First Acceptance Corporation (FACO)

USD 3.06

(-2.86%)

Market Cap (In USD)

116.74 Million

Revenue (In USD)

487.54 Million

Net Income (In USD)

73.91 Million

Avg. Volume

12.23 Thousand

Currency
USD
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
1.9-4.35
PE
-
EPS
-
Beta Value
0.207
ISIN
US3184571087
CUSIP
318457108
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Insurance - Specialty
CEO
Mr. Kenneth Duane Russell
Employee Count
-
Website
https://www.acceptanceinsurance.com
Ipo Date
1972-06-01
Details
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.