Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.

AAME — Fair Value Analysis

ATLANTIC AMERICAN CORP

Current: $1.21Undervalued

Fair Value Range

Bear Case (25th pct.)

$1.59

31.4% vs price

Base Case (Median)

$2.17

79.3% vs price

Bull Case (75th pct.)

$2.76

128.1% vs price

$1.59$2.17$2.76

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$1.00	-17.3%	High (40%)
PE Comparable	$3.34	176.2%	Medium (25%)

Interpretation

Based on 2 out of 8 methods, AAME appears undervalued at the current price of $1.21. The base case fair value of $2.17 implies 79.3% upside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.