Affirmative Insurance Holdings Inc (AFFM) Financial Statements (2024 and earlier)

Company Profile

Business Address 4450 SOJOURN DRIVE
ADDISON, TX 75001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 23,86344,56938,176
Cash and cash equivalents 23,86344,56938,176
Total current assets: 23,86344,56938,176
Noncurrent Assets
Property, plant and equipment 8,38913,97822,571
Intangible assets, net (including goodwill) 1,5001,50014,265
Intangible assets, net (excluding goodwill) 1,5001,50014,265
Deferred costs 5,200  
Total noncurrent assets: 15,08915,47836,836
Other undisclosed assets 298,737326,794263,383
TOTAL ASSETS: 337,689386,841338,395
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,1001,6004,500
Total current liabilities: 1,1001,6004,500
Noncurrent Liabilities
Other undisclosed liabilities 470,988488,133467,149
Total liabilities: 472,088489,733471,649
Equity
Equity, attributable to parent, including: (134,399)(102,892)(133,254)
Common stock 190182182
Treasury stock, value (32,910)(32,910)(32,910)
Additional paid in capital 167,623167,049166,749
Accumulated other comprehensive loss  (1,654)(998)
Accumulated deficit (267,766)(235,559)(266,277)
Other undisclosed equity, attributable to parent (1,536)  
Total equity: (134,399)(102,892)(133,254)
TOTAL LIABILITIES AND EQUITY: 337,689386,841338,395

Income Statement (P&L) ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 143,533246,124209,761
Financial services revenue 140,475165,69534
Gross profit: 143,533246,124209,761
Operating expenses (174,488)(254,632)(217,975)
Other operating income, net 3125 
Other undisclosed operating loss (3)(125) 
Operating loss: (30,955)(8,508)(8,214)
Nonoperating income
(Investment Income, Nonoperating)
 1,2016,4487,723
Interest and debt expense (12,954)(24,856)(19,743)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 8,79958,523(31,415)
Income (loss) from continuing operations before income taxes: (33,909)31,607(51,649)
Income tax expense (benefit) 1,702(889)(264)
Income (loss) from continuing operations: (32,207)30,718(51,913)
Income (loss) before gain (loss) on sale of properties: (32,207)30,718(51,913)
Net income (loss) available to common stockholders, diluted: (32,207)30,718(51,913)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (32,207)30,718(51,913)
Comprehensive income (loss), net of tax, attributable to parent: (32,207)30,718(51,913)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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