694			350			—			1,571
Gain on purchase of debt securities		—			—			750			—			750
Income (loss) before income taxes	$	5,012		$	5,153		$	(5,261	)	$	—		$	4,904
Total revenues	$	57,636		$	107,046		$	10,847		$	(9,208	)	$	166,321
Intangibles	$	1,350		$	1,194		$	—		$	—		$	2,544
Total assets	$	129,517		$	161,729		$	139,271		$	(113,509	)	$	317,008

Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Disclosures About Fair Value of Financial Instruments [Abstract]

Carrying amount, estimated fair value and level within the fair value hierarchy of financial instruments

	Level in Fair Value Hierarchy ⁽¹⁾	2015				2014
	Level in Fair Value Hierarchy ⁽¹⁾	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	Level 1	$	15,622	$	15,622	$	16,375	$	16,375
Fixed maturities	⁽¹⁾		205,324		205,324		214,888		214,888
Equity securities	⁽¹⁾		23,131		23,131		18,924		18,924
Other invested assets	Level 3		6,454		7,070		2,995		2,995
Policy loans	Level 2		2,200		2,200		2,202		2,202
Real estate	Level 2		38		38		38		38
Investments in unconsolidated trusts	Level 2		1,238		1,238		1,238		1,238

Liabilities:
Junior Subordinated Debentures, net	Level 2		33,738		33,738		33,738		33,738

⁽¹⁾

See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) Subsidiary	Dec. 31, 2014 USD ($)
Principles of Consolidation [Abstract]
Number of insurance subsidiaries owned by the parent \| Subsidiary	4
Number of non-insurance subsidiaries owned by the parent \| Subsidiary	1
Investments [Abstract]
Estimated fair value	$ 2,237
Recently Issued Accounting Standards [Abstract]
Carrying Value	238,385	$ 240,285
Gross Unrealized Gains	17,111	17,270
Equity securities [Member]
Recently Issued Accounting Standards [Abstract]
Carrying Value	23,131	18,924
Gross Unrealized Gains	$ 12,178	$ 6,955

Investments (Details) $ in Thousands	12 Months Ended
Investments (Details) $ in Thousands	Dec. 31, 2015 USD ($) Securities Issuer	Dec. 31, 2014 USD ($)
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	$ 238,385	$ 240,285
Gross Unrealized Gains	17,111	17,270
Gross Unrealized Losses	10,059	2,995
Amortized Cost	231,333	226,010
Amortized cost of bonds on deposit with insurance regulatory authorities	$ 11,259	10,615
Number of securities in unrealized loss position \| Securities	97
U.S. Treasury securities and obligations of U.S. Government agencies and authorities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	$ 22,234	33,898
Amortized Cost	22,119	32,469
Obligations of states and political subdivisions [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	25,479	11,459
Amortized Cost	25,410	10,778
Utilities and telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	18,975	15,383
Amortized Cost	17,888	12,589
Financial services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	59,463	65,915
Amortized Cost	58,167	62,352
Other business - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	61,158	70,365
Amortized Cost	66,176	69,940
Other consumer - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	41,146	36,792
Amortized Cost	31,643	31,409
Fixed maturities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	205,324	214,888
Gross Unrealized Gains	4,933	10,315
Gross Unrealized Losses	10,059	2,995
Amortized Cost	210,450	207,568
Fixed maturities [Member] \| Oil and Gas Properties [Member]
Schedule of investments aggregated by type and industry [Abstract]
Gross Unrealized Losses	$ 4,250
Fixed maturity investments, number of issuers \| Issuer	13
Fixed maturities [Member] \| Bonds [Member] \| U.S. Treasury securities and obligations of U.S. Government agencies and authorities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	$ 22,234	33,898
Gross Unrealized Gains	290	1,459
Gross Unrealized Losses	175	30
Amortized Cost	22,119	32,469
Fixed maturities [Member] \| Bonds [Member] \| Obligations of states and political subdivisions [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	25,479	11,459
Gross Unrealized Gains	621	681
Gross Unrealized Losses	552	0
Amortized Cost	25,410	10,778
Fixed maturities [Member] \| Corporate securities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	157,165	168,731
Gross Unrealized Gains	4,019	8,167
Gross Unrealized Losses	9,332	2,965
Amortized Cost	162,478	163,529
Fixed maturities [Member] \| Corporate securities [Member] \| Utilities and telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	17,589	13,980
Gross Unrealized Gains	1,357	2,355
Gross Unrealized Losses	692	0
Amortized Cost	16,924	11,625
Fixed maturities [Member] \| Corporate securities [Member] \| Financial services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	54,035	59,224
Gross Unrealized Gains	1,797	3,404
Gross Unrealized Losses	1,351	588
Amortized Cost	53,589	56,408
Fixed maturities [Member] \| Corporate securities [Member] \| Other business - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	60,960	70,139
Gross Unrealized Gains	729	2,076
Gross Unrealized Losses	5,898	1,830
Amortized Cost	66,129	69,893
Fixed maturities [Member] \| Corporate securities [Member] \| Other consumer - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	24,581	25,388
Gross Unrealized Gains	136	332
Gross Unrealized Losses	1,391	547
Amortized Cost	25,836	25,603
Fixed maturities [Member] \| Redeemable preferred stocks [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	446	800
Gross Unrealized Gains	3	8
Gross Unrealized Losses	0	0
Amortized Cost	443	792
Fixed maturities [Member] \| Redeemable preferred stocks [Member] \| Financial services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	253	608
Gross Unrealized Gains	3	8
Gross Unrealized Losses	0	0
Amortized Cost	250	600
Fixed maturities [Member] \| Redeemable preferred stocks [Member] \| Other consumer - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	193	192
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	193	192
Equity securities [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	23,131	18,924
Gross Unrealized Gains	12,178	6,955
Gross Unrealized Losses	0	0
Amortized Cost	10,953	11,969
Equity securities [Member] \| Common and non-redeemable preferred stocks [Member] \| Utilities and telecom [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	1,386	1,403
Gross Unrealized Gains	422	439
Gross Unrealized Losses	0	0
Amortized Cost	964	964
Equity securities [Member] \| Common and non-redeemable preferred stocks [Member] \| Financial services [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	5,175	6,083
Gross Unrealized Gains	847	739
Gross Unrealized Losses	0	0
Amortized Cost	4,328	5,344
Equity securities [Member] \| Common and non-redeemable preferred stocks [Member] \| Other business - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	198	226
Gross Unrealized Gains	151	179
Gross Unrealized Losses	0	0
Amortized Cost	47	47
Equity securities [Member] \| Common and non-redeemable preferred stocks [Member] \| Other consumer - diversified [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	16,372	11,212
Gross Unrealized Gains	10,758	5,598
Gross Unrealized Losses	0	0
Amortized Cost	5,614	5,614
Other invested assets [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	6,454	2,995
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	6,454	2,995
Policy loans [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	2,200	2,202
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	2,200	2,202
Real estate [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	38	38
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	38	38
Investments in unconsolidated trusts [Member]
Schedule of investments aggregated by type and industry [Abstract]
Carrying Value	1,238	1,238
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Amortized Cost	$ 1,238	$ 1,238

Investments, Part II (Details) - USD ($) $ in Thousands	12 Months Ended
Investments, Part II (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of investments aggregated by industry [Abstract]
Carrying Value	$ 238,385	$ 240,285
Amortized Cost	231,333	226,010
Unrealized Gains (Losses)	7,052	14,275
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	104,770	47,691
12 months or longer	18,374	11,985
Total Fair Value	123,144	59,676
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	4,956	1,611
12 months or longer	5,103	1,384
Total Unrealized Losses	10,059	2,995
U.S. Treasury securities and obligations of U.S. Government agencies and authorities [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	22,234	33,898
Amortized Cost	22,119	32,469
Unrealized Gains (Losses)	115	1,429
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	9,209	3,695
12 months or longer	2,243	2,692
Total Fair Value	11,452	6,387
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	120	7
12 months or longer	55	23
Total Unrealized Losses	175	30
Obligations of states and political subdivisions [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	25,479	11,459
Amortized Cost	25,410	10,778
Unrealized Gains (Losses)	69	681
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	16,079
12 months or longer	0
Total Fair Value	16,079
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	552
12 months or longer	0
Total Unrealized Losses	552
Utilities and telecom [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	18,975	15,383
Amortized Cost	17,888	12,589
Unrealized Gains (Losses)	1,087	2,794
Financial services [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	59,463	65,915
Amortized Cost	58,167	62,352
Unrealized Gains (Losses)	1,296	3,563
Other business - diversified [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	61,158	70,365
Amortized Cost	66,176	69,940
Unrealized Gains (Losses)	(5,018)	425
Other consumer - diversified [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	41,146	36,792
Amortized Cost	31,643	31,409
Unrealized Gains (Losses)	9,503	5,383
Other investments [Member]
Schedule of investments aggregated by industry [Abstract]
Carrying Value	9,930	6,473
Amortized Cost	9,930	6,473
Unrealized Gains (Losses)	0	0
Corporate securities [Member]
Available-for-sale securities, continuous unrealized loss position, Fair Value [Abstract]
Less than 12 months	79,482	43,996
12 months or longer	16,131	9,293
Total Fair Value	95,613	53,289
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses [Abstract]
Less than 12 months	4,284	1,604
12 months or longer	5,048	1,361
Total Unrealized Losses	9,332	2,965
Common and non-redeemable preferred stocks [Member]
Schedule of Other Than Temporary Impairments [Abstract]
Investment impairments	$ 0	$ 196

Investments, Part IV (Details) - Fixed maturities [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Assets measured at fair value on a recurring basis [Abstract]
Balance, beginning of period	$ 2,214	$ 1,991
Total unrealized gains included in comprehensive income (loss)	23	223
Balance, end of period	$ 2,237	$ 2,214

Investments, Part V (Details) - USD ($) $ in Thousands	12 Months Ended
Investments, Part V (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Carrying Value [Abstract]
Due in one year or less	$ 4,143	$ 1,000
Due after one year through five years	20,557	16,523
Due after five years through ten years	99,614	114,620
Due after ten years	79,882	64,990
Varying maturities	1,128	17,755
Totals	205,324	214,888
Amortized Cost [Abstract]
Due in one year or less	4,113	1,000
Due after one year through five years	20,591	15,891
Due after five years through ten years	103,066	112,381
Due after ten years	81,684	61,704
Varying maturities	996	16,592
Totals	210,450	207,568
Investment income earned [Abstract]
Total investment income	10,085	10,367
Less investment expenses, included in other expenses	(552)	(536)
Net investment income	9,533	9,831
Summary of realized investment gains (losses) [Abstract]
Gains	5,501	2,449
Losses	(644)	(878)
Realized investment gains (losses), net	4,857	1,571
Proceeds from sales of investments [Abstract]
Total proceeds	$ 84,873	75,441
Percentage of investment grade securities in bond portfolio	82.00%
Fixed maturities [Member]
Investment income earned [Abstract]
Total investment income	$ 9,327	9,720
Summary of realized investment gains (losses) [Abstract]
Gains	2,347	2,449
Losses	(628)	(665)
Realized investment gains (losses), net	1,719	1,784
Proceeds from sales of investments [Abstract]
Total proceeds	80,995	75,244
Equity securities [Member]
Investment income earned [Abstract]
Total investment income	488	510
Summary of realized investment gains (losses) [Abstract]
Gains	0	0
Losses	(16)	(213)
Realized investment gains (losses), net	(16)	(213)
Other investments [Member]
Investment income earned [Abstract]
Total investment income	270	137
Summary of realized investment gains (losses) [Abstract]
Gains	3,154	0
Losses	0	0
Realized investment gains (losses), net	3,154	0
Proceeds from sales of investments [Abstract]
Total proceeds	$ 3,878	$ 197

Insurance Reserves and Policyholder Funds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 72,136	$ 70,845
Amount of Insurance In Force, Net			250,348	239,004
Unearned premiums			25,348	24,544
Losses, claims and loss adjustment expenses	$ 66,625	$ 66,625	63,870	66,625
Other policy liabilities			1,991	2,080
Total insurance reserves and policyholder funds			163,345	164,094
Annualized premiums for accident and health insurance policies	87,480	88,956
Summary of activity in liability for unpaid loss and claim reserves [Abstract]
Balance at January 1	66,625	63,018
Less: Reinsurance receivable on unpaid losses	(14,302)	(14,314)
Net balance at January 1	52,323	48,704
Incurred related to [Abstract]
Current year	99,447	104,225
Prior years	(701)	(483)
Total incurred	98,746	103,742
Paid related to [Abstract]
Current year	68,159	72,443
Prior years	30,781	27,680
Total paid	98,940	100,123
Net balance at December 31	52,129	52,323
Plus: Reinsurance receivable on unpaid losses	11,741	14,302
Balance at December 31	63,870	66,625
Reconciliation of total incurred claims to total insurance benefits and losses incurred [Abstract]
Total incurred claims	98,746	103,742
Cash surrender value and matured endowments	1,390	1,574
Benefit reserve changes	1,228	879
Total insurance benefits and losses incurred	$ 101,364	$ 106,195
Ordinary [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			54,130	53,555
Amount of Insurance In Force, Net			247,590	235,856
Mass market [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			2,205	2,475
Amount of Insurance In Force, Net			2,758	3,148
Individual annuities [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			103	130
Amount of Insurance In Force, Net			0	0
Life insurance segment [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			56,438	56,160
Amount of Insurance In Force, Net			250,348	239,004
Accident and health insurance segment [Member]
Reserves for life, accident and health [Abstract]
Future policy benefits			$ 15,698	$ 14,685
Life, accident and health insurance [Member] \| Prior to 1977 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	prior to 1977
Life, accident and health insurance [Member] \| Prior to 1977 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	2.50%
Life, accident and health insurance [Member] \| Prior to 1977 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] \| 1977 through 1979 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1977 through 1979
Life, accident and health insurance [Member] \| 1977 through 1979 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.50%
Life, accident and health insurance [Member] \| 1977 through 1979 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] \| 1980 through 1987 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	9.00%
Policy issue range for future benefits assumptions	1980 through 1987
Life, accident and health insurance [Member] \| 1988 through 2009 [Member]
Future policy benefits [Abstract]
Policy issue range for future benefits assumptions	1988 through 2009
Life, accident and health insurance [Member] \| 1988 through 2009 [Member] \| Minimum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	5.00%
Life, accident and health insurance [Member] \| 1988 through 2009 [Member] \| Maximum [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	7.00%
Life, accident and health insurance [Member] \| 2010 through 2012 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	4.00%
Policy issue range for future benefits assumptions	2010 through 2012 issues
Life, accident and health insurance [Member] \| 2013 through 2015 [Member]
Future policy benefits [Abstract]
Interest rates assumed for future policy benefits	3.50%
Policy issue range for future benefits assumptions	2013 through 2015 issues

Reinsurance (Details) $ in Thousands	12 Months Ended
Reinsurance (Details) $ in Thousands	Dec. 31, 2015 USD ($) Reinsurer	Dec. 31, 2014 USD ($)
Ceded Credit Risk [Line Items]
Reinsurance receivables due from reinsurers	99.00%
Number of reinsurers \| Reinsurer	2
Summary reconciliation of premiums written and premiums earned [Abstract]
Direct premiums written	$ 138,035	$ 138,276
Assumed premiums written	18,656	18,231
Ceded premiums written	(4,995)	(5,890)
Net premiums written	151,696	150,617
Direct premiums earned	137,436	141,212
Assumed premiums earned	18,451	18,166
Ceded premiums earned	(4,995)	(5,890)
Net premiums earned	150,892	153,488
Provision for benefits and losses incurred	104,286	110,912
Reinsurance loss recoveries	(2,922)	(4,717)
Total insurance benefits and losses incurred	101,364	106,195
Components of reinsurance receivables [Abstract]
Receivable on unpaid losses	11,741	14,302
Receivable on paid losses	18	46
Total reinsurance receivables	11,759	$ 14,348
Swiss Reinsurance Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance receivables due	300
General Reinsurance Corporation [Member]
Ceded Credit Risk [Line Items]
Reinsurance receivables due	$ 11,339

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Allocation of total income taxes [Abstract]
Total tax expense on income	$ 1,320	$ 474
Tax expense (benefit) on components of shareholders' equity: [Abstract]
Net unrealized gains (losses) on investment securities	(2,528)	1,656
Total tax expense (benefit)	(1,208)	2,130
Reconciliation of income tax (benefit) expense [Abstract]
Federal income tax provision at statutory rate of 35%	1,998	1,717
Dividends-received deduction	(99)	(115)
Small life insurance company deduction	(582)	(600)
Other	42	53
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets	0	(651)
Adjustment for prior years' estimates to actual	(39)	70
Income tax expense	$ 1,320	474
Federal statutory income tax rate	35.00%
SLD as percentage of life insurance company taxable income	60.00%
Percentage of reduction in SLD	15.00%
Minimum tentative amount of LICTI	$ 3,000
Maximum tentative amount of LICTI	15,000
Deferred tax liabilities [Abstract]
Deferred acquisition costs	(2,623)	(2,832)
Deferred and uncollected premiums	(677)	(704)
Net unrealized investment gains	(2,469)	(4,997)
Other	(642)	(37)
Total deferred tax liabilities	(6,411)	(8,570)
Deferred tax assets [Abstract]
Net operating loss carryforwards	0	20
Insurance reserves	4,522	4,676
Impaired assets	1,474	1,474
Alternative minimum tax credit	504	239
Bad debts and other	740	766
Total deferred tax assets	7,240	7,175
Net deferred tax asset	829	0
Net deferred tax (liability)	0	(1,395)
Components of income tax expense [Abstract]
Current - Federal	1,016	372
Deferred - Federal	304	753
Change in deferred tax asset valuation allowance	0	(651)
Income tax expense	$ 1,320	$ 474

Junior Subordinated Debentures (Details)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2015

USD ($)

Trust

Quarter

$ / shares

Dec. 31, 2014

USD ($)

Debt Instrument [Line Items]

Number of Connecticut statutory business trusts | Trust

Financial structure of statutory business trusts [Abstract]

Net balance December 31, 2015

$ 33,738

Net balance December 31, 2014

33,738

Consideration tendered upon settlement of Junior Subordinated Debentures

6,750

Gain on settlement of Junior Subordinated Debentures

$ 0

750

JUNIOR SUBORDINATED DEBENTURES [Member]

Financial structure of statutory business trusts [Abstract]

Consideration tendered upon settlement of Junior Subordinated Debentures

6,750

Gain on settlement of Junior Subordinated Debentures

750

Number of consecutive quarters for which interest payments can be deferred | Quarter

Atlantic American Statutory Trust I [Member] | JUNIOR SUBORDINATED DEBENTURES [Member]

Financial structure of statutory business trusts [Abstract]

Principal amount owed

^[1],[2]

$ 18,042

Balance December 31, 2015

^[1],[2]

18,042

Less: Treasury debt

^[1],[2],[3]

Net balance December 31, 2015

^[1],[2]

18,042

Net balance December 31, 2014

^[1],[2]

$ 18,042

Atlantic American Statutory Trust I [Member] | JUNIOR SUBORDINATED DEBENTURES [Member] | LIBOR [Member]

^[1],[2]

LIBOR + 4.00%

Interest payable

^[1],[2]

Quarterly

Maturity date

^[1],[2]

Dec. 04, 2032

Redeemable by issuer

^[1],[2]

Yes

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust I [Member] | TRUST PREFERRED SECURITIES [Member]

4.00%

Financial structure of statutory business trusts [Abstract]

Issuance date

Dec. 04, 2002

Securities issued (in shares) | shares

17,500

Liquidation preference per security (in dollars per share) | $ / shares

$ 1

Liquidation value

$ 17,500

Distribution guaranteed by

LIBOR + 4.00%

Distribution payable

Quarterly

^[4]

Atlantic American Corporation

Atlantic American Statutory Trust I [Member] | TRUST PREFERRED SECURITIES [Member] | LIBOR [Member]

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust II [Member] | JUNIOR SUBORDINATED DEBENTURES [Member]

4.00%

Financial structure of statutory business trusts [Abstract]

Principal amount owed

^[1],[2]

$ 23,196

Balance December 31, 2015

^[1],[2]

23,196

Less: Treasury debt

^[1],[2],[3]

(7,500)

Net balance December 31, 2015

^[1],[2]

15,696

$ 15,696

Net balance December 31, 2014

^[1],[2]

$ 15,696

Atlantic American Statutory Trust II [Member] | JUNIOR SUBORDINATED DEBENTURES [Member] | LIBOR [Member]

^[1],[2]

LIBOR + 4.10%

Interest payable

^[1],[2]

Quarterly

Maturity date

^[1],[2]

May 15, 2033

Redeemable by issuer

^[1],[2]

Yes

Financial structure of statutory business trusts [Abstract]

Atlantic American Statutory Trust II [Member] | TRUST PREFERRED SECURITIES [Member]

4.10%

Financial structure of statutory business trusts [Abstract]

Issuance date

May 15, 2003

Securities issued (in shares) | shares

22,500

Liquidation preference per security (in dollars per share) | $ / shares

$ 1

Liquidation value

$ 22,500

Distribution guaranteed by

LIBOR + 4.10%

Distribution payable

Quarterly

^[4]

Atlantic American Corporation

Atlantic American Statutory Trust II [Member] | TRUST PREFERRED SECURITIES [Member] | LIBOR [Member]

Financial structure of statutory business trusts [Abstract]

4.10%

[1]	For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures' respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company's common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.
[2]	The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.
[3]	On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures. Consideration tendered, upon settlement, was $6,750 plus accrued interest resulting in a gain of $750 recognized in other income on the accompanying consolidated statements of operations in 2014
[4]	The Parent has guaranteed, on a subordinated basis, all of the obligations under the Trust Preferred Securities, including payment of the redemption price and any accumulated and unpaid distributions to the extent of available funds and upon dissolution, winding up or liquidation.

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Rental expense for operating leases	$ 1,261	$ 1,229
Future minimum base lease obligations under non-cancelable operating leases [Abstract]
2016	907
2017	446
2018	457
2019	193
Thereafter	0
Total	$ 2,003

Benefit Plans (Details) - Plan 2012 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares)	2,000,000
Shares available for future grant (in shares)	1,603,200	1,651,500
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued (in shares)	48,300	148,500
Estimated fair value of shares issued	$ 178	$ 559
Restricted Stock [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Benefit Plans, Share-based Compensation Stock Option by Exercise Price Range (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
401(k) Plan [Abstract]
Maximum percentage of compensation employees may defer	50.00%
Total matching contribution	$ 212	$ 186
Employer maximum contribution to plan	35.00%	50.00%
Percentage of participants contribution	6.00%	4.00%
Safe harbor non-elective contribution	3.00%	3.00%
Safe harbor non-elective contribution	$ 416	$ 391

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Redemption of preferred stock		$ 1,000
Dividends paid for Series D Preferred Stock	$ 399	$ 468
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Series D Preferred Stock, outstanding (in shares)	55,000	55,000
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Accrued annual dividends rate (in dollars per share)	$ 7.25	$ 7.25
Number of preferred stock shares convertible to common shares (in shares)	1,378,000
Maximum number of common stock issuable from conversion of preference shares, without obtaining prior shareholder approval (in shares)	2,703,000
Company redeemed shares (in shares)		10,000
Redemption of preferred stock		$ 1,000
Dividends accrued but unpaid	$ 18	18
Dividends paid for Series D Preferred Stock	$ 399	$ 471

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income [Abstract]
Net income before preferred stock dividends	$ 4,388	$ 4,430
Less preferred stock dividends	(399)	(468)
Net income applicable to common shareholders	$ 3,989	$ 3,962
Shares [Abstract]
Weighted average shares outstanding (in shares)	20,566	20,818
Per Share Amount [Abstract]
Net income applicable to common shareholders (in dollars per share)	$ 0.19	$ 0.19

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Statutory Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
Statutory Reporting (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statutory Accounting Practices [Line Items]
Dividends received from its subsidiaries	$ 6,750	$ 6,468
Maximum dividend payments by insurance subsidiaries without requiring prior approval	6,095
Statutory accounting practices [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	9,437	7,551
Statutory surplus	73,630	73,016
Statutory accounting practices [Member] \| Life and Health [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	4,147	2,738
Statutory surplus	35,322	34,004
Statutory accounting practices [Member] \| Property and Casualty [Member]
Statutory Accounting Practices [Line Items]
Statutory net income	5,290	4,813
Statutory surplus	$ 38,308	$ 39,012

Related Party Transactions (Details) $ in Thousands	12 Months Ended
Related Party Transactions (Details) $ in Thousands	Dec. 31, 2015 USD ($) ft² Director shares	Dec. 31, 2014 USD ($) shares
Related Party Transaction [Line Items]
Number of board of directors \| Director	2
Rental expense for operating leases	$ 1,261	$ 1,229
Payment of dividends on Series D Preferred Stock	399	471
Redemption of Series D preferred stock	0	1,000
Series D Preferred Stock [Member]
Related Party Transaction [Line Items]
Payment of dividends on Series D Preferred Stock	$ 399	471
Redemption of Series D preferred stock		1,000
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Office and covered garage space leased (in square feet) \| ft²	49,586
Rental expense for operating leases	$ 875	852
Members of Management [Member]
Related Party Transaction [Line Items]
Aggregate carrying value of investments in Gray	$ 14,043	$ 9,242
Members of Management [Member] \| Class A common stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) \| shares	880,272	880,272
Members of Management [Member] \| Common Stock [Member]
Related Party Transaction [Line Items]
Shares of Gray common stock owned (in shares) \| shares	106,000	106,000

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	$ 150,892	$ 153,488
Insurance benefits and losses incurred	101,364	106,195
Expenses deferred	(11,205)	(10,150)
Amortization and depreciation expense	11,437	11,610
Other expenses	58,633	53,762
Total benefits and expenses	160,229	161,417
Investment income	10,085	10,367
Other income	103	145
Operating income (loss)	851	2,583
Net realized gains	4,857	1,571
Gain on purchase of debt securities	0	750
Income before income taxes	5,708	4,904
Total revenues	165,937	166,321
Intangibles	2,544	2,544
Total assets	314,603	317,008
Corporate and Other [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	673	507
Other expenses	16,789	15,601
Total benefits and expenses	17,462	16,108
Investment income	2,060	2,152
Other income	7,532	7,595
Operating income (loss)	(7,870)	(6,361)
Net realized gains	190	350
Gain on purchase of debt securities		750
Income before income taxes	(7,680)	(5,261)
Total revenues	9,782	10,847
Intangibles	0	0
Total assets	136,869	139,271
Adjustments & Eliminations [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	0	0
Insurance benefits and losses incurred	0	0
Expenses deferred	0	0
Amortization and depreciation expense	0	0
Other expenses	(9,211)	(9,208)
Total benefits and expenses	(9,211)	(9,208)
Investment income	(1,762)	(1,739)
Other income	(7,449)	(7,469)
Operating income (loss)	0	0
Net realized gains	0	0
Gain on purchase of debt securities		0
Income before income taxes	0	0
Total revenues	(9,211)	(9,208)
Intangibles	0	0
Total assets	(106,675)	(113,509)
American Southern [Member] \| Operating Segments [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	54,508	52,654
Insurance benefits and losses incurred	35,046	38,179
Expenses deferred	(9,093)	(7,845)
Amortization and depreciation expense	9,057	8,646
Other expenses	17,845	13,644
Total benefits and expenses	52,855	52,624
Underwriting income (loss)	1,653	30
Investment income	4,107	4,447
Other income	10	8
Operating income (loss)	5,770	4,485
Net realized gains	872	527
Gain on purchase of debt securities		0
Income before income taxes	6,642	5,012
Total revenues	59,497	57,636
Intangibles	1,350	1,350
Total assets	123,445	129,517
Bankers Fidelity [Member] \| Operating Segments [Member]
Revenue and income (loss) before tax for each business unit [Abstract]
Insurance premiums	96,384	100,834
Insurance benefits and losses incurred	66,318	68,016
Expenses deferred	(2,112)	(2,305)
Amortization and depreciation expense	1,707	2,457
Other expenses	33,210	33,725
Total benefits and expenses	99,123	101,893
Underwriting income (loss)	(2,739)	(1,059)
Investment income	5,680	5,507
Other income	10	11
Operating income (loss)	2,951	4,459
Net realized gains	3,795	694
Gain on purchase of debt securities		0
Income before income taxes	6,746	5,153
Total revenues	105,869	107,046
Intangibles	1,194	1,194
Total assets	$ 160,964	$ 161,729

Disclosures About Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2015

Dec. 31, 2014

Carrying Amount [Member]

Carrying Amount [Member] | Level 1 [Member]

Fixed maturities

^[1]

$ 205,324

$ 214,888

Equity securities

^[1]

23,131

18,924

Carrying Amount [Member] | Level 2 [Member]

15,622

16,375

Investment in unconsolidated trusts

Policy loans

2,200

2,202

Real estate

1,238

Liabilities [Abstract]

Junior Subordinated Debentures, net

33,738

Carrying Amount [Member] | Level 3 [Member]

Estimated Fair Value [Member]

Other invested assets

6,454

2,995

Estimated Fair Value [Member] | Level 1 [Member]

Fixed maturities

^[1]

205,324

214,888

Equity securities

^[1]

23,131

18,924

Estimated Fair Value [Member] | Level 2 [Member]

15,622

16,375

Investment in unconsolidated trusts

Policy loans

2,200

2,202

Real estate

1,238

Liabilities [Abstract]

Junior Subordinated Debentures, net

33,738

Estimated Fair Value [Member] | Level 3 [Member]

Other invested assets

$ 7,070

$ 2,995

[1]	See Note 2 for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning balance	$ 9,279
Total other comprehensive income (loss), net of tax	(4,695)	$ 3,075
Ending balance	4,584	9,279
AOCI Attributable to Parent [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Total other comprehensive income (loss), net of tax	(4,695)	3,075
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in balances of each component of accumulated other comprehensive income, net of taxes [Roll Forward]
Beginning balance	9,279
Other comprehensive income (loss) before reclassifications	(1,538)
Amounts reclassified from accumulated other comprehensive income	(3,157)
Total other comprehensive income (loss), net of tax	(4,695)
Ending balance	$ 4,584	$ 9,279

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

ASSETS [Abstract]

LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]

$ 15,622

$ 16,375

$ 15,622

$ 16,375

$ 33,102

Investments

238,385

240,285

Deferred tax asset, net

829

Other assets

5,610

5,747

Total assets

314,603

317,008

Deferred tax liability, net

1,395

Junior subordinated debentures

33,738

Total liabilities

212,111

212,813

Shareholders' equity

102,492

104,195

100,927

Total liabilities and shareholders' equity

314,603

317,008

REVENUE [Abstract]

Other

103

895

Total revenue

165,937

166,321

INTEREST EXPENSE

1,429

1,607

INCOME TAX BENEFIT

(1,320)

(474)

CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]

4,388

4,430

Adjustments to reconcile net income to net cash provided by operating activities [Abstract]

4,388

4,430

Realized investment gains, net

(4,857)

(1,571)

Gain on purchase of debt securities

(750)

Depreciation and amortization

1,117

932

Compensation expense related to share awards

365

584

Deferred income tax expense

304

102

Increase (decrease) in other liabilities

1,442

(47)

Other, net

(245)

(57)

Net cash provided by operating activities

2,209

4,453

CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]

Proceeds from investments sold, called or matured

5,924

1,916

Investments purchased

(91,676)

(82,836)

Additions to property and equipment

(322)

(4,127)

Net cash used in investing activities

(1,201)

(9,606)

CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]

Payment for debt securities

(6,750)

Redemption of Series D preferred stock

(1,000)

Payment of dividends on Series D Preferred Stock

(399)

(471)

Payment of dividends on common stock

(412)

(834)

Proceeds from shares issued under stock plans

Purchase of shares for treasury

(997)

(2,603)

Net cash used in financing activities

(1,761)

(11,574)

Net decrease in cash

(753)

(16,727)

Cash and cash equivalents at beginning of year

16,375

33,102

Cash and cash equivalents at end of year

15,622

16,375

Supplemental disclosure [Abstract]

Cash paid for interest

1,424

1,649

Cash paid for income taxes

1,465

445

Parent Company [Member]

ASSETS [Abstract]

Investment in subsidiaries

4,463

5,947

4,463

5,947

$ 13,936

Investments

19,035

13,766

106,675

113,509

Investments in unconsolidated trusts

1,238

Deferred tax asset, net

169

Income taxes receivable from subsidiaries

2,146

2,271

Other assets

4,677

5,113

Total assets

138,403

141,844

LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]

Deferred tax liability, net

2,055

Other payables

2,173

1,856

Junior subordinated debentures

33,738

Total liabilities

35,911

37,649

Shareholders' equity

102,492

104,195

Total liabilities and shareholders' equity

$ 138,403

$ 141,844

REVENUE [Abstract]

Fee income from subsidiaries

7,449

7,469

Distributed earnings from subsidiaries

6,750

6,468

Other

571

1,622

Total revenue

14,770

15,559

GENERAL AND ADMINISTRATIVE EXPENSES

13,984

12,478

INTEREST EXPENSE

1,429

1,607

Earnings before tax and equity in undistributed earnings (losses) of subsidiaries

(643)

1,474

INCOME TAX BENEFIT

^[1]

(1,514)

(2,040)

Earnings after tax but before equity in undistributed earnings (losses) of subsidiaries

871

3,514

EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET

3,517

916

CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]

4,388

4,430

Adjustments to reconcile net income to net cash provided by operating activities [Abstract]

4,388

4,430

Realized investment gains, net

(190)

(350)

Gain on purchase of debt securities

(750)

Depreciation and amortization

673

507

Compensation expense related to share awards

365

584

Equity in undistributed earnings of consolidated subsidiaries

(3,517)

(916)

Decrease in intercompany taxes

125

2,259

Deferred income tax expense

304

102

Increase (decrease) in other liabilities

317

(164)

Other, net

(12)

Net cash provided by operating activities

2,453

5,706

CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]

Proceeds from investments sold, called or matured

2,210

2,106

Investments purchased

(3,956)

Capital contribution to subsidiaries

(200)

(100)

Additions to property and equipment

(230)

(4,127)

Net cash used in investing activities

(2,176)

(2,121)

CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]

Payment for debt securities

(6,750)

Redemption of Series D preferred stock

(1,000)

Payment of dividends on Series D Preferred Stock

(399)

(471)

Payment of dividends on common stock

(412)

(834)

Proceeds from shares issued under stock plans

Purchase of shares for treasury

(997)

(2,603)

Net cash used in financing activities

(1,761)

(11,574)

Net decrease in cash

(1,484)

(7,989)

Cash and cash equivalents at beginning of year

5,947

13,936

Cash and cash equivalents at end of year

4,463

5,947

Supplemental disclosure [Abstract]

Cash paid for interest

1,424

1,649

Cash paid for income taxes

1,465

445

Intercompany tax settlement from subsidiaries

$ 2,409

$ 4,695

[1]

Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company's income tax benefit results from the utilization of the Parent's separate return loss to reduce the consolidated taxable income of the Company.

Schedule III SUPPLEMENTARY INSURANCE INFORMATION (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

$ 27,866

$ 26,981

Future Policy Benefits, Losses, Claims and Loss Reserves

136,006

^[1]

137,470

^[2]

Unearned Premiums

25,348

24,544

Other Policy Claims and Benefits Payable

1,991

2,080

Liability for future policy benefits

72,136

70,845

Losses and claims

63,870

66,625

$ 63,018

150,892

153,488

9,533

9,831

101,364

106,195

10,320

10,678

48,545

44,544

Bankers Fidelity [Member]

55,611

50,318

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

25,033

24,360

Future Policy Benefits, Losses, Claims and Loss Reserves

84,806

82,453

Unearned Premiums

3,585

3,884

Other Policy Claims and Benefits Payable

1,991

2,080

96,384

100,834

5,149

4,989

66,318

68,016

1,439

2,220

31,366

31,657

American Southern [Member]

Supplementary Insurance Information, by Segment [Line Items]

Deferred Acquisition Costs

2,833

2,621

Future Policy Benefits, Losses, Claims and Loss Reserves

51,200

55,017

Unearned Premiums

21,763

20,660

Other Policy Claims and Benefits Payable

54,508

52,654

4,086

4,429

35,046

38,179

8,881

8,458

8,928

5,987

Supplementary Insurance Information, by Segment [Line Items]

55,611

50,318

Other [Member]

298

413

8,251

6,900