Is ATLANTIC AMERICAN CORP (AAME) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Life | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Life | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 12.5% | |
| Operating Margin | 2.9% | |
| Net Margin | 2.5% | |
| Return on Equity (ROE) | 4.7% | |
| Return on Assets (ROA) | 1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | $5M |
| Total Debt | $38M |
| Debt-to-Equity | 39.0 |
| Current Ratio | 1.5 |
| Total Assets | $393M |
Price & Trading
| Last Close | $2.48 |
| 50-Day MA | $2.68 |
| 200-Day MA | $2.69 |
| Avg Volume | 15K |
| Beta | 0.8 |
|
52-Week Range
$1.26
| |
About ATLANTIC AMERICAN CORP (AAME)
Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability insurance; and inland marine insurance products. It also provides surety bond coverage for subdivision construction; school bus contracts; and performance and payment bonds. In addition, the company offers individual and group whole life insurance products; Medicare supplement insurance products; other accident and health insurance products comprising various individual and group policies for the payment of standard benefits for the treatment of cancer and other critical illnesses; Vantage Flex Plus, a hospital indemnity plan; and Vantage Recovery short-term care product and a group whole life product. It markets its products through independent agents and brokers. The company was founded in 1937 and is based in Atlanta, Georgia. Atlantic American Corporation operates as a subsidiary of Atlantic American / Delta Group.
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Frequently Asked Questions
Is ATLANTIC AMERICAN CORP (AAME) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ATLANTIC AMERICAN CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ATLANTIC AMERICAN CORP's debt ratio?
ATLANTIC AMERICAN CORP's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ATLANTIC AMERICAN CORP's key financial metrics?
ATLANTIC AMERICAN CORP has a market capitalization of $49M, trailing P/E ratio of 10.4, and revenue of $188M. The company maintains a gross margin of 12.5% and a net margin of 2.5%. Return on equity stands at 4.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.