XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.19.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments [Abstract] |
Investments Aggregated by Type and Industry | Fixed maturities were comprised of the following:
|  | 2018 |
|  | Estimated Fair Value |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Amortized Cost |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |
Bonds: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies and authorities |  | $ | 27,422 |  |  | $ | 36 |  |  | $ | 1,061 |  |  | $ | 28,447 |
Obligations of states and political subdivisions |  |  | 8,364 |  |  |  | 347 |  |  |  | 72 |  |  |  | 8,089 |
Corporate securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utilities and telecom |  |  | 19,642 |  |  |  | 873 |  |  |  | 431 |  |  |  | 19,200 |
Financial services |  |  | 49,477 |  |  |  | 747 |  |  |  | 2,942 |  |  |  | 51,672 |
Other business – diversified |  |  | 49,196 |  |  |  | 226 |  |  |  | 2,844 |  |  |  | 51,814 |
Other consumer – diversified |  |  | 56,093 |  |  |  | 84 |  |  |  | 4,501 |  |  |  | 60,510 |
Total corporate securities |  |  | 174,408 |  |  |  | 1,930 |  |  |  | 10,718 |  |  |  | 183,196 |
Redeemable preferred stocks: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other consumer – diversified |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | 192 |
Total redeemable preferred stocks |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | 192 |
Total fixed maturities |  | $ | 210,386 |  |  | $ | 2,313 |  |  | $ | 11,851 |  |  | $ | 219,924 |
|  | 2017 |
|  | Estimated Fair Value |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Amortized Cost |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |
Bonds: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies and authorities |  | $ | 31,155 |  |  | $ | 149 |  |  | $ | 511 |  |  | $ | 31,517 |
Obligations of states and political subdivisions |  |  | 10,809 |  |  |  | 630 |  |  |  | 1 |  |  |  | 10,180 |
Corporate securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utilities and telecom |  |  | 21,882 |  |  |  | 1,709 |  |  |  | 130 |  |  |  | 20,303 |
Financial services |  |  | 53,686 |  |  |  | 2,049 |  |  |  | 453 |  |  |  | 52,090 |
Other business – diversified |  |  | 44,184 |  |  |  | 1,024 |  |  |  | 1,349 |  |  |  | 44,509 |
Other consumer – diversified |  |  | 53,200 |  |  |  | 924 |  |  |  | 1,477 |  |  |  | 53,753 |
Total corporate securities |  |  | 172,952 |  |  |  | 5,706 |  |  |  | 3,409 |  |  |  | 170,655 |
Redeemable preferred stocks: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other consumer – diversified |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | 192 |
Total redeemable preferred stocks |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | 192 |
Total fixed maturities |  | $ | 215,108 |  |  | $ | 6,485 |  |  | $ | 3,921 |  |  | $ | 212,544 |
Bonds having an amortized cost of $10,452 and $11,178 and included in the tables above were on deposit with insurance regulatory authorities at December 31, 2018 and 2017, respectively, in accordance with statutory requirements.
|  | 2018 |
|  | Estimated Fair Value |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Cost or Amortized Cost |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |
Common and non-redeemable preferred stocks: |  |  |  |  |  |  |  |  |  |  |  |
Utilities and telecom |  |  | 1,686 |  |  |  | 722 |  |  |  | - |  |  |  | 964 |
Financial services |  |  | 4,552 |  |  |  | 172 |  |  |  | - |  |  |  | 4,380 |
Other business – diversified |  |  | 306 |  |  |  | 259 |  |  |  | - |  |  |  | 47 |
Other consumer – diversified |  |  | 14,214 |  |  |  | 9,090 |  |  |  | - |  |  |  | 5,124 |
Total equity securities |  | $ | 20,758 |  |  | $ | 10,243 |  |  | $ | - |  |  | $ | 10,515 |
|  | 2017 |
|  | Estimated Fair Value |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Cost or Amortized Cost |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |
Common and non-redeemable preferred stocks: |  |  |  |  |  |  |  |  |  |  |  |
Utilities and telecom |  |  | 1,588 |  |  |  | 624 |  |  |  | - |  |  |  | 964 |
Financial services |  |  | 5,634 |  |  |  | 851 |  |  |  | - |  |  |  | 4,783 |
Other business – diversified |  |  | 297 |  |  |  | 250 |  |  |  | - |  |  |  | 47 |
Other consumer – diversified |  |  | 15,836 |  |  |  | 10,712 |  |  |  | - |  |  |  | 5,124 |
Total equity securities |  | $ | 23,355 |  |  | $ | 12,437 |  |  | $ | - |  |  | $ | 10,918 |
Amortized Cost and Carrying Value of Fixed Maturities by Contractual Maturity | The carrying value and amortized cost of the Company’s investments in fixed maturities at December 31, 2018 and 2017 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.
|  | 2018 |  |  | 2017 |
|  | Carrying Value |  |  | Amortized Cost |  |  | Carrying Value |  |  | Amortized Cost |
Due in one year or less |  | $ | 3,150 |  |  | $ | 3,150 |  |  | $ | 1,653 |  |  | $ | 1,655 |
Due after one year through five years |  |  | 19,787 |  |  |  | 19,699 |  |  |  | 13,738 |  |  |  | 14,056 |
Due after five years through ten years |  |  | 127,617 |  |  |  | 133,863 |  |  |  | 112,847 |  |  |  | 112,116 |
Due after ten years |  |  | 43,823 |  |  |  | 46,338 |  |  |  | 67,328 |  |  |  | 64,928 |
Asset backed securities |  |  | 16,009 |  |  |  | 16,874 |  |  |  | 19,542 |  |  |  | 19,789 |
Totals |  | $ | 210,386 |  |  | $ | 219,924 |  |  | $ | 215,108 |  |  | $ | 212,544 |
Investment Securities with Continuous Unrealized Loss Position | The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of December 31, 2018 and 2017.
| 2018 |
| Less than 12 months |  | 12 months or longer |  | Total |
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |
U.S. Treasury securities and obligations of U.S. Government agencies and authorities |  | $ | - |  |  | $ | - |  |  | $ | 24,786 |  |  | $ | 1,061 |  |  | $ | 24,786 |  |  | $ | 1,061 |
Obligations of states and political subdivisions |  |  | - |  |  |  | - |  |  |  | 3,980 |  |  |  | 72 |  |  |  | 3,980 |  |  |  | 72 |
Corporate securities |  |  | 49,633 |  |  |  | 1,592 |  |  |  | 97,012 |  |  |  | 9,126 |  |  |  | 146,645 |  |  |  | 10,718 |
Total temporarily impaired securities |  | $ | 49,633 |  |  | $ | 1,592 |  |  | $ | 125,778 |  |  | $ | 10,259 |  |  | $ | 175,411 |  |  | $ | 11,851 |
| 2017 |
| Less than 12 months |  | 12 months or longer |  | Total |
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |
U.S. Treasury securities and obligations of U.S. Government agencies and authorities |  | $ | 12,175 |  |  | $ | 162 |  |  | $ | 12,737 |  |  | $ | 349 |  |  | $ | 24,912 |  |  | $ | 511 |
Obligations of states and political subdivisions |  |  | 999 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 999 |  |  |  | 1 |
Corporate securities |  |  | 40,108 |  |  |  | 653 |  |  |  | 32,667 |  |  |  | 2,756 |  |  |  | 72,775 |  |  |  | 3,409 |
Total temporarily impaired securities |  | $ | 53,282 |  |  | $ | 816 |  |  | $ | 45,404 |  |  | $ | 3,105 |  |  | $ | 98,686 |  |  | $ | 3,921 |
Investment Income Earned | Investment income was earned from the following sources:
|  | 2018 |  |  | 2017 |
Fixed maturities |  | $ | 8,432 |  |  | $ | 8,297 |
Equity securities |  |  | 440 |  |  |  | 467 |
Other |  |  | 677 |  |  |  | (268 | )
Net investment income |  | $ | 9,549 |  |  | $ | 8,496 |
Summary of Realized Investment Gains (Losses) | A summary of realized investment gains (losses) follows:
| 2018 |
| Fixed Maturities |  | Equity Securities |  | Other Invested Assets |  | Total |
Gains |  | $ | 884 |  |  | $ | 272 |  |  | $ | 5,827 |  |  | $ | 6,983 |
Losses |  |  | (1,829 | ) |  |  | - |  |  |  | - |  |  |  | (1,829 | )
Realized investment gains (losses), net |  | $ | (945 | ) |  | $ | 272 |  |  | $ | 5,827 |  |  | $ | 5,154 |
| 2017 |
| Fixed Maturities |  | Equity Securities |  | Other Invested Assets |  | Total |
Gains |  | $ | 2,226 |  |  | $ | 1,044 |  |  | $ | 6,040 |  |  | $ | 9,310 |
Losses |  |  | (142 | ) |  |  | - |  |  |  | - |  |  |  | (142 | )
Realized investment gains, net |  | $ | 2,084 |  |  | $ | 1,044 |  |  | $ | 6,040 |  |  | $ | 9,168 |
Proceeds from Sales of Investments | Proceeds from the sales of investments were as follows:
|  | 2018 |  |  | 2017 |
Fixed maturities |  | $ | 30,078 |  |  | $ | 72,760 |
Equity securities |  |  | - |  |  |  | 1,579 |
Other investments |  |  | 10,839 |  |  |  | 9,653 |
Total proceeds |  | $ | 40,917 |  |  | $ | 83,992 |
Unrealized Gains (Losses) Related to Equity Securities |
|  | 2018 |  |  | 2017 |
Net gains (losses) recognized during the period on equity securities |  | $ | (1,922 | ) |  | $ | - |
Less: Net gains (losses) recognized during the period on equity securities sold during the period |  |  | (272 | ) |  |  | - |
Net unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date |  | $ | (2,194 | ) |  | $ | - |

X
- Definition A tabular disclosure of cash proceeds from investments during the income statement period. + References No definition available. + Details
Name: | aame_ProceedsFromSaleOfInvestmentsTableTextBlock
Namespace Prefix: | aame_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on equity investments. + References No definition available. + Details
Name: | aame_UnrealizedGainLossOnEquityInvestmentsTableTextBlock
Namespace Prefix: | aame_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration