<SEC-DOCUMENT>0001140361-23-031081.txt : 20230623
<SEC-HEADER>0001140361-23-031081.hdr.sgml : 20230623
<ACCEPTANCE-DATETIME>20230623104454
ACCESSION NUMBER:		0001140361-23-031081
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230623
DATE AS OF CHANGE:		20230623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATLANTIC AMERICAN CORP
		CENTRAL INDEX KEY:			0000008177
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				581027114
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03722
		FILM NUMBER:		231035366

	BUSINESS ADDRESS:	
		STREET 1:		4370 PEACHTREE RD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319
		BUSINESS PHONE:		4042665500

	MAIL ADDRESS:	
		STREET 1:		4370 PEACHTREE ROAD
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>brhc20054655_11k.htm
<DESCRIPTION>11-K
<TEXT>
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      <div style="text-align: center;">UNITED STATES</div>
      <div style="text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center;">Washington, D. C.&#160; 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">FORM 11-K</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(Mark one)</div>
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            <td style="width: 36pt; vertical-align: top;">&#9746;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
            </td>
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      <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; font-weight: bold;"><u>For the fiscal year ended December 31, 2022</u></div>
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      <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;">OR</div>
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            <td style="width: 36pt; vertical-align: top;">&#9744;</td>
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              <div>TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
            </td>
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      <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;">Commission File Number: 0-3722</div>
      <div><br>
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            <td style="width: 36pt; vertical-align: top;">A.</td>
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              <div>Full title of the plan and the address of the plan, if different from that of the issuer named below:</div>
            </td>
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      <div><br>
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      <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;">Atlantic American Corporation</div>
      <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;">401(k) Retirement Savings Plan</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z63d0fd6972994c7aaff759138e7d1902">

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            <td style="width: 36pt; vertical-align: top;">B.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:</div>
            </td>
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      <div><br>
      </div>
      <div style="text-align: center;">Atlantic American Corporation</div>
      <div style="text-align: center;">4370 Peachtree Rd., N.E.</div>
      <div style="text-align: center;">Atlanta, Georgia 30319</div>
      <div><br>
      </div>
      <div>
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      <div style="font-weight: bold;"><u>TABLE OF CONTENTS</u></div>
      <div><br>
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            <td style="width: 100%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div><u>SIGNATURES</u></div>
            </td>
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            <td style="width: 100%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div><u>Financial Statements and Supplemental Schedule</u></div>
            </td>
          </tr>
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            <td style="width: 100%; vertical-align: middle;">&#160;</td>
          </tr>
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            <td style="width: 100%; vertical-align: middle; background-color: rgb(204, 238, 255);">
              <div><u>Consent of FORVIS, LLP</u></div>
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      <div>SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-align: justify;">THE PLAN.&#160; Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf
        by the undersigned hereunto duly authorized.</div>
      <div><br>
      </div>
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            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;">Atlantic American Corporation</div>
            </td>
          </tr>
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            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">401(k) Retirement Savings Plan</div>
            </td>
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            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;">(Name of Plan)</div>
            </td>
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            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
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            <td style="width: 70%; vertical-align: top;">
              <div>June 23, 2023</div>
            </td>
            <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">/s/ J. Ross Franklin</div>
            </td>
          </tr>
          <tr>
            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;">J. Ross Franklin</div>
            </td>
          </tr>
          <tr>
            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;">Vice President, Chief Financial Officer and Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 70%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: center;">Atlantic American Corporation</div>
            </td>
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      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div>The following exhibits are filed herewith:</div>
      <div><br>
      </div>
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              <div>Exhibit 1:</div>
            </td>
            <td style="width: 89.68%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Financial Statements and Supplemental Schedule</div>
              <div style="text-align: justify;">As of December 31, 2022 and 2021 and for the year ended December 31, 2022 together with Report of Independent Registered Public Accounting Firm</div>
            </td>
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            <td style="width: 10.21%; vertical-align: top;">&#160;</td>
            <td style="width: 89.68%; vertical-align: top;">&#160;</td>
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            <td style="width: 10.21%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Exhibit 2:</div>
            </td>
            <td style="width: 89.68%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Consent of FORVIS, LLP</div>
              <div style="text-align: justify;">Independent Registered Public Accounting Firm</div>
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      <div style="text-align: center; font-weight: bold;">Exhibit 1</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">FINANCIAL STATEMENTS</div>
      <div style="text-align: center; font-weight: bold;">AND</div>
      <div style="text-align: center; font-weight: bold;">SUPPLEMENTAL SCHEDULE</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">As of December 31, 2022 and 2021 and For The Year Ended December 31, 2022</div>
      <div style="text-align: center; font-weight: bold;">together</div>
      <div style="text-align: center; font-weight: bold;">with</div>
      <div style="text-align: center; font-weight: bold;">Report of Independent Registered Public Accounting Firm</div>
      <div><br>
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      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">TABLE OF CONTENTS<a name="TABLEOFCONTENTS"><!--Anchor--></a></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
      <div><br>
      </div>
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              <div><a href="#ReportofIndependentRegist">Report of Independent Registered Public Accounting Firm</a></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1</div>
            </td>
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            <td style="width: 95%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 95%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#STATEMENTSOFNETASSETSAVAI">Statements of Net Assets Available for Benefits</a></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2</div>
            </td>
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            <td style="width: 95%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 95%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#STATEMENTOFCHANGESINNETAS">Statement of Changes in Net Assets Available for Benefits</a></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3</div>
            </td>
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            <td style="width: 95%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 95%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#NOTESTOFINANCIALSTATEMENT">Notes to Financial Statements</a></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4</div>
            </td>
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            <td style="width: 95%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 95%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div>Supplemental Schedule:</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
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            <td style="width: 95%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 95%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 9pt;"><a href="#SCHEDULEHLINE4iSCHEDULEOF">Schedule H, Line 4i - Schedule of Assets (Held at End of Year)</a></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">11</div>
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          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
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      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="font-weight: bold;">Report of Independent Registered Public Accounting Firm<a name="ReportofIndependentRegist"><!--Anchor--></a></div>
      <div>&#160;</div>
      <div>Administrative Committee and Participants<br>
      </div>
      <div>Atlantic American Corporation 401(k) Retirement Savings Plan</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Opinion on the Financial Statements</div>
      <div style="text-align: justify;">We have audited the accompanying statements of net assets available for benefits of Atlantic American Corporation 401(k) Retirement Savings Plan (the Plan) as of December 31, 2022 and 2021, the related statement of
        changes in net assets available for benefits for the year ended December 31, 2022, and the related notes and schedule (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements referred to above present
        fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2022 and 2021 and the changes in net assets available for benefits for the year ended December 31, 2022 in conformity with accounting principles
        generally accepted in the United States of America.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Basis of Opinion</div>
      <div style="text-align: justify;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal
        securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">We conducted our audits in accordance with the standards of the PCAOB.&#160; Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of
        material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of
        internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such
        procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as
        evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Report on Supplemental Information</div>
      <div style="text-align: justify;">The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2022 has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial
        statements. The supplemental schedule is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records,
        as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including
        its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the <font style="font-style: italic;">Employee Retirement Income Security Act of 1974</font>. In our opinion,
        the supplemental information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">/s/ FORVIS, LLP (Formerly, Dixon Hughes Goodman LLP)</div>
      <div>&#160;</div>
      <div style="text-align: justify;">We have served as the Plan&#8217;s auditor since 2019.</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">Atlanta, GA</div>
      <div style="font-weight: bold;">June 23, 2023</div>
      <div>
        <div><br>
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      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS<a name="STATEMENTSOFNETASSETSAVAI"><!--Anchor--></a></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="z76eaf2a7c34c4954b4f049ebadccd58b" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;"> 2022</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;"><u>ASSETS</u></div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Investments</font><font style="font-family: 'Times New Roman';">, at fair
                  value (Note 3):</font></div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Common/collective trusts</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>3,149,607</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>2,676,485</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Employer common stock fund</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>830,401</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>935,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Registered investment companies</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div>18,273,258</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div>25,653,339</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Total investments</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>22,253,266</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>29,264,854</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Receivables:</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Notes receivable from participants</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>186,697</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>169,675</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Contributions receivable from employer</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div>569,453</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
              <div>548,930</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">NET ASSETS AVAILABLE FOR BENEFITS</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>23,009,416</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>29,983,459</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;">See accompanying notes to financial statements.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="STATEMENTOFCHANGESINNETAS"><!--Anchor--></a>STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">For the Year Ended December 31, 2022</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="z2f534554375b48148aece0b88ef8d225" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Additions to Net Assets</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Contributions:</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Participants</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>1,027,591</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Employer</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>824,362</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Rollovers</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>307,441</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">TOTAL CONTRIBUTIONS</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>2,159,394</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Investment income (loss):</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Net depreciation in fair value of stock fund</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>(5,332,367</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Dividends and other income</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>401,493</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Interest income on notes receivable from participants</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>9,782</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">TOTAL (REDUCTIONS) ADDITIONS</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>(2,761,698</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Deductions from Net Assets</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Benefit payments to participants</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>4,158,415</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Fees</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>53,930</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">TOTAL DEDUCTIONS</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>4,212,345</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Net Decrease</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>(6,974,043</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Net Assets Available for Benefits at Beginning of Year</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>29,983,459</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Net Assets Available for Benefits at End of Year</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>23,009,416</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;">See accompanying notes to financial statements.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="NOTESTOFINANCIALSTATEMENT"><!--Anchor--></a>NOTES TO FINANCIAL STATEMENTS</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">NOTE 1&#8212;DESCRIPTION OF THE PLAN</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The following description of the Atlantic American Corporation 401(k) Retirement Savings Plan (the &#8220;Plan&#8221;) provides only general information.&#160; Participating members (&#8220;Participants&#8221;) should refer to the Plan document
        for a more complete description of the Plan&#8217;s provisions.&#160; Information with regard to eligibility, contributions, distributions, vesting, withdrawals, restoration, loans, fund redistribution, and definitions of all terms are contained in that
        document.&#160; The Administrative Committee, consisting of employees of the plan sponsor, is responsible for oversight of the Plan.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>General</u>: The Plan is a defined contribution plan available to all U.S. employees of Atlantic American Corporation and
          its subsidiaries (collectively, the &#8220;Company&#8221;) 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 (&#8220;ERISA&#8221;).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Participating Companies</u>: As of December 31, 2022, 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.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Plan Administration</u>: The trustee of the Plan (the &#8220;Trustee&#8221;) has custodial responsibility for the Plan&#8217;s assets,
          including the authority and power to, among other things, invest the principal and income of the Plan&#8217;s assets.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Contributions</u>: Eligible employees automatically become a participant and are enrolled into the Plan at a 6% deferral
          rate on their date of hire.&#160; 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 &#8220;Code&#8221;), and elect to contribute into any of the investment funds offered by the Plan.&#160; Participant pre-tax limitation was limited to $20,500 for 2022.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify;">Participants may also contribute amounts representing distributions from other qualified benefit plans.&#160; These contributions, if any, are classified as rollover contributions in the Statement of Changes in Net Assets
        Available for Benefits.&#160; Participants direct the investment of their contributions into various investment options offered by the Plan.&#160; Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up
        contributions to the Plan.&#160; The maximum individual catch-up contribution amount was $6,500 for 2022.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">On January 1, 2009, the Company adopted safe harbor plan provisions such that the Plan would operate on a safe harbor basis.&#160; Safe harbor contributions are fully vested immediately.&#160; The Company provides a matching
        employer contribution equal to a certain percentage of each participant&#8217;s contributions.&#160; 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.&#160; The employer profit-sharing contributions totaled $126,300 for the year ended December 31, 2022.&#160; For the year ended December 31, 2022, the Company&#8217;s employer matching contribution equaled 35% of up to the
        first 6% of a participant&#8217;s pre-tax contribution.&#160; 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 $305,000), which totaled $443,153 for the
        year ended December 31, 2022.&#160; The 2022 employer profit-sharing contributions and non-elective contributions are presented as contribution receivable from employer in the Statements of Net Assets Available for Benefits.&#160; All employer matching
        contributions are made in cash.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Vesting</u>: 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.&#160; Further, all contributions are invested at the direction of the participant.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants&#8217; &#8220;vested percentage&#8221; attributable to certain employer contributions is based on years of continuous service determined under the following schedule.</div>
      <div><br>
      </div>
      <div>Years of service:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="z648982b36846441581df2c0b3147e1e1" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-align: justify;">Less than one</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-align: justify;">One</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>20</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-align: justify;">Two</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>40</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-align: justify;">Three</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>60</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="text-align: justify;">Four</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>80</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-align: justify;">Five</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>100</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div>%</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants must have worked at least 1,000 hours in a calendar year for that year to count towards vesting.&#160; In addition, participants become fully vested upon retirement, death, or disability.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Benefits</u>: 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&#8217;s vested interest in his or her account, or such amounts may remain in the Plan but contributions cease.&#160; 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.&#160; 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.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Participant Accounts</u>:&#160; Individual accounts are maintained for each of the Plan&#8217;s participants and reflect the
          participant&#8217;s contributions, employer contributions, and the participant&#8217;s share of the Plan&#8217;s investment income (loss).&#160; Allocations of income (loss) are based on the proportion that each participant&#8217;s account balance bears to the total of all
          participant account balances and their investment elections.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Investment Options</u>: Participants may direct their contributions and any related earnings into several investment
          options in 1% increments.&#160; Participants may change their investment elections at any time, subject to certain fund restrictions.&#160; During 2022, there were 2 fund changes made.</font></div>
      <div><br>
      </div>
      <div>Effective 2020 within the Plan, new contributions to the Atlantic American Common Stock fund were not allowed.&#160; Those participants who were invested in the Atlantic American 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. There were no significant changes made to the available investment alternatives during 2021.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Forfeitures</u>: Amounts forfeited from non-vested accounts, if any, are generally used to pay for Plan expenses or
          reduce future employer contributions.&#160; Forfeitures of $8,102 were used to offset administrative expenses charged to the Plan in 2022. At December 31, 2022 and 2021, there were $29,848 and $16,611, respectively, of forfeiture funds available to be
          used in the future.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Notes Receivable from Participants</u>: 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.&#160; Participants may elect to have their loans disbursed from specific investment funds.&#160; Loan terms range from six months to five years or within a reasonable time if
          used for the purchase of a primary residence.&#160; The loans are secured by the vested value of the participants&#8217; 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% -
          8.00%.&#160; Principal and interest are paid ratably through payroll deductions.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Specified Hardship Withdrawals</u>:&#160; Upon written application to the Trustee by a participant for a specified hardship
          withdrawal, the participant may withdraw from his or her fund accounts.&#160; 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.&#160; 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<font style="font-weight: bold;">&#160;</font>more than one withdrawal during any calendar quarter.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Administrative Expenses</u>: The Company pays certain administrative expenses of the Plan.&#160; Trustee and recordkeeping
          fees are shared between the Company and the Plan.&#160; Each participant account is charged a $50 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.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">NOTE 2&#8212;ACCOUNTING POLICIES</div>
      <div> <br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Basis of Accounting and Use of Estimates</u>:&#160; 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 (&#8220;GAAP&#8221;).&#160; 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.</font></div>
      <div> <br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Notes Receivable from Participants:</u>&#160; Participant loans are classified as notes receivable from participants and are
          measured at the unpaid principal balance plus unpaid accrued interest.&#160; The Plan classifies all notes receivable from participants with no payments received for six (6) months as &#8220;in default.&#8221;&#160; 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.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Investment Valuation and Income Recognition</u>:&#160; The Plan&#8217;s investments are reported at estimated fair value. Where
          available, quoted market prices are used to value investments. Shares of registered investment companies are valued at the net asset value (&#8220;NAV&#8221;) of shares held by the Plan at year-end. The Plan&#8217;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&#8217;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.&#160; 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.&#160; The common/collective trusts do
          not have a finite life, unfunded commitments or significant restriction on redemptions and participant transactions may occur daily.</font></div>
      <div> <br>
      </div>
      <div style="text-align: justify;">Purchases and sales of securities are recorded on a trade date basis. Dividends are recorded on the ex-dividend date.&#160; Interest income is recorded on an accrual basis.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Investment securities, in general, are exposed to various risks, including interest rate, credit, and overall market volatility risks.&#160; 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><br>
      </div>
      <div style="text-align: justify;">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.&#160; The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three broad levels.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z00e9f6f78065428c9f2766d2c8cf0f7d">

          <tr>
            <td style="width: 45pt; vertical-align: top;">Level 1</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>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.&#160; The Plan assets identified as Level 1 instruments include investments in
                registered investment companies.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z91c65274b3a34b359f0b7f11f6be5020">

          <tr>
            <td style="width: 45pt; vertical-align: top;">Level 2</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets or liabilities.&#160; The Plan assets identified as Level 2 instruments include investments in the employer common stock
                fund.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z72d3b2b973a94f4eb5f3e657f4f8b5fc">

          <tr>
            <td style="width: 45pt; vertical-align: top;">Level 3</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk).&#160; 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.&#160; The use of different criteria or assumptions regarding data may yield different valuations.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Net Appreciation (Depreciation)</u>: 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.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman';"><u>Payment of Benefits</u>:&#160; Distributions to participants are recorded when payment is made.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">NOTE 3&#8212;INVESTMENTS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">As of December 31, 2022, assets carried at fair value were measured on a recurring basis as summarized below:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" class="cfttable" id="z3d5cc755564246c4b15340890ea2077b" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Quoted Prices in</div>
              <div style="text-align: center;">Active Markets</div>
              <div style="text-align: center;">for Identical Assets</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Significant</div>
              <div style="text-align: center;">Other Observable</div>
              <div style="text-align: center;">Inputs</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Significant</div>
              <div style="text-align: center;">Unobservable</div>
              <div style="text-align: center;">Inputs</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 1)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 2)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 3)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">Total</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Employer common stock fund</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>830,401</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>830,401</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Registered investment companies</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>18,273,258</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>18,273,258</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Total investments in the fair value hierarchy</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>18,273,258</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>830,401</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div>19,103,659</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Common/collective trusts measured at NAV*</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>3,149,607</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Total</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div>22,253,266</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          </tr>

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      <div><br>
      </div>
      <div>As of December 31, 2021, assets carried at fair value were measured on a recurring basis as summarized below:</div>
      <div><br>
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      <table cellspacing="0" cellpadding="0" class="cfttable" id="z932f967ebb3b437bae826e8cd8a1edf8" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Quoted Prices in</div>
              <div style="text-align: center;">Active Markets</div>
              <div style="text-align: center;">for Identical Assets</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Significant</div>
              <div style="text-align: center;">Other Observable</div>
              <div style="text-align: center;">Inputs</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">
              <div style="text-align: center;">Significant</div>
              <div style="text-align: center;">Unobservable</div>
              <div style="text-align: center;">Inputs</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 1)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 2)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">(Level 3)</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center;">Total</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Employer common stock fund</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>935,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
              <div>935,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Registered investment companies</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>25,653,339</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>25,653,339</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Total investments in the fair value hierarchy</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>25,653,339</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>935,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px; background-color: #CCEEFF;">
              <div>26,588,369</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Common/collective trusts measured at NAV*</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div>2,676,485</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Total</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div>$</div>
            </td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;">
              <div>29,264,854</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze2b707bf0ffd4bca94b7a40013e80596">

          <tr>
            <td style="width: 18pt; vertical-align: top;">*</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Certain investments that are measured at fair value using the NAV per share practical expedient have not been categorized in the fair value hierarchy.&#160; 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>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">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.&#160; For the year ended December 31, 2022, there were no material transfers between levels 1, 2, or 3.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; font-weight: bold;">NOTE 4&#8212;TAX STATUS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan uses a Prototype Plan sponsored by the Trustee. The Trustee received an opinion letter from the Internal Revenue Service (&#8220;IRS&#8221;), 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&#8217;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&#8217;s financial statements.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">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, 2022 and 2021, 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 disqualification of the Plan&#8217;s tax-exempt status; however, there are currently no audits for any tax periods in progress.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">NOTE 5&#8212;PLAN TERMINATION</div>
      <div><br>
      </div>
      <div style="text-align: justify;">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.&#160; In the event of
        Plan termination, participants will become fully vested in their accounts as of the termination date.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">NOTE 6&#8212;PARTY-IN-INTEREST TRANSACTIONS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan held 325,252 shares and 333,861 shares of Atlantic American Corporation (the plan sponsor) common stock as of December 31, 2022 and 2021, 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 $830,401 and $935,030, at December 31, 2022 and 2021, respectively.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Certain investments totaling $3,149,607 and $2,676,485, held by the Plan at December 31, 2022 and 2021, respectively, are managed by the Trustee and/or its affiliates.&#160; These investments, as well as notes receivable
        from participants, qualify as party-in-interest transactions.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div style="text-align: center; font-weight: bold;">PLAN NUMBER 001</div>
      <div style="text-align: center; font-weight: bold;">58-1027114</div>
      <div><br>
      </div>
      <a name="SCHEDULEHLINE4iSCHEDULEOF"><!--Anchor--></a>
      <div style="text-align: center; font-weight: bold;">SCHEDULE H, LINE 4i&#8212;SCHEDULE OF ASSETS (HELD AT END OF YEAR)</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc7908153aee04922955a9cbd0ccf58e4">

          <tr>
            <td style="width: 100%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">December 31, 2022</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" class="cfttable" id="z5c50807e63124d55b80f64002209b0e2" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 3%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 25%;">
              <div style="text-align: center; font-weight: bold;">Identity of Issue, Borrower,</div>
              <div style="text-align: center; font-weight: bold;">Lessor, or Similar Party</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 47%;">
              <div style="text-align: center;">Description of Investment</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 10%;">
              <div style="text-align: center;">Cost</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; text-indent: -9pt;">Current</div>
              <div style="text-align: center; text-indent: -9pt;">Value</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>Employer common stock fund:</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="text-align: left;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div>Atlantic American Corporation</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div>Atlantic American Corporation Common Stock Fund, 69,216 units</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">&#160;&#160;(a)</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>$</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>830,401</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; padding-bottom: 2px;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; padding-bottom: 2px;">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px;">&#160;</td>
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            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div>830,401</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>Baron Capital Group</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Baron Growth Fund, 14,592 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>1,338,069</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>Columbia</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Columbia Small Cap Value II Inst3, 16,620 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>273,563</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>BlackRock</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>BlackRock Income Fund V, 8,141 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>70,827</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>Fidelity Investments</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Fidelity 500 Index-Inst Prm, 8,798 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>1,171,155</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>Fidelity Global ex US Index Fund, 47,997 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">
              <div>602,362</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Fidelity Puritan Fund, 75,153 units</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>1,540,643</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>Fidelity Total Market Index Fund, 2,154 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">
              <div>228,315</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Fidelity US Bond Index, 35,412 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>360,495</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>JPMorgan</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div>116,845</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>JPMorgan Large Cap Growth Fund, 55,830 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">
              <div>2,619,554</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">
              <div>Metropolitan West Funds</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>Metropolitan West Total Return Bond Plan, 33,079 units</div>
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            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">
              <div>280,511</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">
              <div>Oppenheimer Funds</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">
              <div>Invesco Oppenheimer Global Opportunities R6, 0 units</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">
              <div style="text-align: center;">(a)</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>Invesco Oppenheimer International Small-Mid Co Fund, Class R6, 3,465 units</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 10%; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">(a)</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>135,305</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 25%; background-color: rgb(204, 238, 255);">
              <div>T. Rowe Price</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 47%; background-color: rgb(204, 238, 255);">
              <div>T. Rowe Price Blue Chip Growth I Fund,&#160; 0 units</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">(a)</div>
            </td>
            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);">
              <div>-</div>
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            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>

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      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div style="text-align: center; font-weight: bold;">PLAN NUMBER 001</div>
      <div style="text-align: center; font-weight: bold;">58-1027114</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SCHEDULE H, LINE 4i&#8212;SCHEDULE OF ASSETS (HELD AT END OF YEAR) (CONTINUED)</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2d3d9aae2c4444779900f61e1337c0f6">

          <tr>
            <td style="width: 100%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">December 31, 2022</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 3%; vertical-align: bottom;">&#160;</td>
              <td style="width: 1.03%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Identity of Issue, Borrower,</div>
                <div style="text-align: center; font-weight: bold;">Lessor, or Similar Party</div>
              </td>
              <td style="width: 1%; vertical-align: top;">&#160;</td>
              <td style="width: 47%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center;">Description of Investment</div>
              </td>
              <td style="width: 1%; vertical-align: top;">&#160;</td>
              <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center;">Cost</div>
              </td>
              <td style="width: 1.03%; vertical-align: bottom;">&#160;</td>
              <td colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
              <td style="width: 9.13%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; text-indent: -9pt; margin-left: 9pt;">Current</div>
                <div style="text-align: center; text-indent: -9pt; margin-left: 9pt;">Value</div>
              </td>
              <td style="width: 1.03%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">
                <div>
                  <div style="font-family: 'Times New Roman', Times, serif;">State Street Global Advisors</div>
                </div>
              </td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>
                  <div>State Str Instl Invt Tr Trgt Rtmt 65K, 441 units</div>
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              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">5,283</div>
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              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>State Street Target Retirement 2020, 28,901 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">291,319</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>State Street Target Retirement 2025, 99,415 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">1,072,690</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>State Street Target Retirement 2030, 93,720 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                  <div style="font-family: 'Times New Roman',Times,serif;">1,055,293</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>State Street Target Retirement 2035, 76,432 units</div>
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              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
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              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
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                  <div style="font-family: 'Times New Roman',Times,serif;">898,079</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>State Street Target Retirement 2040, 38,092 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
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              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">
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                  <div style="font-family: 'Times New Roman',Times,serif;">452,531</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>State Street Target Retirement 2045, 31,028 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
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              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>377,306</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>State Street Target Retirement 2050, 89,146 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
                <div style="text-align: center;">(a)</div>
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              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">
                <div>1,076,881</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>State Street Target Retirement 2055, 20,158 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
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              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>249,158</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>State Street Target Retirement 2060, 10,211 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
                <div style="text-align: center;">(a)</div>
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              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">
                <div>127,541</div>
              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>State Street Target Retirement Fund, 59,998 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>605,382</div>
              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 47%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 25%;">
                <div>Vanguard</div>
              </td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 47%;">
                <div>
                  <div>Vanguard Equity Income, 14,584 units</div>
                </div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
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              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">
                <div>1,234,282</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>Vanguard Mid-Cap Index Inv Fund, 5,161 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">
                <div>1,302,997</div>
              </td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 47%;">
                <div>Vanguard Small Cap Index Fund, Admiral Shares,8,948 units</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div>786,872</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; padding-bottom: 2px;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 47%;">
                <div>Subtotal Registered investment companies</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>18,273,258</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 25%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 47%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div>Common/collective trusts:</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 3%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">* <br>
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              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 25%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                <div>Wells Fargo Bank, NA</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 47%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                <div>
                  <div>Wells Fargo Stable Return Fund G, 52,441 units</div>
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              <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                <div style="text-align: center;">(a)</div>
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              <td valign="bottom" style="vertical-align: top; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div>3,149,607</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" colspan="1" style="vertical-align: top; width: 3%; padding-bottom: 2px;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; width: 1.03%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: top; padding-bottom: 2px; width: 25%;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 47%;">
                <div>Subtotal Common/collective trusts</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 10%; padding-bottom: 2px;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; width: 1.03%; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.13%; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>3,149,607</div>
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              <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px;">&#160;</td>
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      <div><br>
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      <div> </div>
      <div></div>
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        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
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          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
      <div style="text-align: center; font-weight: bold;">401(k) RETIREMENT SAVINGS PLAN</div>
      <div style="text-align: center; font-weight: bold;">PLAN NUMBER 001</div>
      <div style="text-align: center; font-weight: bold;">58-1027114</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SCHEDULE H, LINE 4i&#8212;SCHEDULE OF ASSETS (HELD AT END OF YEAR) (CONTINUED)</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">
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            <tr>
              <td style="width: 100%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">December 31, 2022</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 3.9%; vertical-align: bottom;">&#160;</td>
            <td style="width: 22.59%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Identity of Issue, Borrower,</div>
              <div style="text-align: center; font-weight: bold;">Lessor, or Similar Party</div>
            </td>
            <td style="width: 0.92%; vertical-align: top;">&#160;</td>
            <td style="width: 60%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Description of Investment</div>
            </td>
            <td style="width: 0.92%; vertical-align: top;">&#160;</td>
            <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Cost</div>
            </td>
            <td style="width: 0.92%; vertical-align: bottom;">&#160;</td>
            <td style="width: 9.06%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; text-indent: -9pt; margin-left: 9pt;">Current</div>
              <div style="text-align: center; text-indent: -9pt; margin-left: 9pt;">Value</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.9%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 22.59%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 0.92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 60%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 0.92%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 0.92%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 9.06%; vertical-align: bottom;">&#160;</td>
          </tr>

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          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 4%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="text-align: left;">*</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 23%; background-color: rgb(204, 238, 255);">
              <div>Various Plan Participants</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%; background-color: rgb(204, 238, 255);">
              <div>Participant loans:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 4%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 23%;">&#160;&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%;">
              <div>Participant loans, maturing in 2023 through 2027</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 4%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 23%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div>bearing interest at rates from 4.25% - 8.00%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.06%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>186,697</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
              <div>**</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 4%; padding-bottom: 2px;" colspan="1" class="cftnumcell">** <br>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 23%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%; padding-bottom: 2px;">
              <div>Subtotal Participant loans</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.06%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>186,697</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 4%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 23%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.06%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 4%; padding-bottom: 4px;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 23%; padding-bottom: 4px;">
              <div>TOTAL</div>
            </td>
            <td valign="bottom" style="vertical-align: top; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: top; width: 60%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.06%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>22,439,963</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
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      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z76ef4dabad4140fc92ea591a0d9a43db">

          <tr>
            <td style="width: 18pt; vertical-align: top;">*</td>
            <td style="width: auto; vertical-align: top;">
              <div>Indicates party in interest</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdd042bb1e0304c3182cc6e62c437b2ad">

          <tr>
            <td style="width: 18pt; vertical-align: top;">**</td>
            <td style="width: auto; vertical-align: top;">
              <div>Indicates notes receivable from participants</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z55d418bcb18448fc949914c66fe81fe8">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(a)</td>
            <td style="width: auto; vertical-align: top;">
              <div>Participant-directed</div>
            </td>
          </tr>

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      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageFooter" style="width: 100%;"></div>
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div class="BRPFPageHeader" style="width: 100%;">
          <div style="font-weight: bold;"><font style="font-weight: normal; font-style: italic; font-size: 8pt;"> <a href="#TABLEOFCONTENTS">Table of Contents</a></font><br>
          </div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">Exhibit 2</div>
      <div><br>
      </div>
      <div style="text-align: justify;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
      <div><br>
      </div>
      <div>We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-90890) of Atlantic American Corporation of our report dated June 23, 2023, with respect to the financial statements and supplemental schedule of
        Atlantic American Corporation 401(k) Retirement Savings Plan included in this Annual Report on Form 11-K for the year ended December 31, 2022.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">/s/ FORVIS, LLP (Formerly, Dixon Hughes Goodman LLP)</div>
      <div style="text-align: justify;">Atlanta, Georgia</div>
      <div><br>
      </div>
      <div style="text-align: justify;">June 23, 2023</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: center;"> <font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
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