First Acceptance 8/1/2023 Earnings Report

First Acceptance EPS Results

• Actual EPS: $0.08
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

First Acceptance Revenue Results

• Actual Revenue: $112.65 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

First Acceptance Announcement Details

• Date: 8/1/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

First Acceptance (OTCMKTS:FACO) (OTCMKTS:FACO) is a niche provider of premium finance and insurance-related services to small- and medium-sized businesses across the United States. The company specializes in offering premium financing solutions that allow commercial policyholders to pay insurance premiums in installments rather than in a single lump sum. By partnering with a network of insurance agents, brokers and carriers, First Acceptance delivers tailored payment programs designed to help businesses manage cash flow and reduce upfront capital requirements associated with their property and casualty and workers’ compensation insurance policies.

In addition to its core premium finance operations, First Acceptance also provides collateral management and fund administration services, helping insurance carriers monitor and secure collateral pledged by their policyholders. The company’s technology platform streamlines process workflows for invoicing, receivables tracking and portfolio reporting, granting agents and carriers real-time visibility into outstanding balances, payment schedules and compliance requirements. With a focus on customer service, First Acceptance aims to strengthen relationships with its partners by offering flexible underwriting criteria and responsive account management.

Founded in the late 1970s, First Acceptance has grown steadily by leveraging its expertise in risk analysis, credit evaluation and regulatory compliance. Headquartered in Michigan and operating regionally throughout the Midwest and Southeast, the company continues to explore strategic alliances that extend its geographic footprint and expand its product offerings. Led by a management team with extensive backgrounds in insurance finance and technology, First Acceptance is positioned to address the evolving needs of small-business owners seeking more efficient, cost-effective ways to finance their insurance obligations.