Acceptance Insurance

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.

Company Growth (employees)
Type
Public
HQ
Nashville, US
Founded
1969
Size (employees)
1,400 (est)
Acceptance Insurance was founded in 1969 and is headquartered in Nashville, US

Acceptance Insurance Office Locations

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

Acceptance Insurance Data and Metrics

Acceptance Insurance Financial Metrics

Acceptance Insurance's revenue was reported to be $88.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

88.1 m

Net income (Q1, 2017)

730 k

Market capitalization (18-Aug-2017)

37 m
Acceptance Insurance's current market capitalization is $37 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

99.1 m263.2 m331.9 m389.6 m

Revenue growth, %

166%26%17%

Operating expense total

128.4 m253.5 m334.5 m434.8 m

Interest expense

2 m1.7 m3 m4.3 m

Pre tax profit

(29.3 m)9.7 m(2.6 m)(45.1 m)

Income tax expense

(642 k)(15.8 m)

Net Income

(29.4 m)28.1 m(1.9 m)(29.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Pre tax profit

3.7 m2.4 m804 k690 k(4.5 m)(8.4 m)(30.6 m)(327 k)1.6 m

Net Income

4 m6.1 m486 k801 k(2.2 m)(5.5 m)(25.4 m)(25.7 m)730 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

72 m102.4 m115.6 m

PP&E

3.5 m3.2 m5.1 m4.2 m

Goodwill

29.4 m29.4 m

Total Assets

273.7 m328.6 m402.1 m400.1 m

Total Liabilities

327.6 m

Additional Paid-in Capital

457 m457.2 m457.5 m457.8 m

Retained Earnings

(383.8 m)(355.8 m)(357.7 m)(387 m)

Total Equity

76.9 m103.7 m72.5 m

Financial Leverage

3.6 x3.9 x5.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

PP&E

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

Goodwill

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

Total Assets

296.1 m304.4 m359.9 m387 m403.5 m439.5 m437.5 m458.5 m425.5 m

Additional Paid-in Capital

457.1 m457.2 m457.3 m457.4 m457.4 m457.5 m457.6 m457.7 m457.8 m

Retained Earnings

(379.9 m)(377.7 m)(355.3 m)(355 m)(358 m)(363.2 m)(383.1 m)(383.4 m)(386.3 m)

Total Equity

84 m106.8 m103.8 m99.9 m81.5 m78.1 m73.7 m

Financial Leverage

3.5 x3.6 x3.9 x4.4 x5.4 x5.9 x5.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

751 k1.8 m1.8 m2.5 m

Cash From Operating Activities

(7.3 m)27 m29.3 m(13.6 m)

Capital Expenditures

(1.5 m)(1.4 m)(2.8 m)(2.3 m)

Cash From Investing Activities

12.8 m3.3 m(46.2 m)16.7 m

Cash From Financing Activities

(11 m)74 k30.1 m68 k

Free Cash Flow

(8.9 m)25.6 m26.5 m(15.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4 m6.1 m486 k801 k(2.2 m)(5.5 m)(25.4 m)(25.7 m)730 k

Depreciation and Amortization

880 k1.3 m407 k807 k1.2 m651 k1.3 m1.9 m546 k

Cash From Operating Activities

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

Capital Expenditures

(489 k)(978 k)(231 k)(1.2 m)(1.5 m)(1.2 m)(2 m)(1.5 m)(122 k)

Cash From Investing Activities

123 k7.8 m(3.6 m)(49.6 m)(49.3 m)2.8 m8 m33.5 m211 k

Cash From Financing Activities

30 k31 k30 m30 m40 k41 k

Free Cash Flow

12.7 m15.7 m11.2 m19.7 m22.5 m9.3 m8.8 m(7.3 m)1.5 m
USDY, 2017

Revenue/Employee

62.9 k

Financial Leverage

5.8 x

Acceptance Insurance Market Value History

Traffic Overview of Acceptance Insurance

Acceptance Insurance Online and Social Media Presence

Acceptance Insurance Company Life and Culture

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