First Acceptance FACO · USD

Its shares trade under the ticker FACO. It has been listed since 17 March 1980. In the fiscal year to 31 December 2017, it reported revenue before interest expense of $347.5m and a net loss of $8.6m. At that date it held total assets of $395.9m and shareholders' equity of $64.8m.

First Acceptance Corp. is a holding company, which engages in the selling, servicing, and underwriting of non-standard personal automobile insurance and related products. The company is headquartered in Nashville, Tennessee. The firm operates in two segments: Insurance, and Real estate and corporate. Its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states. The real estate and corporate segment 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. The firm conducts its servicing and underwriting operations in approximately 10 states and is licensed as an insurer in over 10 additional states. The company leases and operates approximately 440 retail locations and a call center staffed by employee-agents who primarily sell non-standard personal automobile insurance products underwritten by the Company, as well as certain commissionable ancillary products.

Figures and description from our data supplier, not checked against the company's own report.

• Mr. Jeremy FordChairman of the Board, since 2000$28,000
• Mr. Larry WillefordPresident, Chief Executive Officer
• Mr. Brent GayChief Financial Officer, Senior Vice President$483,238
• Mr. Doug JensenChief Claims Officer
• Mr. Mark KellyDirector, since 2011$346,586
• Mr. Rhodes BobbittIndependent Director
• Mr. Ronald H. DaviesIndependent Director
• Mr. Donald EdwardsIndependent Director, since 2002$3.2m
• Mr. Thomas NicholsIndependent Director
• Mr. Lyndon OlsonIndependent Director
• Mr. William ShippIndependent Director

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