Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last $2.94 USD
Change Today 0.00 / 0.00%
Volume 26.2K
FAC On Other Exchanges
As of 6:40 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

first acceptance corp (FAC) Snapshot

Previous Close
Day High
Day Low
52 Week High
05/5/15 - $3.39
52 Week Low
02/6/15 - $2.16
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for FIRST ACCEPTANCE CORP (FAC)

first acceptance corp (FAC) Related Bloomberg News

View More Bloomberg News

first acceptance corp (FAC) Related Businessweek News

No Related Businessweek News Found

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 Enters into Loan Agreement with Diamond Family Investments, LP

On June 29, 2015, First Acceptance Corporation entered into a loan agreement between the company, as borrower, and Diamond Family Investments, LP, as lender. The loan agreement provides for a $30 million senior term loan facility, maturing on June 29, 2025. Amounts prepaid under the loan agreement may not be reborrowed. The proceeds of the loan borrowed pursuant to the loan agreement were used by Acceptance Insurance Agency of Tennessee Inc., a wholly owned subsidiary of the company, to pay the purchase price pursuant to that certain asset purchase agreement, dated as of April 27, 2015, by and among Titan Insurance Services Inc., Titan Auto Insurance of New Mexico Inc. and the buyer. The loan agreement contains certain representations, warranties and covenants. The loan agreement also contains customary events of default, including but not limited to: nonpayment; material inaccuracy of representations and warranties; violations of covenants; cross-default to material indebtedness; certain material judgments; certain bankruptcies and liquidations; invalidity of the loan documents and related events; and a change of control. Borrowings under the loan agreement are not prepayable from the loan closing date until the first anniversary thereof. On and after the first anniversary of the loan closing date, the company has the right to prepay the loans in whole or in part, in cash, without premium or penalty, upon written notice to the lenders. Term loans outstanding under the loan agreement will bear interest at a rate of 8% per annum.

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.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FAC:US $2.94 USD 0.00

FAC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Affirmative Insurance Holdings Inc $0.74 USD +0.09
Berkshire Hathaway Inc $214,320 USD -771.00
View Industry Companies

Industry Analysis


Industry Average

Valuation FAC Industry Range
Price/Earnings 4.3x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FIRST ACCEPTANCE CORP, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at