Atlantic AmericanCorp. on March 29 reported fourth-quarter 2015 operating income of $393,000,down from $1.2 million in the prior-year quarter.

Net income was $114,000, or zero cents per common share, comparedwith $1.3 million, or 6 cents per common share, in the year-ago period. The dropwas attributable to a decline in realized investment gains of $400,000 and an increasein operating expenses. The company posted net realized investment losses of $249,000in the fourth quarter of 2015, compared with net realized investment gains of $130,000in the prior-year period.

Insurance premiums for the fourth quarter of 2015 dropped to$37.5 million from $38.3 million in the year-ago quarter.

For full year 2015, Atlantic American saw operating income of$851,000, compared with $2.6 million in 2014.

Net income was flat year over year at $4.4 million, or 19 centsper common share.