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First Acceptance Corp  (FAC)
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Price: $0.8100 $-0.05 -5.814%
Day's High: $ 0.87 Week Perf: -4.71 %
Day's Low: $ 0.81 30 Day Perf: -21.36 %
Volume (M): 333 52 Wk High: $ 1.50
Volume (M$): $ 270 52 Wk Avg: $ 1.12
Open: 0.84 52 Wk Low: 0.78
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 Market Capitalization (Millions $) 34
 Shares Outstanding (Millions) 42
 Employees 1,400
 Revenues (TTM) (Millions $) 348
 Net Income (TTM) (Millions $) -9
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1
First Acceptance Corp
First Acceptance Corporation is principally a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. Our insurance operations generate revenue from selling non-standard personal automobile insurance products and related products in 17 states. We conduct our servicing and underwriting operations in 13 states and are licensed as an insurer in 12 additional states. We own and operate three insurance company subsidiaries: First Acceptance Insurance Company, Inc. (“FAIC”), First Acceptance Insurance Company of Georgia, Inc. (“FAIC-GA”) and First Acceptance Insurance Company of Tennessee, Inc. (“FAIC-TN”). Non-standard personal automobile insurance is sought after by individuals because of their inability or unwillingness to obtain standard insurance coverage due to various factors, including payment history, payment preference, failure in the past to maintain continuous insurance coverage or driving record and/or vehicle type. In most instances, these individuals are seeking to obtain the minimum amount of automobile insurance required by law. Our employee-agents primarily sell non-standard personal automobile insurance products underwritten by us as well as certain commissionable ancillary products. In most states, our employee-agents also sell a complementary insurance product providing personal property and liability coverage for renters underwritten by us. In addition, retail locations in some markets offer non-standard personal automobile insurance serviced and underwritten by other third-party insurance carriers for which we receive a commission.


FAC is expected to report next financial results on February 15, 2019.
 

First Acceptance's Segments
 
 
  Company Estimates  
  Revenue Outlook
First Acceptance does not provide revenue guidance.

Earnings Outlook
First Acceptance Corp does not provide earnings estimates.

 
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Customers recorded net loss Customers recorded net loss
• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers
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