v3.25.2
Credit Arrangements - Junior Subordinated Debentures (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
Trust
Quarter
Jun. 30, 2023
Dec. 31, 2024
USD ($)
Aug. 04, 2024
USD ($)
Credit Arrangements [Abstract]        
Number of Connecticut statutory business trusts (in Trust) | Trust 2      
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust $ 33,738   $ 33,738  
Junior Subordinated Debentures [Member]        
Credit Arrangements [Abstract]        
Variable rate term 3 months 3 months    
Investment, Variable Interest Rate, Type [Extensible Enumeration]   LondonInterbankOfferedRateMember    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] SecuredOvernightFinancingRateSofrMember      
Basis spread on variable rate 0.26161%      
Debt instrument, effective interest rate percentage 8.64%   8.82%  
Number of consecutive quarters for which interest payments can be deferred (in Quarter) | Quarter 20      
Junior Subordinated Debentures [Member] | Atlantic American Statutory Trust I [Member]        
Credit Arrangements [Abstract]        
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [1],[2] $ 18,042   $ 18,042  
Maturity date [1],[2] Dec. 04, 2032      
Treasury debt [1],[2],[3] $ 0      
Junior Subordinated Debentures [Member] | Atlantic American Statutory Trust II [Member] |        
Credit Arrangements [Abstract]        
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [1],[2] $ 15,696   $ 15,696  
Maturity date [1],[2] May 15, 2033      
Treasury debt $ 7,500 [1],[2],[3]     $ 7,500
Trust Preferred Securities [Member] | Atlantic American Statutory Trust I [Member]        
Credit Arrangements [Abstract]        
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] SecuredOvernightFinancingRateSofrMember      
Basis spread on variable rate 4.00%      
Trust Preferred Securities [Member] | Atlantic American Statutory Trust II [Member] |        
Credit Arrangements [Abstract]        
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] SecuredOvernightFinancingRateSofrMember      
Basis spread on variable rate 4.10%      
[1] For each of the respective debentures, the Company has the right at any time, and from time to time, to defer payments of interest on the Junior Subordinated Debentures for a period not exceeding 20 consecutive quarters up to the debentures’ respective maturity dates. During any such period, interest will continue to accrue and the Company may not declare or pay any cash dividends or distributions on, or purchase, the Company’s common stock nor make any principal, interest or premium payments on or repurchase any debt securities that rank equally with or junior to the Junior Subordinated Debentures. The Company has the right at any time to dissolve each of the trusts and cause the Junior Subordinated Debentures to be distributed to the holders of the Trust Preferred Securities.
[2] The Junior Subordinated Debentures are unsecured and rank junior and subordinate in right of payment to all senior debt of the Parent and are effectively subordinated to all existing and future liabilities of its subsidiaries.
[3] On August 4, 2014, the Company acquired $7,500 of the Junior Subordinated Debentures.