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Ownership Document
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| Schema Version: X0306 |
| Document Type: 5 |
| Period of Report: 12/31/20 |
| Not Subject to Section 16: 0 |
| Form 3 Holdings Reported: 0 |
| Form 4 Transactions Reported: 0 |
| Issuer: |
| Issuer CIK: 8177 |
| Issuer Name: ATLANTIC AMERICAN CORP |
| Issuer Trading Symbol: AAME |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1198953 |
| | Owner Name: THOMPSON SCOTT G |
| Reporting Owner Address: |
| | Owner Street 1: 4370 PEACHTREE ROAD, N.E. |
| | Owner Street 2: |
| | Owner City: ATLANTA |
| | Owner State: GA |
| | Owner ZIP Code: 30319 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Pres & CEO Am. Sou. Ins. Co. |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Coding: |
| | | Transaction Form Type: |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 145,954 |
| Footnote ID: F1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: Represents correction of holdings included on most recently filed report, which inadvertently overstated the amount of shares held by 10,000. |
| Owner Signature: |
| Signature Name: Scott G. Thompson |
| Signature Date: 2/16/21 |
