Affirmative Insurance Holdings, Inc. is an American company that provides individual consumers non-standard personal automobile insurance policies and other related products through its subsidiaries, independent agents and unaffiliated underwriting agencies in the United States. The company provides liability-only policies including bodily injury liability coverage, property damage liability coverage, personal injury protection coverage and medical payment coverage.[3]
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| Company type | Public |
|---|---|
| AFFM[1] | |
| Industry | Property & Casualty Insurance |
| Founded | 1998 |
| Headquarters | Addison, Texas |
Key people | Michael J. McClure (CEO) |
 US$ 209.761 million (2012)[2] | |
| Total assets | US$ 338.395 million (2012)[2] |
| Total equity | US$ 133.254 million (2012)[2] |
| Website | www |
History
editIn 1998, the company founded in Addison, Texas as Instant Insurance Holdings, Inc.[3]
In 2003, the company completed the acquisition of two non-standard automobile insurance companies from Vesta Insurance Group, Inc.[4]
In 2004, the company completed the initial public offering.[4]
In 2007, the company completed the acquisition of USAgencies, a provider of non-standard automobile insurance.[4]
In 2013, Confie Seguros, a rapidly growing national provider of personal lines insurance signed an agreement to acquire the retail distribution arm of Affirmative Insurance Holdings, Inc.[5]
In 2015, the company filed for chapter 11 bankruptcy.[6]
References
edit- ^ traded symbols
- ^ a b c "Selected Financial Data".
- ^ a b "49855 (AFFM) Company Profile & Facts - Yahoo Finance". Yahoo Finance.
- ^ a b c "Affirmative Insurance Holdings, Inc". Archived from the original on 2014-02-27. Retrieved 2014-02-19.
- ^ "Confie Seguros to Acquire Retail Agency Group from Affirmative Insurance Holdings, Inc. - Yahoo Finance". Archived from the original on 2014-03-06. Retrieved 2014-02-25.
- ^ "Office of the Special Deputy Receiver - Affirmative Insurance Company". www.osdchi.com. Retrieved 2016-09-03.