美国大西洋 2025年度报告

FORM 11-K (Mark one) ☒ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 A.Full title of the plan and the address of the plan, if different from that of the issuer named below: Atlantic American Corporation401(k) Retirement Savings Plan B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Atlantic American Corporation4370 Peachtree Rd., N.E.Atlanta, Georgia 30319 ATLANTIC AMERICAN CORPORATION401(k) RETIREMENT SAVINGS PLAN The following exhibits are filed herewith: ATLANTIC AMERICAN CORPORATION401(k) RETIREMENT SAVINGS PLAN FINANCIAL STATEMENTSAND As of December 31, 2025 and 2024 and For The Year Ended December 31, 2025together Table of Contents Report of Independent Registered Public Accounting Firm Administrative CommitteeAtlantic American Corporation 401(k) Retirement Savings Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Atlantic American Corporation 401k RetirementSavings Plan (the “Plan”) as of December 31, 2025 and 2024, the related statements of changes in net assets available for benefits forthe years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financialstatements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, Basis of Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on thesefinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and arerequired to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditsto 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 ofour audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Report on Supplemental Information The supplemental information in the accompanying schedule of assets (held at end of year) and schedule of reportable transactions asof December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financialstatements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determiningwhether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, /s/ Forvis Mazars, LLP We have served as the Plan’s auditor since 2019. Atlanta, GAJune 25, 2026 ATLANTIC AMERICAN CORPORATION401(k) RETIREMENT SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS December 31, 2025 and 2024 NOTE 1—DESCRIPTION OF THE PLAN The following description of the Atlantic American Corporation 401(k) Retirement Savings Plan (the “Plan”) provides only generalinformation. Participating members (“Participants”) should refer to the Plan document for a more complete description of the Plan’sprovisions.Information with regard to eligibility,contributions,distributions,vesting,withdrawals,restoration,loans,fund General: The Plan is a defined contribution plan available to all U.S. employees of Atlantic American Corporation and its subsidiaries(collectively, the “Company”) except collective bargaining employees, nonresident aliens, and leased employees. Employees eligibleto participate are automatically enrolled effective on the date of employment. The Plan is subject to the provisions of the Employee Participating Companies: As of December 31, 2025 and 2024, the Company had five wholly-owned insurance subsidiaries, BankersFidelity Life Insurance Company and its wholly owned subsidiaries, Bankers Fidelity Assurance Company and Atlantic Capital LifeAssurance Company, American Southern Insurance Company and its wholly owned subsidiary, American Safety Insurance Company, Plan Administration: The trustee of the Plan (the “Trustee”) has custodial responsibility for the