First Acceptance Corp. (FACO)
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First Acceptance Corporation Named to 2025 OTCQX Best 50
NASHVILLE, TN / ACCESSWIRE / January 15, 2025 / First Acceptance Corporation (OTCQX:FACO) is pleased to announce it has been named to the 2025 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.
First Acceptance Corporation Reports Operating Results for the Three and Nine Months Ended September 30, 2024
NASHVILLE, TN / ACCESSWIRE / November 6, 2024 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and nine months ended September 30, 2024. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
First Acceptance Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2024
NASHVILLE, TN / ACCESSWIRE / August 13, 2024 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and six months ended June 30, 2024. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
First Acceptance Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BPN Brent P. Nicks Strategic Planning Inc. | 49,429 | $215,016 | $266,916.6 | $51,900.6 | 24.14% |
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First Acceptance Corp. Profile
| Financial Services Industry | Financials Sector | Kenneth D. Russell CEO | NYSE Exchange | 318457108 CUSIP |
| US Country | 629 Employees | 15 Dec 2021 Last Dividend | 20 Feb 1985 Last Split | - IPO Date |
Overview
First Acceptance Corporation, established in 1969 and based in Nashville, Tennessee, operates within the United States as a comprehensive provider, servicer, and underwriter of non-standard personal automobile insurance and related products. The company caters to individuals who are either unable or unwilling to secure insurance coverage from standard carriers. This is often due to a variety of factors such as a preference for payment methods, lapses in insurance coverage, or a poor driving record. Through its subsidiaries, First Acceptance Corporation extends its services, underwriting non-standard auto insurance, and offering an array of related products. The company's distribution network is robust, encompassing both physical and digital channels including 338 retail locations, a call center, and an online platform as of December 31, 2021.
Products and Services
The range of products and services offered by First Acceptance Corporation is diverse, catering to various personal and property insurances, alongside unique subscription services. Below is an outline of their main offerings:
- Non-standard Automobile Insurance: Tailored for individuals facing difficulties in obtaining standard insurance due to various factors like payment preferences, insurance history, or driving records. This primary offering underlines the company's specialization in addressing the needs of a niche market segment.
- Motorcycle Insurance: Specific insurance policies designed for motorcycle owners, offering coverage that addresses the unique risks and needs associated with motorcycle operation and ownership.
- Renters Insurance: Provides protection for tenants, covering personal property against risks like theft, fire, and vandalism, and sometimes including liability coverage.
- Homeowners Insurance: Coverage for home owners that not only includes property and liability coverage but also, in some cases, additional structures and living expenses in case of displacement.
- Commercial Insurance: Tailored to businesses, offering protection for property, liability, and workers' compensation among other needs specific to business operations and assets.
- Pet Insurance: Offers plans to cover veterinary expenses, ensuring pet owners can afford care in case of illness or injury to their pets.
- Life Insurance: Provides financial compensation to beneficiaries in the event of the policyholder’s death, offering financial security and peace of mind.
- Travel Insurance: Insures against travel-related risks, offering coverage for trip cancellations, medical emergencies abroad, and lost luggage, among others.
- Outdoor Vehicle Insurance: Coverage for recreational and utility vehicles that are often used outdoors, including but not limited to ATVs, snowmobiles, and RVs.
- Hospital Indemnity Insurance: Offers a fixed cash benefit upon hospitalization, helping offset the loss of income and additional expenses incurred.
- TeleMed Subscription Service: A subscription-based service that allows unlimited access to doctors for consultations, diagnoses, and prescription medications for non-emergency illnesses through phone or video calls. This innovative service highlights the company’s adaptation to modern consumer needs for convenience and accessibility in healthcare.
