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]

Affirmative Insurance Holdings, Inc
Company typePublic
AFFM[1]
IndustryProperty & Casualty Insurance
Founded1998
HeadquartersAddison, Texas
Key people
Michael J. McClure
(CEO)
Increase US$ 209.761 million (2012)[2]
Total assetsIncrease US$ 338.395  million (2012)[2]
Total equityIncrease US$ 133.254  million (2012)[2]
Websitewww.affirmative.com

History

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In 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

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  1. ^ traded symbols
  2. ^ a b c "Selected Financial Data".
  3. ^ a b "49855 (AFFM) Company Profile & Facts - Yahoo Finance". Yahoo Finance.
  4. ^ a b c "Affirmative Insurance Holdings, Inc". Archived from the original on 2014-02-27. Retrieved 2014-02-19.
  5. ^ "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.
  6. ^ "Office of the Special Deputy Receiver - Affirmative Insurance Company". www.osdchi.com. Retrieved 2016-09-03.
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