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Complete financial analysis of First Acceptance Corporation (FACO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Acceptance Corporation, a leading company in the Insurance – Specialty industry within the Financial Services sector.
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First Acceptance Corporation (FACO)
Industry: Insurance - Specialty
Sector: Financial Services
Website: https://www.acceptanceinsurance.com
About First Acceptance Corporation
First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record. The company also underwrites auto and motorcycle insurance products; and renters, homeowners, commercial, pet, life, travel, outdoor vehicle, and hospital indemnity insurance products. In addition, it provides TeleMed, a subscription service that offers access to doctor for consulting, diagnosing, and prescribing medication for non-emergency illness. The company primarily distributes its products through its retail locations, as well as through call center and internet. As of December 31, 2021, it leased and operated 338 retail locations, and a call center. First Acceptance Corporation was founded in 1969 and is headquartered in Nashville, Tennessee.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 487.54M | 302.30M | 285.25M | 269.58M | 292.69M | 323.81M | 347.52M | 389.62M | 331.89M | 263.19M | 240.51M | 228.06M | 210.73M | 223.17M | 265.47M | 332.40M | 347.64M | 249.00M | 166.80M | 23.15M | 1.33M | 1.47M | 3.32M | 2.97M | 2.66M | 2.78M | 2.53M | 2.80M | 2.20M | 2.30M | -1.10M | -800.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 487.54M | 302.30M | 285.25M | 269.58M | 292.69M | 323.81M | 347.52M | 389.62M | 331.89M | 263.19M | 240.51M | 228.06M | 210.73M | 223.17M | 265.47M | 332.40M | 347.64M | 249.00M | 166.80M | 23.15M | 1.33M | 1.47M | 3.32M | 2.97M | 2.66M | 2.78M | 2.53M | 2.80M | 2.20M | 2.30M | -1.10M | -800.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 338.00K | 280.00K | 242.00K | 277.00K | 531.00K | 462.00K | 299.00K | 207.00K | 144.00K | 185.00K | 243.00K | 604.00K | 80.19M | 80.88M | 89.18M | 99.94M | 0.00 | 500.00K | 0.00 | 0.00 | 400.74K | 223.99K | 202.98K | 185.07K | 231.94K | 253.36K | 225.37K | 600.00K | 600.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 338.00K | 280.00K | 242.00K | 277.00K | 531.00K | 462.00K | 299.00K | 207.00K | 144.00K | 185.00K | 243.00K | 604.00K | 80.19M | 80.88M | 89.18M | 99.94M | 0.00 | 500.00K | 0.00 | 0.00 | 400.74K | 223.99K | 202.98K | 185.07K | 231.94K | 253.36K | 225.37K | 600.00K | 600.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 487.20M | -324.61M | -288.07M | -256.22M | -273.51M | -301.67M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 487.54M | -324.33M | -287.83M | -255.94M | -272.98M | -301.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 487.54M | 324.33M | 287.83M | 255.94M | 272.98M | 301.21M | 340.93M | 434.75M | 334.46M | 253.47M | 230.68M | 237.10M | 267.32M | 215.69M | 315.37M | 336.42M | 346.72M | 221.97M | 142.79M | 29.14M | 3.19M | 993.84K | 804.86K | 755.43K | 812.32K | 1.33M | 1.20M | 600.00K | 600.00K | 7.70M | 16.30M | 20.50M | 36.50M | 71.40M | 87.10M | 55.60M | 36.10M | 28.20M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.82M | 2.39M | 1.68M | 2.38M | 4.88M | 4.94M | 4.54M | 4.32M | 2.97M | 1.71M | 1.74M | 3.03M | 3.93M | 3.93M | 4.14M | 4.98M | 1.87M | 898.00K | 351.00K | 44.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.70M | 16.30M | 20.50M | 36.50M | 71.40M | 87.10M | 55.60M | 36.10M | 28.20M |
| Depreciation & Amortization | 2.55M | 3.32M | 1.90M | 2.22M | 2.03M | 2.37M | 2.86M | 3.50M | 2.27M | 1.77M | 2.05M | 2.20M | 1.61M | 2.01M | 1.91M | 1.68M | 1.84M | 1.92M | 2.28M | 713.00K | 10.20K | 5.67K | 7.81K | 12.80K | 17.45K | 17.72K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 105.40M | -16.33M | 999.00K | 15.86M | 21.75M | 29.92M | 13.98M | -37.32M | 2.66M | 13.20M | 13.62M | -3.82M | -54.98M | -51.05M | 13.43M | -43.86M | 2.63M | 4.41M | 29.39M | 26.27M | -5.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -300.00K | -3.50M | 0.00 | -22.00M | -25.10M | -66.30M | -26.40M | 3.20M | 29.80M | 29.00M | 25.30M |
| EBITDA Ratio | 21.62% | -6.19% | -0.24% | 5.88% | 7.43% | 7.71% | 2.72% | -11.00% | -0.09% | 4.37% | 4.94% | -3.00% | -26.09% | 4.25% | -18.08% | -0.33% | -10.17% | -1.56% | -2.43% | -50.09% | -139.07% | 32.95% | 75.37% | 75.02% | 69.66% | 50.81% | 50.81% | -10.71% | -159.09% | -1,108.70% | 2,000.00% | 3,137.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 2.38M | -22.03M | -2.58M | 13.64M | 19.72M | 22.61M | 6.59M | -46.37M | -2.57M | 9.72M | 9.83M | -9.05M | -56.58M | 7.48M | -49.90M | -2.78M | -37.20M | -5.82M | -6.34M | -12.31M | -1.86M | 479.90K | 2.50M | 2.22M | 1.84M | 1.39M | 1.28M | -300.00K | -3.50M | -25.50M | -22.00M | -25.10M | -66.30M | -26.40M | 3.20M | 29.80M | 29.00M | 25.30M |
| Operating Income Ratio | 0.49% | -7.29% | -0.90% | 5.06% | 6.74% | 6.98% | 1.90% | -11.90% | -0.77% | 3.69% | 4.09% | -3.97% | -26.85% | 3.35% | -18.80% | -0.84% | -10.70% | -2.34% | -3.80% | -53.17% | -139.84% | 32.56% | 75.13% | 74.59% | 69.00% | 50.17% | 50.81% | -10.71% | -159.09% | -1,108.70% | 2,000.00% | 3,137.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 96.66M | -2.57M | -1.02M | -511.88M | 0.00 | -301.21M | -229.31M | -3.08M | -6.64M | -165.96M | -147.62M | -3.03M | 0.00 | -56.36M | -3.57M | -47.13M | -13.86M | -2.85M | -974.00K | -137.00K | 4.07M | 15.00 | 21.09K | 84.00 | 12.79K | 57.01K | -950.27K | -1.40M | -4.50M | -30.90M | -5.50M | -13.00M | -18.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 99.03M | -22.03M | -2.58M | 13.64M | 19.72M | 22.61M | 6.59M | -45.13M | -2.57M | 9.72M | 9.83M | -9.05M | -56.58M | 7.48M | -49.90M | -4.02M | 916.00K | 27.03M | 24.00M | -5.99M | -1.86M | 479.92K | 2.52M | 2.22M | 1.85M | 1.45M | 1.32M | 800.00K | -2.90M | -29.20M | -34.70M | -43.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 20.31% | -7.29% | -0.90% | 5.06% | 6.74% | 6.98% | 1.90% | -11.58% | -0.77% | 3.69% | 4.09% | -3.97% | -26.85% | 3.35% | -18.80% | -1.21% | 0.26% | 10.85% | 14.39% | -25.85% | -139.84% | 32.56% | 75.77% | 74.59% | 69.48% | 52.23% | 52.36% | 28.57% | -131.82% | -1,269.57% | 3,154.55% | 5,387.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 25.12M | -4.55M | -1.35M | 3.22M | 4.36M | 4.89M | 15.19M | -15.85M | -642.00K | -18.35M | 650.00K | -5.00K | 198.00K | 441.00K | 18.40M | 13.82M | 17.59M | -1.04M | -2.15M | -2.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.46K | 14.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.30M | 26.40M | -3.20M | -29.80M | -29.00M | -25.30M |
| Net Income | 73.91M | -17.49M | -1.23M | 10.42M | 15.36M | 17.72M | -8.60M | -29.28M | -1.93M | 28.07M | 9.18M | -9.04M | -56.78M | 7.04M | -68.30M | -17.85M | -16.67M | 28.07M | 26.16M | -3.80M | -1.86M | 479.92K | 2.52M | 2.22M | 1.85M | 1.45M | 1.31M | 800.00K | -2.90M | -29.20M | -34.70M | -43.10M | -66.30M | -26.40M | 3.20M | 29.80M | 29.00M | 25.30M |
| Net Income Ratio | 15.16% | -5.79% | -0.43% | 3.86% | 5.25% | 5.47% | -2.48% | -7.52% | -0.58% | 10.66% | 3.82% | -3.96% | -26.94% | 3.15% | -25.73% | -5.37% | -4.80% | 11.27% | 15.68% | -16.40% | -139.84% | 32.56% | 75.77% | 74.59% | 69.48% | 52.17% | 51.81% | 28.57% | -131.82% | -1,269.57% | 3,154.55% | 5,387.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 1.94 | -0.46 | -0.03 | 0.27 | 0.37 | 0.43 | -0.21 | -0.71 | -0.05 | 0.68 | 0.22 | -0.22 | -1.18 | 0.15 | -1.43 | -0.37 | -0.35 | 0.59 | 0.56 | -0.15 | -0.09 | 0.02 | 0.12 | 0.11 | 0.09 | 0.07 | 0.07 | 0.07 | -0.23 | -2.39 | -2.94 | -3.68 | -5.67 | -2.26 | 0.28 | 2.54 | 2.49 | 2.62 |
| EPS Diluted | 1.92 | -0.46 | -0.03 | 0.27 | 0.37 | 0.43 | -0.21 | -0.71 | -0.05 | 0.68 | 0.22 | -0.22 | -1.18 | 0.15 | -1.43 | -0.37 | -0.35 | 0.57 | 0.53 | -0.15 | -0.09 | 0.02 | 0.12 | 0.11 | 0.09 | 0.07 | 0.07 | 0.07 | -0.23 | -2.39 | -2.94 | -3.68 | -5.67 | -2.26 | 0.28 | 2.54 | 2.42 | 2.59 |
| Weighted Avg Shares Out | 38.09M | 37.80M | 38.15M | 38.85M | 41.47M | 41.32M | 41.18M | 41.09M | 41.03M | 40.99M | 40.93M | 40.86M | 48.17M | 47.96M | 47.66M | 47.63M | 47.58M | 47.49M | 47.06M | 24.97M | 20.42M | 20.26M | 20.26M | 20.26M | 20.26M | 20.26M | 19.24M | 12.15M | 12.47M | 12.19M | 11.79M | 11.71M | 11.69M | 11.68M | 11.43M | 11.43M | 11.65M | 9.66M |
| Weighted Avg Shares Out (Dil) | 38.41M | 37.80M | 38.15M | 39.12M | 41.91M | 41.62M | 41.18M | 41.09M | 41.03M | 41.28M | 41.09M | 40.86M | 48.17M | 48.42M | 47.66M | 47.63M | 47.58M | 49.58M | 48.99M | 24.97M | 20.42M | 20.26M | 20.26M | 20.26M | 20.26M | 20.26M | 19.24M | 12.15M | 12.73M | 12.19M | 11.79M | 11.71M | 11.69M | 11.68M | 11.43M | 11.73M | 11.98M | 9.77M |
First Acceptance Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2024
NASHVILLE, TN / ACCESSWIRE / November 6, 2024 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and nine months ended September 30, 2024. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
First Acceptance Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2024
NASHVILLE, TN / ACCESSWIRE / August 13, 2024 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and six months ended June 30, 2024. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
First Acceptance Corporation Announces Appointment of New Board Member
NASHVILLE, TN / ACCESSWIRE / June 6, 2024 / First Acceptance Corporation (OTCQX:FACO) today announced the appointment of Ronald H. Davies to its Board of Directors effective July 1, 2024.
First Acceptance Corporation Reports Operating Results for the Quarter and Year Ended December 31, 2023
NASHVILLE, TN / ACCESSWIRE / March 5, 2024 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the quarter and year ended December 31, 2023. Our 2023 Annual Report can be found at www.otcmarkets.com/stock/FACO/disclosure.
First Acceptance Corporation Named to 2024 OTCQX Best 50
NASHVILLE, TN / ACCESSWIRE / January 18, 2024 / First Acceptance Corporation (OTCQX:FACO) is pleased to announce it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last...
First Acceptance Corporation Announces Sale of Retail Insurance Agency Operations to Alliant Insurance Services
NASHVILLE, TN / ACCESSWIRE / December 4, 2023 / First Acceptance Corporation (OTCQX:FACO) today announced that, on December 1, 2023, it sold its wholly owned subsidiary, Acceptance Insurance Agency of Tennessee, Inc. ("AITN"), to Alliant Insurance Services, Inc. ("Alliant") for...
First Acceptance Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2023
NASHVILLE, TN / ACCESSWIRE / November 7, 2023 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and nine months ended September 30, 2023. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
Acceptance Insurance wins Business Intelligence Group's 2023 Public Relations and Marketing Excellence Award
NASHVILLE, Tenn. , Nov. 6, 2023 /PRNewswire/ -- Business Intelligence Group recently announced that Acceptance Insurance (OTCQX: FACO) , a leading provider of personal auto insurance and related products, has won a 2023 Public Relations and Marketing Excellence Award , which...
Acceptance Insurance donates 40,000+ backpacks filled with school supplies during its annual Back to School campaign
NASHVILLE, Tenn. , Sept. 8, 2023 /PRNewswire/ -- Acceptance Insurance (OTCQX: FACO), a leading provider of auto coverage and related insurance products, has given away over 40,000 backpacks containing essential school supplies as part of its second annual Back to...
First Acceptance Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2023
NASHVILLE, TN / ACCESSWIRE / August 1, 2023 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and six months ended June 30, 2023. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
Source: https://incomestatements.info
Category: Stock Reports