First Acceptance Q2 2024 Earnings Report

First Acceptance EPS Results

• Actual EPS: $0.15
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

First Acceptance Revenue Results

• Actual Revenue: $157.68 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

First Acceptance Announcement Details

• Quarter: Q2 2024
• Date: 8/13/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

First Acceptance (OTCMKTS:FACO) (OTCMKTS: FACO) is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs. The company also owns and operates American Pet Insurance Company, which provides pet medical insurance nationwide. By leveraging direct mail, call centers and online enrollment platforms, First Acceptance serves individuals and small groups across the United States, tailoring its products to meet specific budgetary and coverage needs.

Founded in 1986 and headquartered in Tampa, Florida, First Acceptance has evolved from a print-only marketer into a multi-channel specialty insurer. The firm’s leadership includes Michael J. Arbus, who serves as President and Chief Executive Officer, guiding expansion into supplemental and pet insurance markets. First Acceptance maintains regulatory compliance in the jurisdictions where it operates and continues to develop targeted insurance solutions for underserved segments of the consumer market.