Affirmative Insurance (OTCMKTS:AFFM) is a specialty personal lines property and casualty insurer focused on the nonstandard automobile market. The company underwrites and issues policies that include liability, collision, comprehensive, medical payments and uninsured/underinsured motorist coverage. By tailoring products to drivers who may face higher risk profiles or challenges securing standard auto insurance, Affirmative addresses a niche segment through specialized risk assessment and policy administration.
Affirmative distributes its insurance products primarily through a network of independent agencies, enabling local agents to match clients with customized coverage options. The company operates through wholly owned carriers that serve drivers across Texas, Florida, Georgia, Mississippi and selected other states in the southeastern United States. In addition to policy issuance, its operations encompass claims handling, loss control services and customer support, all managed internally to maintain service consistency.
Founded in 1998 and headquartered in Addison, Texas, Affirmative Insurance went public in 2005 and traded on the Nasdaq under the ticker AFFM before transitioning to the OTC markets. In May 2013, the company completed a prepackaged Chapter 11 restructuring, emerging later that year with a streamlined balance sheet and refreshed capital structure. Its management team comprises industry veterans in personal lines underwriting, claims management and agency relations, guiding the company’s continued focus on specialized auto insurance solutions.
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