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First Acceptance Corp
First Acceptance Corporation (FAC) is a publicly-traded company listed on the NASDAQ stock exchange. It is a leading provider of non-standard personal automobile insurance products and related services in the United States. The company operates through a network of independent agencies and offers a variety of coverage options to customers who may have trouble obtaining insurance through traditional markets.
First Acceptance's insurance products include liability, collision, and comprehensive coverage for non-standard automobiles, as well as other products such as roadside assistance and mechanical breakdown insurance. The company's target market includes drivers with poor credit, previous accidents or violations, or other factors that make them high-risk clients for traditional insurance providers.
As of the most recent financial reports, First Acceptance Corporation had over 500,000 active insurance policies in force and operated in approximately 16 states across the United States. The company's revenue for the most recent fiscal year was approximately $450 million, with a net income of around $30 million.
Investors interested in First Acceptance Corporation can find more information about the company's financials, governance, and other relevant information on its investor relations website. As with any investment, it is important to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.