0000008177 aame:EBP001Member 2025-01-01 2025-12-31 0000008177 2025-01-01 2025-12-31 0000008177 pf0:DefinedBenefitPlanCommonCollectiveTrustMember aame:EBP001Member 2025-12-31 0000008177 pf0:DefinedBenefitPlanCommonCollectiveTrustMember aame:EBP001Member 2024-12-31 0000008177 us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2025-12-31 0000008177 us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2024-12-31 0000008177 aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2025-12-31 0000008177 aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2024-12-31 0000008177 aame:EBP001Member 2025-12-31 0000008177 aame:EBP001Member 2024-12-31 0000008177 srt:MaximumMember aame:EBP001Member 2025-01-01 2025-12-31 0000008177 aame:MaximumIndividualPretaxCatchupContributionMember aame:EBP001Member 2025-01-01 2025-12-31 0000008177 aame:EmployeeBenefitPlanProfitSharingContributionMember aame:EBP001Member 2025-01-01 2025-12-31 0000008177 aame:Participants6PercentContributionsEligibleFor35PercentEmployerMatchingMember aame:EBP001Member 2025-01-01 2025-12-31 0000008177 srt:MinimumMember aame:EBP001Member 2025-12-31 0000008177 srt:MaximumMember aame:EBP001Member 2025-12-31 0000008177 srt:MinimumMember aame:EBP001Member 2025-01-01 2025-12-31 0000008177 pf0:FairValueInputsLevel1Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel2Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel3Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel1Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel2Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel3Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel1Member aame:InvestmentInFairValueMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel2Member aame:InvestmentInFairValueMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel3Member aame:InvestmentInFairValueMember aame:EBP001Member 2025-12-31 0000008177 aame:InvestmentInFairValueMember aame:EBP001Member 2025-12-31 0000008177 pf0:FairValueInputsLevel1Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel2Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel3Member us-gaap-ebp:EmployeeBenefitPlanEmployerCommonStockFundMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel1Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel2Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel3Member aame:RegisteredInvestmentCompaniesMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel1Member aame:InvestmentInFairValueMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel2Member aame:InvestmentInFairValueMember aame:EBP001Member 2024-12-31 0000008177 pf0:FairValueInputsLevel3Member aame:InvestmentInFairValueMember aame:EBP001Member 2024-12-31 0000008177 aame:InvestmentInFairValueMember aame:EBP001Member 2024-12-31 0000008177 Atlantic American Corporation Common Stock Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Atlantic American Corporation Common Stock Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Columbia Small Cap Value II Inst3 [Member] aame:EBP001Member 2025-12-31 0000008177 Columbia Small Cap Value II Inst3 [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 BlackRock Income Fund V [Member] aame:EBP001Member 2025-12-31 0000008177 BlackRock Income Fund V [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity 500 Index-Inst Prm [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity 500 Index-Inst Prm [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity Global ex US Index Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity Global ex US Index Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity Puritan K6 Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity Puritan K6 Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity Total Market Index Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity Total Market Index Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity US Bond Index [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity US Bond Index [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Fidelity Investments Fidelity Total Bond K6 Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Fidelity Investments Fidelity Total Bond K6 Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 JPMorgan Emerging Markets Equity R6 [Member] aame:EBP001Member 2025-12-31 0000008177 JPMorgan Emerging Markets Equity R6 [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 JPMorgan Large Cap Growth Fund [Member] aame:EBP001Member 2025-12-31 0000008177 JPMorgan Large Cap Growth Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Oppenheimer Funds Invesco Discovery Mid Cap Growth Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Oppenheimer Funds Invesco Discovery Mid Cap Growth Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Oppenheimer Funds Invesco Oppenheimer International Small-Mid Co Fund, Class R6 [Member] aame:EBP001Member 2025-12-31 0000008177 Oppenheimer Funds Invesco Oppenheimer International Small-Mid Co Fund, Class R6 [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 New World Fund Inc [Member] aame:EBP001Member 2025-12-31 0000008177 New World Fund Inc [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Vanguard Equity Income [Member] aame:EBP001Member 2025-12-31 0000008177 Vanguard Equity Income [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Vanguard Mid-Cap Index Inv Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Vanguard Mid-Cap Index Inv Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Vanguard Small Cap Index Fund, Admiral Shares [Member] aame:EBP001Member 2025-12-31 0000008177 Vanguard Small Cap Index Fund, Admiral Shares [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2010 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2010 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2015 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2015 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2020 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2020 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2025 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2025 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2030 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2030 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2035 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2035 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2040 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2040 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2045 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2045 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2050 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2050 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2055 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2055 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2060 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2060 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2065 Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index 2065 Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index Retirement Income Class J [Member] aame:EBP001Member 2025-12-31 0000008177 Nuveen Asset Management Nuveen TIAA Lifecycle Index Retirement Income Class J [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 Wells Fargo Bank, NA Galliard Capital Management Stable Return Fund [Member] aame:EBP001Member 2025-12-31 0000008177 Wells Fargo Bank, NA Galliard Capital Management Stable Return Fund [Member] aame:EBP001Member 2025-01-01 2025-12-31 0000008177 aame:VariousPlanParticipantsMember aame:EBP001Member 2025-12-31 iso4217:USD aame:Subsidiary aame:Company pure aame:Age aame:Hour shares 11-K 11-K 2025-12-31 2025-12-31 2025 2025 Atlantic American Corporation 10702092 10410900 951473 554930 19677488 17447356 31331053 28413186 161006 89240 34381 0 687589 681693 32214029 29184119 1301702 982783 166519 2451004 3894311 238471 8735 6592521 3510207 52404 3562611 3029910 29184119 32214029 <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 1—DESCRIPTION OF THE PLAN</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> The following description of the Atlantic American Corporation 401(k) Retirement Savings Plan (the “Plan”) provides only general information. Participating members (“Participants”) should refer to the Plan document for a more complete description of the Plan’s provisions. Information with regard to eligibility, contributions, distributions, vesting, withdrawals, restoration, loans, fund redistribution, and definitions of all terms are contained in that document. The Administrative Committee, consisting of employees of the plan sponsor, is responsible for oversight of the Plan. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">General</span>: The Plan is a defined contribution plan available to all U.S. employees of Atlantic American Corporation and its subsidiaries (collectively, the “Company”) except collective bargaining employees, nonresident aliens, and leased employees. Employees eligible to participate are automatically enrolled effective on the date of employment. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Participating Companies</span>: As of December 31, 2025 and 2024, the Company had five wholly-owned insurance subsidiaries, Bankers Fidelity Life Insurance Company and its wholly owned subsidiaries, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company, American Southern Insurance Company and its wholly owned subsidiary, American Safety Insurance Company, in addition to one non-insurance company, xCalibre Risk Services, Inc. All employees of these subsidiaries were eligible to participate in the Plan. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Plan Administration</span>: The trustee of the Plan (the “Trustee”) has custodial responsibility for the Plan’s assets, including the authority and power to, among other things, invest the principal and income of the Plan’s assets. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Contributions</span>: Eligible employees automatically become a participant and are enrolled into the Plan at a 6% deferral rate on their date of hire. At any time, a participant may cease his or her contribution or change his or her deferral percentage in 1% increments up to 75% of his or her annual compensation, as defined by the Plan, subject to certain limitations under the Internal Revenue Code (the “Code”), and elect to contribute into any of the investment funds offered by the Plan. Participant pre-tax limitation was limited to $23,500 for 2025. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Participants may also contribute amounts representing distributions from other qualified benefit plans. These contributions, if any, are classified as rollover contributions in the Statement of Changes in Net Assets Available for Benefits. Participants direct the investment of their contributions into various investment options offered by the Plan. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions to the Plan. The maximum individual catch-up contribution amount was $7,500 for 2025. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> On January 1, 2009, the Company adopted safe harbor plan provisions such that the Plan would operate on a safe harbor basis. Safe harbor contributions are fully vested immediately. The Company provides a matching employer contribution equal to a certain percentage of each participant’s contributions. The Company may also make employer profit-sharing contributions, at its discretion, which will be allocated among all eligible participants in the Plan whether they make contributions or not. The employer profit-sharing contributions totaled $147,000 for the year ended December 31, 2025. For the year ended December 31, 2025, the Company’s employer matching contribution equaled 35% of up to the first 6% of a participant’s pre-tax and/or Roth contribution. In addition to the matching contribution, the Company also made a non-elective contribution to all participants of 3% of compensation (up to a maximum of $350,000), which totaled $569,421 for the year ended December 31, 2025. The 2025 employer profit-sharing contributions and non-elective contributions are presented as contribution receivable from employer in the Statements of Net Assets Available for Benefits. All employer matching contributions are made in cash. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Vesting</span>: Participants are always 100% vested in their own contributions including pre-tax contributions, Roth contributions, after-tax voluntary contributions, rollover contributions, safe harbor matching contributions and any discretionary profit-sharing contributions. Further, all contributions are invested at the direction of the participant. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Participants’ “vested percentage” attributable to certain employer contributions is based on years of continuous service determined under the following schedule.</div><table style="border-spacing: 0px; border-collapse: collapse; font-size: 10pt; width: 100%;"> <tr style="vertical-align: top; height: 0px; font-size: 0px;"> <td style="padding: 0px; width: 95%;"> </td> <td style="padding: 0px; width: 5%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Years of Service: </div> </td> <td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Less than one </div> </td> <td style="padding: 0px; text-align: right;"> 0% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> One </div> </td> <td style="padding: 0px; text-align: right;"> 20% </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Two </div> </td> <td style="padding: 0px; text-align: right;"> 40% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> Three </div> </td> <td style="padding: 0px; text-align: right;"> 60% </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Four </div> </td> <td style="padding: 0px; text-align: right;"> 80% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> Five </div> </td> <td style="padding: 0px; text-align: right;"> 100% </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Participants must have worked at least 1,000 hours in a calendar year for that year to count towards vesting. In addition, participants become fully vested upon retirement, death, or disability. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Benefits</span>: Upon termination of service due to death, disability, retirement, or separation from service, a participant or his or her beneficiary with a vested balance greater than $5,000 may elect to receive an amount equal to the value of the participant’s vested interest in his or her account, or such amounts may remain in the Plan but contributions cease. The form of payment, selected by the participant or his or her beneficiary, is either a lump-sum distribution or a direct rollover into a qualified retirement plan or individual retirement account. A vested balance less than $5,000 is automatically distributed to the terminated participant or his or her beneficiary in the quarterly period following termination, unless otherwise directed. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Participant Accounts</span>: Individual accounts are maintained for each of the Plan’s participants and reflect the participant’s contributions, employer contributions, and the participant’s share of the Plan’s investment income (loss). Allocations of income (loss) are based on the proportion that each participant’s account balance bears to the total of all participant account balances and their investment elections. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Investment Options</span>: Participants may direct their contributions and any related earnings into several investment options in 1% increments. Participants may change their investment elections at any time, subject to certain fund restrictions. There were no significant changes made to the available investment alternatives during 2025. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Within the Plan, new contributions to the Atlantic American Common Stock fund were not allowed. Those participants who were invested in the Atlantic American Common Stock fund, or "Employer Common Stock Fund", were able, and existing participants continue to be able, to sell or liquidate units of the Atlantic American Common Stock fund and reinvest in existing investments offered in the Plan. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Forfeitures</span>: Amounts forfeited from non-vested accounts, if any, are generally used to pay for Plan expenses or reduce future employer contributions. Forfeitures of $6,811 were used to offset administrative expenses charged to the Plan in 2025. At December 31, 2025 and 2024, there were $18,359 and $29,408, respectively, of forfeiture funds available to be used in the future. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Notes Receivable from Participants</span>: Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Participants may elect to have their loans disbursed from specific investment funds. Loan terms range from six months to five years. The loans are secured by the vested value of the participants’ account balances and bear interest at the prime rate of interest on the date of the loan plus 1% bearing interest at rates from 4.25% - 9.50%.<span style="font-weight: bold;"> </span>Principal and interest are paid ratably through payroll deductions. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Specified Hardship Withdrawals:</span> Upon written application to the Trustee by a participant for a specified hardship withdrawal, the participant may withdraw from his or her fund accounts. Such withdrawal may be made only upon the express determination that it is necessary to prevent a severe financial hardship to such participant and specific to the following events: expenses for medical care; costs directly related to the purchase of a principal residence; payment of tuition and related educational fees; and to prevent eviction from a principal residence or foreclosure on the mortgage of a principal residence. A participant who has made a specified hardship withdrawal may include any amounts necessary to pay federal, state or local income taxes or penalties reasonably anticipated to result from the distribution and shall make no<span style="font-weight: bold;"> </span>more than one withdrawal during any calendar quarter. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Administrative Expenses</span>: The Company pays certain administrative expenses of the Plan. Trustee and recordkeeping fees are shared between the Company and the Plan. Each participant account is charged a $43 quarterly Trustee and recordkeeping fee while the Company also pays a standard annual fee for Trustee and record keeping. Fees resulting from individual participant transactions, such as loan origination and benefit payments, or certain investment elections, are paid by the participant and are included in the fees amount on the Statement of Changes in Net Assets Available for Benefits. </div> true 5 5 1 1 0.06 0.01 0.75 23500 50 7500 147000 0.35 0.06 0.03 350000 569421 1 <div style="text-align: justify; font-size: 10pt;"> Participants’ “vested percentage” attributable to certain employer contributions is based on years of continuous service determined under the following schedule.</div><table style="border-spacing: 0px; border-collapse: collapse; font-size: 10pt; width: 100%;"> <tr style="vertical-align: top; height: 0px; font-size: 0px;"> <td style="padding: 0px; width: 95%;"> </td> <td style="padding: 0px; width: 5%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Years of Service: </div> </td> <td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Less than one </div> </td> <td style="padding: 0px; text-align: right;"> 0% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> One </div> </td> <td style="padding: 0px; text-align: right;"> 20% </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Two </div> </td> <td style="padding: 0px; text-align: right;"> 40% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> Three </div> </td> <td style="padding: 0px; text-align: right;"> 60% </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> <div> Four </div> </td> <td style="padding: 0px; text-align: right;"> 80% </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> Five </div> </td> <td style="padding: 0px; text-align: right;"> 100% </td> </tr> </table> 0 0.20 0.40 0.60 0.80 1 1000 5000 5000 0.01 6811 18359 29408 1000 50000 0.50 P6M P5Y 0.01 0.0425 0.095 43 <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 2—SIGNIFICANT ACCOUNTING POLICIES</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Basis of Accounting and Use of Estimates</span>: The financial statements of the Plan are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the financial statements and accompanying notes. Actual results could differ materially from those estimates. </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Notes Receivable from Participants:</span> Participant loans are classified as notes receivable from participants and are measured at the unpaid principal balance plus unpaid accrued interest. The Plan classifies all notes receivable from participants with no payments received for six (6) months as “in default.” Defaulted notes receivable from participants are deemed distributed and recorded as benefits paid to the participants in the Statement of Changes in Net Assets Available for Benefits. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Investment Valuation and Income Recognition</span>: The Plan’s investments are reported at estimated fair value (see Note 3). Where available, quoted market prices are used to value investments. Shares of registered investment companies are valued at the net asset value (“NAV”) of shares held by the Plan at year-end. The Plan’s employer common stock fund is a unitized stock fund valued at the net asset value of the fund. The fund mainly consists of the employer stock which is valued at the closing price reported on the active market on which the stock is traded and the value of cash held for liquidity purposes. The Plan’s interest in common/collective trusts is valued at the net asset value based on information reported by the investment advisor/trustee using the audited financial statements. The net asset value, as provided by the investment advisor/trustee, is used as a practical expedient to estimate fair value, and is based on the estimated fair value of the underlying investments held by the fund less the estimated fair value of its liabilities. The common/collective trusts do not have a finite life, unfunded commitments or significant restriction on redemptions and participant transactions may occur daily. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Purchases and sales of securities are recorded on a trade date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on an accrual basis. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Investment securities, in general, are exposed to various risks, including interest rate, credit, and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> The following describes the fair value hierarchy and provides information as to the extent to which the Plan uses fair value to measure 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. </div><div style="text-align: justify; font-size: 10pt;"> </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 1 </div> <div style="font-size: 10pt;"> Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access at the measurement date. The Plan assets identified as Level 1 instruments include investments in registered investment companies. </div> </div><div style="clear: both;">  </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 2 </div> <div style="font-size: 10pt;"> Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets or liabilities. The Plan assets identified as Level 2 instruments include investments in the employer common stock fund. </div> </div><div style="clear: both;">  </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 3 </div> <div style="font-size: 10pt;"> 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 and provided primarily from the sponsors of the underlying funds. The use of different criteria or assumptions regarding data may yield different valuations. </div> </div><div style="text-align: justify; font-size: 10pt;"> </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Net Appreciation (Depreciation)</span>: Net realized gains (losses) and unrealized appreciation (depreciation) are recorded in the accompanying Statement of Changes in Net Assets Available for Benefits as net appreciation (depreciation) in fair market value of investments. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Payment of Benefits</span>: Distributions to participants are recorded when payment is made. </div> Basis of Accounting and Use of Estimates: The financial statements of the Plan are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the financial statements and accompanying notes. Actual results could differ materially from those estimates. <div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Notes Receivable from Participants:</span> Participant loans are classified as notes receivable from participants and are measured at the unpaid principal balance plus unpaid accrued interest. The Plan classifies all notes receivable from participants with no payments received for six (6) months as “in default.” Defaulted notes receivable from participants are deemed distributed and recorded as benefits paid to the participants in the Statement of Changes in Net Assets Available for Benefits. </div> <div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Investment Valuation and Income Recognition</span>: The Plan’s investments are reported at estimated fair value (see Note 3). Where available, quoted market prices are used to value investments. Shares of registered investment companies are valued at the net asset value (“NAV”) of shares held by the Plan at year-end. The Plan’s employer common stock fund is a unitized stock fund valued at the net asset value of the fund. The fund mainly consists of the employer stock which is valued at the closing price reported on the active market on which the stock is traded and the value of cash held for liquidity purposes. The Plan’s interest in common/collective trusts is valued at the net asset value based on information reported by the investment advisor/trustee using the audited financial statements. The net asset value, as provided by the investment advisor/trustee, is used as a practical expedient to estimate fair value, and is based on the estimated fair value of the underlying investments held by the fund less the estimated fair value of its liabilities. The common/collective trusts do not have a finite life, unfunded commitments or significant restriction on redemptions and participant transactions may occur daily. </div><div style="text-align: justify; font-size: 10pt;"> Purchases and sales of securities are recorded on a trade date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on an accrual basis. </div><div style="text-align: justify; font-size: 10pt;"> Investment securities, in general, are exposed to various risks, including interest rate, credit, and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits. </div><div style="text-align: justify; font-size: 10pt;"> The following describes the fair value hierarchy and provides information as to the extent to which the Plan uses fair value to measure 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. </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 1 </div> <div style="font-size: 10pt;"> Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access at the measurement date. The Plan assets identified as Level 1 instruments include investments in registered investment companies. </div> </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 2 </div> <div style="font-size: 10pt;"> Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets or liabilities. The Plan assets identified as Level 2 instruments include investments in the employer common stock fund. </div> </div><div style="text-indent: -54pt; padding-left: 54pt;"> <div style="float: left; width: 54pt; white-space: nowrap; font-size: 10pt;"> Level 3 </div> <div style="font-size: 10pt;"> 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 and provided primarily from the sponsors of the underlying funds. The use of different criteria or assumptions regarding data may yield different valuations. </div> </div> Net Appreciation (Depreciation): Net realized gains (losses) and unrealized appreciation (depreciation) are recorded in the accompanying Statement of Changes in Net Assets Available for Benefits as net appreciation (depreciation) in fair market value of investments. <div style="text-align: justify; font-size: 10pt;"> <span style="text-decoration: underline;">Payment of Benefits</span>: Distributions to participants are recorded when payment is made. </div> <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 3—INVESTMENTS</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> As of December 31, 2025, assets carried at fair value were measured on a recurring basis as summarized below: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: 0px; border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 55.45pt; white-space : nowrap; "> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Quoted Prices in<br/> Active Markets <br/> for Identical Assets<br/> (Level 1) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant<br/> Other Observable <br/> Inputs<br/> (Level 2) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant <br/> Unobservable <br/> Inputs <br/> (Level 3) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Total </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employer common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">951,473</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">951,473</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Registered investment companies </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total investments in the fair value hierarchy </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">951,473</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">20,628,961</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common/collective trusts measured at NAV* </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">10,702,092</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">  </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">31,331,053</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;"> As of December 31, 2024, assets carried at fair value were measured on a recurring basis as summarized below: </div><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="vertical-align : top; height : 55.45pt; white-space : nowrap; "> <td style="text-align: justify;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Quoted Prices in<br/> Active Markets<br/> for Identical Assets<br/> (Level 1) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant <br/> Other Observable <br/> Inputs<br/> (Level 2) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant<br/> Unobservable<br/> Inputs <br/> (Level 3) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Total </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employer common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">554,930</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">554,930</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Registered investment companies </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total investments in the fair value hierarchy </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">554,930</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">18,002,286</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common/collective trusts measured at NAV* </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">10,410,900</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total </div> </td> <td style="text-align: justify; width: 1%;"> </td><td style="text-align: justify; width: 1%;"> </td><td style="text-align: justify; width: 9%;"> </td><td style="text-align: justify; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">28,413,186</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 18pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> * </div> <div style="font-size: 10pt;"> Certain investments that are measured at fair value using the NAV per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits. </div> </div><div style="text-align: justify; clear: both; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Plan management periodically evaluates the significance of transfers between levels, if any, based upon the nature of the financial instrument and size of the transfer relative to total net assets available for benefits. For the year ended December 31, 2025, there were no material transfers between levels 1, 2, or 3. </div> <div style="text-align: justify; font-size: 10pt;"> As of December 31, 2025, assets carried at fair value were measured on a recurring basis as summarized below: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="margin-left: auto; margin-right: 0px; border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align : top; height : 55.45pt; white-space : nowrap; "> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Quoted Prices in<br/> Active Markets <br/> for Identical Assets<br/> (Level 1) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant<br/> Other Observable <br/> Inputs<br/> (Level 2) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant <br/> Unobservable <br/> Inputs <br/> (Level 3) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Total </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employer common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">951,473</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">951,473</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Registered investment companies </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total investments in the fair value hierarchy </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">19,677,488</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">951,473</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">20,628,961</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common/collective trusts measured at NAV* </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">10,702,092</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">  </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">31,331,053</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify; font-size: 10pt;"> As of December 31, 2024, assets carried at fair value were measured on a recurring basis as summarized below: </div><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-spacing: 0px;"> <tr style="vertical-align : top; height : 55.45pt; white-space : nowrap; "> <td style="text-align: justify;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Quoted Prices in<br/> Active Markets<br/> for Identical Assets<br/> (Level 1) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant <br/> Other Observable <br/> Inputs<br/> (Level 2) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Significant<br/> Unobservable<br/> Inputs <br/> (Level 3) </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; width: 1%; vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> Total </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: justify;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Employer common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">554,930</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;">$</td><td style="text-align: right; width: 9%;">554,930</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Registered investment companies </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;"> <div> Total investments in the fair value hierarchy </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">17,447,356</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">554,930</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;"> - </td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%;"> </td><td style="text-align: right; width: 9%;">18,002,286</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Common/collective trusts measured at NAV* </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="text-align: right; width: 9%; border-bottom: 2px solid black;">10,410,900</td><td style="text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total </div> </td> <td style="text-align: justify; width: 1%;"> </td><td style="text-align: justify; width: 1%;"> </td><td style="text-align: justify; width: 9%;"> </td><td style="text-align: justify; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="text-align: right; width: 9%; border-bottom: 4px double black;">28,413,186</td><td style="text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: -18pt; padding-left: 18pt;"> <div style="float: left; width: 18pt; white-space: nowrap; font-size: 10pt;"> * </div> <div style="font-size: 10pt;"> Certain investments that are measured at fair value using the NAV per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits. </div> </div> 0 951473 0 951473 19677488 0 0 19677488 19677488 951473 0 20628961 10702092 31331053 0 554930 0 554930 17447356 0 0 17447356 17447356 554930 0 18002286 10410900 28413186 <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 4—TAX STATUS</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> The Plan uses a Prototype Plan sponsored by the Trustee. The Trustee received an opinion letter from the Internal Revenue Service (“IRS”), dated June 30, 2020, which states that the Prototype Plan satisfies the applicable provisions of the Code. The Plan itself has not received a determination letter from the IRS. However, the Plan’s management believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Code. Therefore, no provision for income tax has been included in the Plan’s financial statements. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of the liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions and the Plan could be subject to income tax if certain issues were found by the IRS that could result in the <span style="-sec-ix-hidden: hidden-fact-0">disqualification</span> of the Plan’s tax-exempt status; however, there are currently no audits for any tax periods in progress. </div> 2020-06-30 false <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 5—PLAN TERMINATION</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become fully vested in their accounts as of the termination date. </div> <div style="font-size: 10pt;"> <span style="font-weight: bold;">NOTE 6—PARTY-IN-INTEREST TRANSACTIONS</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> The Plan held 336,209 shares and 365,085 shares of Atlantic American Corporation (the plan sponsor) common stock as of December 31, 2025 and 2024, respectively, in the Atlantic American Corporation Common Stock Fund. The fund invests in Atlantic American Corporation common stock and money market funds and had an estimated fair value of $951,473 and $554,930, at December 31, 2025 and 2024, respectively. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> Certain investments totaling $10,702,092 and $10,410,900, held by the Plan at December 31, 2025 and 2024, respectively, are managed by the Trustee and/or its affiliates. These investments, as well as notes receivable from participants, qualify as party-in-interest transactions. </div> 336209 365085 951473 554930 10702092 10410900 <div style="text-align: justify; font-size: 10pt;"> <span style="font-weight: bold;">NOTE 7—SUBSEQUENT EVENTS</span> </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt;"> The Plan considers events or transactions that occur after the date of the Statement of Net Assets Available for Benefits, but before the financial statements are issued, to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated through June 25, 2026, the date these financial statements were issued.</div> <div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">ATLANTIC AMERICAN CORPORATION</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">PLAN NUMBER 001</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">58-1027114</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">SCHEDULE H, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)</span> </div><div style="font-size: 10pt;">   </div><table style="border-spacing: 0px; border-collapse: collapse; font-size: 10pt; width: 100%;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 3%;"> </td><td style="width: 1%;"> </td><td style="width: 25%;"> </td><td style="width: 1%;"> </td><td style="width: 52%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 6%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td></tr><tr style="vertical-align: top;"> <td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31, 2025</span> </td> </tr><tr style="vertical-align: top;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: left; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor; text-align: center;"> </td> </tr><tr style="vertical-align: top; height: 23.0pt;"> <td style="padding: 0px; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; vertical-align: bottom; text-align: left; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <div> <span style="font-weight: bold;">Identity of Issue, Borrower,</span> </div> <div> <span style="font-weight: bold;">Lessor, or Similar Party</span> </div> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; vertical-align: bottom; text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <div> Description of Investment </div> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; vertical-align: bottom; text-align: center; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> <div> Cost </div> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor; text-align: center;"> <div> Current </div> <div> Value </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Employer common stock fund: </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> * </div> </td> <td> </td><td style="padding: 0px;"> <div> Atlantic American Corporation </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-2">Atlantic American Corporation Common Stock Fund</span>, 63,135 <span style="-sec-ix-hidden: hidden-fact-3">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-1"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: left; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div>951,473 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Subtotal Employer common stock fund </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> 951,473 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Registered investment companies: </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Columbia </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-5">Columbia Small Cap Value II Inst3</span>, 19,336 <span style="-sec-ix-hidden: hidden-fact-6">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-4"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 275,150 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> BlackRock </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-8">BlackRock Income Fund V</span>, 37,245 <span style="-sec-ix-hidden: hidden-fact-9">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-7"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 341,169 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Fidelity Investments </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-11">Fidelity 500 Index-Inst Prm</span>, 16,740 <span style="-sec-ix-hidden: hidden-fact-12">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-10"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 3,979,344 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-14">Fidelity Global ex US Index Fund</span>, 42,922 <span style="-sec-ix-hidden: hidden-fact-15">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-13"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 800,919 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-17">Fidelity Puritan K6 Fund</span>, 125,417 <span style="-sec-ix-hidden: hidden-fact-18">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-16"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 2,164,704 </div> </td> </tr> <tr style="vertical-align: top; height: 12.15pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-20">Fidelity Total Market Index Fund</span>, 621 <span style="-sec-ix-hidden: hidden-fact-21">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-19"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 115,987 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-23">Fidelity US Bond Index</span>, 24,604 <span style="-sec-ix-hidden: hidden-fact-24">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-22"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 259,814 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-26">Fidelity Total Bond K6 Fund</span>, 26,046 <span style="-sec-ix-hidden: hidden-fact-27">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-25"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 232,592 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> JPMorgan </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-29">JPMorgan Emerging Markets Equity R6</span>, 0 <span style="-sec-ix-hidden: hidden-fact-30">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-28"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> - </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-32">JPMorgan Large Cap Growth Fund</span>, 64,886 <span style="-sec-ix-hidden: hidden-fact-33">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-31"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 5,608,753 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Oppenheimer Funds </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-35">Invesco Discovery Mid Cap Growth Fund</span>, 43,370 <span style="-sec-ix-hidden: hidden-fact-36">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-34"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 1,469,367 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-38">Invesco Oppenheimer International Small-Mid Co Fund, Class R6</span>, 2,843 <span style="-sec-ix-hidden: hidden-fact-39">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-37"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 100,231 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> New World </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-41">New World Fund Inc</span>, 1,153 <span style="-sec-ix-hidden: hidden-fact-42">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-40"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 107,417 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Vanguard </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-44">Vanguard Equity Income</span>, 13,629 <span style="-sec-ix-hidden: hidden-fact-45">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-43"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 1,266,273 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-47">Vanguard Mid-Cap Index Inv Fund</span>, 5,637 <span style="-sec-ix-hidden: hidden-fact-48">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-46"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> <div> 2,025,599 </div> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-50">Vanguard Small Cap Index Fund, Admiral Shares</span>, 7,527 <span style="-sec-ix-hidden: hidden-fact-51">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-49"> (a) </div> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> 930,169 </div> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Subtotal Registered investment companies </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> <div> 19,677,488 </div> </td> </tr> </table><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">ATLANTIC AMERICAN CORPORATION</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">PLAN NUMBER 001</span> </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">58-1027114</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: center; font-size: 10pt;"> <span style="font-weight: bold;">SCHEDULE H, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)</span> </div><div style="font-size: 10pt;">   </div><table style="border-spacing: 0px; border-collapse: collapse; width: 100%; font-size: 10pt;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 3%;"> </td><td style="width: 1%;"> </td><td style="width: 25%;"> </td><td style="width: 1%;"> </td><td style="width: 52%;"> </td><td style="width: 1%;"> </td><td style="width: 6%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td></tr><tr style="vertical-align: top;"> <td colspan="10" style="border-width: medium; border-style: none; border-color: currentcolor; text-align: center;"> <span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31, 2025</span> </td> </tr><tr style="vertical-align: top;"> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor; text-align: center;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> </td> </tr><tr style="vertical-align: top; height: 23.0pt;"> <td style="padding: 0px; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor;"> </td> <td style="border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor; text-align: center;"> <div> <span style="font-weight: bold;">Identity of Issue, Borrower,</span> </div> <div> <span style="font-weight: bold;">Lessor, or Similar Party</span> </div> </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> Description of Investment </td> <td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> Cost </td><td style="text-align: center; border-bottom-width: medium; border-bottom-style: none; border-bottom-color: currentcolor; border-top: 2px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-width: 2px medium; border-style: solid none; border-color: rgb(0, 0, 0) currentcolor;"> Current<br/> Value </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td> </td><td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Common/collective trusts: </div> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td> </td><td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Nuveen Asset Management </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-53">Nuveen TIAA Lifecycle Index 2010 Class J</span>, 13 <span style="-sec-ix-hidden: hidden-fact-54">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-52"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 154 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-55">Nuveen TIAA Lifecycle Index 2015 Class J</span>, 1,217 <span style="-sec-ix-hidden: hidden-fact-56">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 15,679 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-58">Nuveen TIAA Lifecycle Index 2020 Class J</span>, 62,400 <span style="-sec-ix-hidden: hidden-fact-59">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-57"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 823,675 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-61">Nuveen TIAA Lifecycle Index 2025 Class J</span>, 54,315 <span style="-sec-ix-hidden: hidden-fact-62">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-60"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 739,222 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-64">Nuveen TIAA Lifecycle Index 2030 Class J</span>, 101,726 <span style="-sec-ix-hidden: hidden-fact-65">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-63"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 1,444,509 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-67">Nuveen TIAA Lifecycle Index 2035 Class J</span>, 92,747 <span style="-sec-ix-hidden: hidden-fact-68">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-66"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 1,376,367 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-70">Nuveen TIAA Lifecycle Index 2040 Class J</span>, 50,554 <span style="-sec-ix-hidden: hidden-fact-71">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-69"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 792,688 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-73">Nuveen TIAA Lifecycle Index 2045 Class J</span>, 56,279 <span style="-sec-ix-hidden: hidden-fact-74">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-72"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 919,598 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-76">Nuveen TIAA Lifecycle Index 2050 Class J</span>, 27,456 <span style="-sec-ix-hidden: hidden-fact-77">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-75"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 456,313 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-79">Nuveen TIAA Lifecycle Index 2055 Class J</span>, 49,075 <span style="-sec-ix-hidden: hidden-fact-80">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-78"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 822,002 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-82">Nuveen TIAA Lifecycle Index 2060 Class J</span>, 19,403 <span style="-sec-ix-hidden: hidden-fact-83">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-81"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 315,486 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-85">Nuveen TIAA Lifecycle Index 2065 Class J</span>, 3,080 <span style="-sec-ix-hidden: hidden-fact-86">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-84"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 48,386 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-88">Nuveen TIAA Lifecycle Index Retirement Income Class J</span>, 26,500 <span style="-sec-ix-hidden: hidden-fact-89">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-87"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> 338,938 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td> </td><td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> * </div> </td> <td> </td><td style="padding: 0px;"> <div> Wells Fargo Bank, NA </div> </td> <td> </td><td style="padding: 0px;"> <div> <span style="-sec-ix-hidden: hidden-fact-91">Galliard Capital Management Stable Return Fund</span>, 39,864 <span style="-sec-ix-hidden: hidden-fact-92">units</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"><div style="-sec-ix-hidden: hidden-fact-90"> (a) </div></td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 2,609,075 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Subtotal Common/collective trusts </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 10,702,092 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td> </td><td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Participant loans: </div> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td> </td><td style="padding: 0px;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> * </div> </td> <td> </td><td style="padding: 0px;"> <div> Various Plan Participants </div> </td> <td> </td><td style="padding: 0px;"> <div> Participant loans, maturing in <span style="-sec-ix-hidden: hidden-fact-93">2026</span> through <span style="-sec-ix-hidden: hidden-fact-94">2030</span> </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> bearing interest at rates from 4.25% - 9.50% </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 161,006 </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> <div> ** </div> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> Subtotal Participant loans </div> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> 161,006 </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td> <td style="text-align: center;"> </td><td style="padding: 0px; text-align: center;"> </td><td style="text-align: center;"> </td> <td style="text-align: right;"> </td><td style="padding: 0px; text-align: right;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> <div> TOTAL </div> </td> <td> </td><td style="padding: 0px;"> </td> <td> </td><td style="padding: 0px;"> </td><td> </td> <td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="padding: 0px; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> $31,492,059 </td> </tr> </table><div style="margin-left: 36pt; font-size: 10pt;">  </div><div style="text-indent: -36pt; padding-left: 36pt;"> <div style="float: left; width: 36pt; white-space: nowrap; font-size: 10pt;"> * </div> <div style="font-size: 10pt;"> Indicates party in interest </div> </div><div style="text-indent: -36pt; padding-left: 36pt; clear: both;"> <div style="float: left; width: 36pt; white-space: nowrap; font-size: 10pt;"> ** </div> <div style="font-size: 10pt;"> Indicates notes receivable from participants </div> </div><div style="text-indent: -36pt; padding-left: 36pt; clear: both;"> <div style="float: left; width: 36pt; white-space: nowrap; font-size: 10pt;"> (a) </div> <div style="font-size: 10pt;"> Participant-directed </div> </div> 401(k) RETIREMENT SAVINGS PLAN 001 58-1027114 true 63135 951473 951473 19336 275150 37245 341169 16740 3979344 42922 800919 125417 2164704 621 115987 24604 259814 26046 232592 0 64886 5608753 43370 1469367 2843 100231 1153 107417 13629 1266273 5637 2025599 7527 930169 19677488 13 154 1217 15679 62400 823675 54315 739222 101726 1444509 92747 1376367 50554 792688 56279 919598 27456 456313 49075 822002 19403 315486 3080 48386 26500 338938 true 39864 2609075 10702092 true 0.0425 0.095 161006 161006 31492059 http://fasb.org/us-gaap/2025#NonqualifiedPlanMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#AtlanticAmericanCorporationCommonStockFundMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanEmployerCommonStockFundMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#ColumbiaSmallCapValueIiInst3Member http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#BlackrockIncomeFundVMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#Fidelity500IndexInstPrmMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#FidelityGlobalExUsIndexFundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#FidelityPuritanK6FundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#FidelityTotalMarketIndexFundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#FidelityUsBondIndexMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#FidelityTotalBondK6FundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#JpmorganEmergingMarketsEquityR6Member http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#JpmorganLargeCapGrowthFundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#InvescoDiscoveryMidCapGrowthFundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#InvescoOppenheimerInternationalSmallMidCoFundClassR6Member http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NewWorldFundIncMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#VanguardEquityIncomeMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#VanguardMidCapIndexInvFundMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#VanguardSmallCapIndexFundAdmiralSharesMember http://www.atlam.com/20251231#RegisteredInvestmentCompaniesMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2010ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2015ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2020ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2025ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2030ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2035ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2040ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2045ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2050ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2055ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2060ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndex2065ClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#NuveenTiaaLifecycleIndexRetirementIncomeClassJMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember http://fasb.org/us-gaap-ebp/2025#EmployeeBenefitPlanParticipantDirectedMember http://www.atlam.com/20251231#GalliardCapitalManagementStableReturnFundMember http://fasb.org/us-gaap/2025#DefinedBenefitPlanCommonCollectiveTrustMember 2026-01-01 2030-12-31 0000008177 false false Certain investments that are measured at fair value using the NAV per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits. Participant-directed Indicates party in interest Indicates notes receivable from participants