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Last $3.21 USD
Change Today +0.02 / 0.63%
Volume 31.2K
As of 4:15 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

first acceptance corp (FAC) Snapshot

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52 Week High
05/5/15 - $3.39
52 Week Low
02/6/15 - $2.16
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Current Stock Chart for FIRST ACCEPTANCE CORP (FAC)

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first acceptance corp (FAC) Details

First Acceptance Corporation, through its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance in the United States. The company operates in two segments, Insurance, and Real Estate and Corporate. It issues automobile insurance policies to individuals who are categorized as non-standard based primarily on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record. The company also offers optional products that provide ancillary reimbursements and benefits in the event of an automobile accident, such as products that provide reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident, automobile towing and rental, bail bond premiums, and ambulance services; and underwrites a tenant homeowner policy that provides contents and liability coverage to customers who are renters. In addition, it engages in the disposition of real estate held for sale. The company markets its products under the Acceptance Insurance, Yale Insurance, and Insurance Plus names. First Acceptance Corporation primarily distributes its products through its retail locations, as well as through call centers and Internet. As of May 18, 2015, it leased and operated 356 retail locations. The company was founded in 1969 and is headquartered in Nashville, Tennessee.

1,100 Employees
Last Reported Date: 03/10/15
Founded in 1969

first acceptance corp (FAC) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $565.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $355.0K
Senior Vice President of Operations
Total Annual Compensation: $360.0K
Vice President, Treasurer and Secretary
Total Annual Compensation: $224.9K
Compensation as of Fiscal Year 2014.

first acceptance corp (FAC) Key Developments

First Acceptance Corporation Opens New Memphis Retail Store

First Acceptance Corporation, d/b/a Acceptance Insurance announced that it has opened its fourth retail store location in Memphis, Tennessee. This brings the number of Company-operated retail locations to 356 and marks the fifth new store that the Company has opened since November 2014.

First Acceptance Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

First Acceptance Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced revenues of $72.105 million compared with $62.542 million for the same period in the prior year. Income before income taxes was $0.804 million, compared with $0.547 million for the same period in the prior year. Net income was $0.486 million, or $0.01 per share on a basic and diluted basis, compared with $0.511 million, or $0.01 per share on a basic and diluted basis, for the same period in the prior year. Premiums earned were $62.615 million, compared with $51.748 million for the same period in the prior year. This improvement was primarily due to an increase in policies in force from 168,607 at March 31, 2014 to 192,613 at March 31, 2015, in addition to a higher percentage of full coverage policies sold and the recent pricing actions.

First Acceptance Corp., Annual General Meeting, May 12, 2015

First Acceptance Corp., Annual General Meeting, May 12, 2015., at 10:00 Central Standard Time. Location: 3813 Green Hills Village Drive. Agenda: To elect nine directors to serve until the next annual meeting of stockholders or until their respective successors are duly elected and qualified; to conduct an advisory vote on executive compensation; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for 2015; and to consider any other matters that may properly come before the meeting and any adjournments or postponements of the meeting.


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FAC Competitors

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Company Last Change
Affirmative Insurance Holdings Inc $0.85 USD 0.00
Berkshire Hathaway Inc $217,440 USD +1,740
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Industry Average

Valuation FAC Industry Range
Price/Earnings 4.8x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful

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