Acceptance Insurance is a provider of personal automobile insurance. The Company's core business involves issuing automobile insurance policies categorized as “non-standard” to individuals based primarily on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage or driving record. In addition to non-standard personal automobile insurance, Acceptance also offers its customers optional products that provide ancillary reimbursements and benefits in the event of an automobile accident. Those products generally provide reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident, automobile towing and rental, and ambulance services. The Company also offers and underwrites a tenant homeowner policy that provides contents and liability coverage to those of its customers who are renters.

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Employee Rating

3.4More
TypePublic
HQNashville, US
Founded1969
Size (employees)1,400 (est)
Websiteacceptanceinsurance.com
Acceptance Insurance was founded in 1969 and is headquartered in Nashville, US
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Acceptance Insurance Office Locations

Acceptance Insurance has an office in Nashville
Nashville, (HQ)
3813 Green Hills Village Dr
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Acceptance Insurance Financials and Metrics

Acceptance Insurance Revenue

Acceptance Insurance's revenue was reported to be $389.62 m in FY, 2016 which is a 17.4% increase from the previous period.
USD

Revenue (Q1, 2017)

88.1m

Net income (Q1, 2017)

730.0k

Market capitalization (6-Apr-2018)

33.4m
Acceptance Insurance's current market capitalization is $33.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

99.1m263.2m331.9m389.6m

Revenue growth, %

166%26%17%

Interest expense

2.0m1.7m3.0m4.3m

Pre tax profit

(29.3m)9.7m(2.6m)(45.1m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

67.1m65.6m75.1m80.6m87.6m96.9m102.8m102.1m88.1m

Interest expense

421.0k427.0k424.0k449.0k1.1m1.1m1.1m1.1m1.1m

Pre tax profit

3.7m2.4m804.0k690.0k(4.5m)(8.4m)(30.6m)(327.0k)1.6m

Income tax expense

318.0k375.0k(1.5m)(2.9m)(10.7m)6.0k846.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

72.0m102.4m115.6m

PP&E

3.5m3.2m5.1m4.2m

Goodwill

29.4m29.4m

Total Assets

273.7m328.6m402.1m400.1m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

85.4m96.5m110.3m103.8m107.2m128.9m134.4m

PP&E

3.1m3.2m3.0m3.6m3.9m5.1m5.2m5.3m3.8m

Goodwill

30.2m29.4m29.4m29.4m29.4m

Total Assets

296.1m304.4m359.9m387.0m403.5m439.5m437.5m458.5m425.5m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(29.4m)28.1m(1.9m)(29.3m)

Depreciation and Amortization

751.0k1.8m1.8m2.5m

Cash From Operating Activities

(7.3m)27.0m29.3m(13.6m)

Cash From Investing Activities

12.8m3.3m(46.2m)16.7m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.0m6.1m486.0k801.0k(2.2m)(5.5m)(25.4m)(25.7m)730.0k

Depreciation and Amortization

880.0k1.3m407.0k807.0k1.2m651.0k1.3m1.9m546.0k

Cash From Operating Activities

13.2m16.6m11.4m20.9m24.0m10.5m10.8m(5.8m)1.6m

Cash From Investing Activities

123.0k7.8m(3.6m)(49.6m)(49.3m)2.8m8.0m33.5m211.0k
USDY, 2017

Revenue/Employee

62.9k

Financial Leverage

5.8 x
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Acceptance Insurance Company Life and Culture

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Acceptance Insurance Frequently Asked Questions

  • When was Acceptance Insurance founded?

    Acceptance Insurance was founded in 1969.

  • How many employees does Acceptance Insurance have?

    Acceptance Insurance has 1,400 employees.

  • What is Acceptance Insurance revenue?

    Latest Acceptance Insurance annual revenue is $389.6 m.

  • What is Acceptance Insurance revenue per employee?

    Latest Acceptance Insurance revenue per employee is $278.3 k.

  • Who are Acceptance Insurance competitors?

    Competitors of Acceptance Insurance include Mapfre Middlesea, Sainsbury's Bank and Topdanmark.

  • Where is Acceptance Insurance headquarters?

    Acceptance Insurance headquarters is located at 3813 Green Hills Village Dr, Nashville.

  • Where are Acceptance Insurance offices?

    Acceptance Insurance has an office in Nashville.

  • How many offices does Acceptance Insurance have?

    Acceptance Insurance has 1 office.