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First Acceptance

First Acceptance
1995 FOUNDED
PUBLIC STATUS
1K-5K EMPLOYEES
FACO STOCK SYMBOL
7 INVESTMENTS
$0.89 SHARE PRICE (As of Friday Closing)
Description

First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises of auto insurance, renters, motorcycle, roadside assistance and hospital insurance. The company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expense associated with all debt and other general corporate overhead expenses.

Formerly Known As
Liberte Investors
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Automotive Insurance
Other Industries
Other Insurance
Stock Exchange
PINX
Primary Office
  • 3813 Green Hills Village Drive
  • Nashville, TN 37215
  • United States

+1 (615) 000-0000
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First Acceptance Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$0.57 - $1.50 $36.9M $0.85 $0.48 24.9K 41.5M

First Acceptance Financials Summary

In Thousands,
USD
TTM
30-Sep-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 14,121 (25,608) (32,424) (70,858)
Revenue 298,360 323,813 347,518 389,623
EBITDA 32,129 29,919 13,978 (37,315)
Net Income 19,776 17,718 (8,604) (29,282)
Total Assets 398,986 389,083 395,859 400,074
Total Debt 44,563 29,831 29,805 29,779
Public Fundamental Data provided by Morningstar, Inc. disclaimer

First Acceptance Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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First Acceptance Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
00000000 000000000 Corporation Rancho Cucamonga, CA
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First Acceptance Investments & Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000000 000000 01-Jul-2015 000000000000000000 000.00 Catalog Retail 000000 0000000
000 00000 00000000 01-Jul-2015 000000000 00000 00 000.00 Other Insurance 000000 0000 00
000000000 0000 000 12-Jan-2006 000000000000000000 Automotive Insurance 0000000 00000000
0000 0000000000000 12-Jan-2006 000000000000000000 Automotive Insurance 0000000 00000000
HCS Claims Service 26-Jan-2005 Merger/Acquisition Insurance Brokers 0000000 00000000
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First Acceptance Executive Team (11)

Name Title Board
Seat
Contact
Info
Kenneth Russell Chief Executive Officer & Board Member
Brent Gay Chief Financial Officer & Chief Accounting Officer

9 Former Executives

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First Acceptance Board Members (9)

Name Representing Role Since Contact
Info
000000 0000000 Self Board Member 000 0000
000000 0000 First Acceptance Board Member 000 0000
000000 0000 Self Chairman & Board Member 000 0000
0000000 0000000 First Acceptance Chief Executive Officer & Board Member 000 0000
000000 0000000 Self Board Member 000 0000

4 Former Board Members

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