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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 |
Acceptance Insurance announces the unexpected death of President and CEO Larry Willeford
NASHVILLE, Tenn., Oct. 5, 2022 /PRNewswire/ — First Acceptance Corporation (DBA Acceptance Insurance) (OTCQX: FACO) today announced the sudden and unexpected death of President and CEO Larry Willeford. He was 65. The company’s board of directors issued the following statement:...
Source: https://incomestatements.info
Category: Stock Reports