First Acceptance Corporation Reports Operating Results for the Quarter Ended March 31, 2026
First Acceptance reported Q1 net revenues of $118.4 million, down 5% year-over-year, though revenues before ceded reinsurance grew 4% to $154.0 million. Net income nearly tripled to $8.2 million, or $0.22 per diluted share, driven by a significant improvement in the combined ratio to 94.4% from 99.8%.
Key figures
- Eps
- 0.22
- Revenue
- 118400000
- Revenue Yoy
- -5%
- Net income
- 8200000
- Combined ratio
- 94.4%
- Book value per share
- 5.57
- Revenues before reinsurance
- 154000000
AI analysis
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