XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.2

Investments (Tables)

6 Months Ended

Jun. 30, 2021

Investments [Abstract]

Investments Aggregated by Type and Industry

Fixed maturities were comprised of the following:

		June 30, 2021
		Estimated Fair Value				Gross Unrealized Gains				Gross Unrealized Losses				Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities		$	37,393			$	887			$	156			$	36,662
Obligations of states and political subdivisions			11,843				943				—				10,900
Corporate securities:
Utilities and telecom			30,813				3,363				29				27,479
Financial services			77,409				8,032				63				69,440
Other business – diversified			40,936				5,094				89				35,931
Other consumer – diversified			59,164				7,723				96				51,537
Total corporate securities			208,322				24,212				277				184,387
Redeemable preferred stocks:
Other consumer – diversified			250				58				—				192
Total redeemable preferred stocks			250				58				—				192
Total fixed maturities		$	257,808			$	26,100			$	433			$	232,141

		December 31, 2020
		Estimated Fair Value				Gross Unrealized Gains				Gross Unrealized Losses				Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities		$	30,762			$	1,381			$	26			$	29,407
Obligations of states and political subdivisions			11,802				898				—				10,904
Corporate securities:
Utilities and telecom			30,359				4,423				—				25,936
Financial services			78,258				9,811				6				68,453
Other business – diversified			41,145				5,689				15				35,471
Other consumer – diversified			61,530				9,479				47				52,098
Total corporate securities			211,292				29,402				68				181,958
Redeemable preferred stocks:
Other consumer – diversified			250				58				—				192
Total redeemable preferred stocks			250				58				—				192
Total fixed maturities		$	254,106			$	31,739			$	94			$	222,461

Bonds having an amortized cost of $10,923 and $10,670 and included in the tables above were on deposit with insurance regulatory authorities as of June 30, 2021 and December 31, 2020, respectively, in accordance with statutory requirements. Additionally, bonds having an amortized cost of $6,394 and $1,997 and included in the tables above were pledged as collateral to FHLB at June 30, 2021 and December 31, 2020, respectively.

Equity securities were comprised of the following:

		June 30, 2021
		Estimated Fair Value				Gross Unrealized Gains				Gross Unrealized Losses				Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		$	681			$	481			$	—			$	200
Other business – diversified			21,222				16,589				—				4,633
Total equity securities		$	21,903			$	17,070			$	—			$	4,833

		December 31, 2020
		Estimated Fair Value				Gross Unrealized Gains				Gross Unrealized Losses				Cost
Equity securities:
Common and non-redeemable preferred stocks:
Financial services		$	2,111			$	351			$	—			$	1,760
Other business – diversified			16,605				11,972				—				4,633
Total equity securities		$	18,716			$	12,323			$	—			$	6,393

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 June 30, 2021 and December 31, 2020 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.

		June 30, 2021								December 31, 2020
		Carrying Value				Amortized Cost				Carrying Value				Amortized Cost
Due in one year or less		$	2,520			$	2,501			$	2,041			$	2,015
Due after one year through five years			22,991				21,415				18,373				17,039
Due after five years through ten years			83,491				76,075				89,892				79,993
Due after ten years			123,313				106,754				124,609				104,527
Asset backed securities			25,493				25,396				19,191				18,887
Totals		$	257,808			$	232,141			$	254,106			$	222,461

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 June 30, 2021 and December 31, 2020.

		June 30, 2021
		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		$	12,341			$	156			$	—			$	—			$	12,341			$	156
Corporate securities			7,944				277				—				—				7,944				277
Total temporarily impaired securities		$	20,285			$	433			$	—			$	—			$	20,285			$	433

		December 31, 2020
		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		$	7,045			$	26			$	—			$	—			$	7,045			$	26
Corporate securities			4,602				68				—				—				4,602				68
Total temporarily impaired securities		$	11,647			$	94			$	—			$	—			$	11,647			$	94

Summary of Realized Investment Gains

The following tables summarize realized investment gains for the three month period ended June 30, 2021 and the six month periods ended June 30, 2021 and 2020. There were no realized investment gains (losses) in the three month period ended June 30, 2020.

		Three Months Ended June 30, 2021
		Fixed Maturities				Equity Securities				Other Invested Assets				Total
Gains		$	50			$	—			$	—			$	50
Losses			—				—				—				—
Realized investment gains, net		$	50			$	—			$	—			$	50

		Six Months Ended June 30, 2021
		Fixed Maturities				Equity Securities				Other Invested Assets				Total
Gains		$	171			$	—			$	—			$	171
Losses			—				—				—				—
Realized investment gains, net		$	171			$	—			$	—			$	171

		Six Months Ended June 30, 2020
		Fixed Maturities				Equity Securities				Other Invested Assets				Total
Gains		$	249			$	—			$	—			$	249
Losses			—				—				—				—
Realized investment gains, net		$	249			$	—			$	—			$	249

Unrealized Gains (Losses) on Equity Securities

The following table presents the portion of unrealized gains (losses) related to equity securities still held for the three month and six month periods ended June 30, 2021 and 2020.

		Three Months Ended June 30,								Six Months Ended June 30,
		2021				2020				2021				2020
Net realized and unrealized gains (losses) recognized during the period on equity securities		$	4,003			$	1,355			$	4,747			$	(7,100	)
Less: Net realized gains (losses) recognized during the period on equity securities sold during the period			—				—				—				—
Unrealized gains (losses) recognized during the reporting period on equity securities, net		$	4,003			$	1,355			$	4,747			$	(7,100	)

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:	dtr-types: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:	dtr-types: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:	dtr-types: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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration