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First Acceptance Corporation - Company Profile Snapshot

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Company Profile: First Acceptance Corporation
Ticker: FAC
Exchanges: NYSE BSE MSE PBW PCS
2009 Sales: 268,040,000
Major Industry: Financial
Sub Industry: Insurance Companies
Country: UNITED STATES
Employees: 1175

Business Description
First Acceptance Corporation. The Group's principal activity is to provide non-standard personal automobile insurance. Its Non-standard personal automobile insurance is made available to individuals who are categorized as 'non-standard' because of their inability or unwillingness to obtain standard insurance coverage due to various factors, including their need for monthly payment plans, failure to maintain continuous insurance coverage or driving record. It operates in two segments: Insurance and Real Estate and Corporate. The Group currently writes non-standard personal automobile insurance in 12 states and is licensed as an insurer in 13 additional states of United States. As of 01-Sep-2009, the Group leased 418 retail locations staffed by employee-agents.

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